Erste Group Bank Issues Pessimistic Forecast for DB Earnings

Deutsche Bank Aktiengesellschaft (NYSE:DB) – Stock analysts at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for shares of Deutsche Bank Aktiengesellschaft in a report released on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now anticipates that the bank will post earnings of $4.30 per share for the year, down from their previous estimate of $4.45. The consensus estimate for Deutsche Bank Aktiengesellschaft’s current full-year earnings is $3.89 per share.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). The company had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%.

A number of other research analysts have also recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, September 2nd. Bank of America set a $43.00 target price on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Zacks Research raised shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, October 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Sunday, October 4th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Down 0.0%

NYSE DB opened at $33.67 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. The company has a fifty day moving average of $37.96 and a two-hundred day moving average of $34.82. The firm has a market capitalization of $65.33 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.47 and a beta of 1.00. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $41.62.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in Deutsche Bank Aktiengesellschaft by 51.6% in the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after acquiring an additional 277 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $34,000. GHP Investment Advisors Inc. bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth $64,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Deutsche Bank Aktiengesellschaft by 22,576.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,948 shares of the bank’s stock worth $114,000 after purchasing an additional 2,935 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at $164,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.