Category: Deutsche
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RTX upgraded to Buy from Hold at Deutsche Bank
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https://www.tipranks.com/news/the-fly/rtx-upgraded-to-buy-from-hold-at-deutsche-bank-2 Deutsche Bank analyst Scott Duschl made the upgrade RTX (RTX) to buy from Hold using a Price target From $140, up from $131. RTX trades like a defense stock and is valued like a defense stock but has multiple EBIT like an aviation stock, the analyst tells investors in…
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World’s top miners set for hit from sharp slump in industrial activity, Deutsche Bank says
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Dazman/E+ via Getty Images The largest global mining companies are: Expected to suffer from lower metal prices Analysts at Deutsche Bank said this week that the decline in crude oil prices has slowed demand for copper, nickel and iron ore due to a sharp slowdown in industrial activity in China,…
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DSV ahead in bidding for Deutsche Bahn’s Schenker, sources say By Reuters
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BERLIN (Reuters) – Danish transport company DSV is slightly ahead in the bidding race for German state rail operator Deutsche Bahn’s Schenker logistics unit, several people familiar with the sale process told Reuters on Friday. DSV’s offer is currently considered the most attractive, the sources said after a meeting of…
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RBC, Deutsche Bank plan US$4.5-billion debt sale for R1 RCM
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Article Content Deutsche Bank and Royal Bank of Canada are preparing to issue a $4.5 billion debt package to help finance Towerbrook Capital and Clutton Dubilier & Rice’s planned purchase of R1 RCM Inc., according to people familiar with the matter. The financing could include a leveraged loan of up…
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Deutsche Bank expect 3 Fed rate cuts in 2024. BoA says just 1
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The Federal Open Market Committee (FOMC) meets on the 30th and 31st: Statement due at 1400 ET (1800 GMT) Fed Chair Powell’s press conference is in half an hour. Deutsche Bank expects nothing at this week’s meeting: First 25bp cut in September This was followed by a 25 basis point…
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Deutsche Bank Q2 beats estimates, RBC maintains “outperform” despite headwinds By Investing.com
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Investment.com – German Bank DBK (ETR:) reported a positive set of second-quarter results that beat analysts’ expectations for net income and pre-tax earnings, according to a report from RBC Capital Markets. The upbeat performance was driven by strong revenue growth across all business divisions. Strong revenue growth across core businesses:…
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Deutsche Bank expect further losses still to come for large cap tech stocks
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Via CNBC, here are Deutsche Bank’s thoughts on the additional losses that still lie ahead for large-cap tech stocks: The shift from big tech to small cap companies that has occurred will be more than just a short-term glitch. The market still has a lot of optimism in mind about…
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Deutsche Bank upbeat on Spotify and Warner Music prospects By Investing.com
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Deutsche Bank on Wednesday expressed a positive outlook on market sentiment for Spotify (NYSE:SPOT) and Warner Music Group Corp. (NASDAQ:WMG) ahead of their upcoming earnings reports. The company highlighted continued strength in streaming and download numbers as the third quarter began, indicating strong demand across the industry. The bank noted…
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Deutsche Bank says Trump presidency + China tariffs = EUR/USD @parity
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In an interview with Bloomberg TV, Deutsche Bank’s George Saravelos spoke about the main point he made in his talk about the euro: “Imagine a situation where the US erects a massive tariff wall against China.” “All these Chinese goods will have to be diverted to other markets including Europe,…
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Deutsche Bank’s four key risks for H2 of the year
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Deutsche Bank appoints Laura Padovani to management board By Reuters
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FRANKFURT (Reuters) – Deutsche Bank said on Sunday it had appointed Laura Padovani to its board of directors responsible for compliance and financial crime prevention, adding a woman to the German bank’s male-dominated senior positions. The promotion of Padovani, who joined Deutsche Bank last year as head of compliance, will…
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Deutsche Bank says S&P 500 pullback is coming By Investing.com
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Strategists at Deutsche Bank suggest that the pair could be on the cusp of another pullback, following a previous successful prediction earlier in April when they predicted a pause in the market rally. Their predictions proved accurate as the S&P 500 saw a 4.6% decline in the two weeks following…
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Bitpanda taps Deutsche Bank to process fiat transfers in Germany
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Austrian cryptocurrency exchange Bitpanda has teamed up with Germany’s largest bank Deutsche Bank to provide real-time payment solutions. Cryptocurrency exchange Bitpanda is expanding its partnership with Deutsche Bank, Germany’s largest financial lender, to provide banking solutions for inbound and outbound transactions for users in Germany. An API-based account solution will…
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Deutsche Bank tests Ethereum-based platform to mitigate margin compression
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German banking giant Deutsche Bank AG is looking at blockchain technology as a way to alleviate margin pressure. A new report indicates that Deutsche Bank is testing an unnamed Ethereum-based platform. According to the bank, the platform offers services centered around tokenized funds. Tokenization is the process of creating blockchain-based…
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Deutsche Bank tests Ethereum-based platform to mitigate margin compression
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German banking giant Deutsche Bank AG is looking at blockchain technology as a way to alleviate margin pressure. A new report indicates that Deutsche Bank is testing an unnamed Ethereum-based platform. According to the bank, the platform offers services centered around tokenized funds. Tokenization is the process of creating blockchain-based…
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Deutsche Bank lifts S&P 500 target on strong earnings By Investing.com
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Strategists at Deutsche Bank increased their target for the end of the year to 5,500, compared to the previous 5,100. The review is based on a strong earnings cycle and the expectation that market confidence will grow by the end of the year, which should positively impact US stocks. “We…