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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Bank    DBK   DE0005140008

DEUTSCHE BANK (DBK)
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Deutsche Bank bets on continuity at investment bank: Financial Times

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04/12/2018 | 09:36am CEST
The headquarters of the Deutsche Bank is pictured in Frankfurt

FRANKFURT (Reuters) - Deutsche Bank will avoid a radical shift in strategy for its investment bank and instead focus on targeted cuts to increase profitability, investment banking chief Garth Ritchie told the Financial Times.

FRANKFURT (Reuters) - Deutsche Bank will avoid a radical shift in strategy for its investment bank and instead focus on targeted cuts to increase profitability, investment banking chief Garth Ritchie told the Financial Times.

"I expect this to continue to be a process and not an event," the Financial Times on Thursday cited Ritchie as saying. Ritchie wants cuts that outsiders "probably won't notice" because they will happen in businesses where Deutsche is not very strong.

The appointment on Sunday of Christian Sewing as chief executive and the abrupt departure of his predecessor John Cryan fueled market speculation of radical change at Germany's flagship lender, particularly at its investment bank, as the bank has been slower than rivals to reform after the financial crash.

(Reporting by Edward Taylor; Editing by Susan Fenton)

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Financials (€)
Sales 2018 25 863 M
EBIT 2018 2 085 M
Net income 2018 607 M
Debt 2018 -
Yield 2018 1,39%
P/E ratio 2018 38,96
P/E ratio 2019 12,53
Capi. / Sales 2018 0,84x
Capi. / Sales 2019 0,84x
Capitalization 21 776 M
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Technical analysis trends DEUTSCHE BANK
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Mean consensus UNDERPERFORM
Number of Analysts 28
Average target price 10,2 €
Spread / Average Target -3,3%
EPS Revisions
Managers
NameTitle
Christian Sewing Chief Executive Officer
Karl von Rohr Co-President & Chief Administrative Officer
Garth Ritchie Co-President & Co-Head-Corporate & Investment Bank
Paul Achleitner Chairman-Supervisory Board
Frank Kuhnke Chief Operations Officer
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