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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Bank AG    DBK   DE0005140008

DEUTSCHE BANK AG

(DBK)
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Deutsche Bank : to layoff 126 New York staff as part of restructuring

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07/11/2019 | 03:48pm EDT
Signage is seen on the lobby of the U.S. headquarters of Deutsche Bank in New York City

NEW YORK (Reuters) - Deutsche Bank AG plans to lay off 126 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Thursday.

The 126 employees are being let go for economic reasons and their final day will be between Aug. 7 and Aug. 21, according to a Worker Adjustment and Retraining Notification that the bank filed with the New York State Department of Labor on July 8.

Deutsche Bank on Monday announced plans to cut 18,000 jobs worldwide, as part of a 7.4 billion euro ($8.3 billion)restructuring Chief Executive Christian Sewing hopes will turn around the bank, whose shares hit a record low last month.

Companies based in New York that have at least 50 employees are required to notify the state Department of Labor if they plan to reduce the local workforce by a significant number. They must file "WARN notices" 90 days ahead of the planned reductions.

Deutsche Bank had 9,275 employees in North America, predominately in New York, at the end of 2018, according to its annual report.

(Reporting by Matt Scuffham; Editing by Marguerita Choy)

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Financials (EUR)
Sales 2019 23 993 M
EBIT 2019 2 087 M
Net income 2019 -4 463 M
Finance 2019 30 623 M
Yield 2019 0,70%
P/E ratio 2019 -3,31x
P/E ratio 2020 10,2x
EV / Sales2019 -0,68x
EV / Sales2020 -1,16x
Capitalization 14 310 M
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Technical analysis trends DEUTSCHE BANK AG
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Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 26
Average target price 6,67  €
Last Close Price 6,93  €
Spread / Highest target 29,9%
Spread / Average Target -3,74%
Spread / Lowest Target -42,3%
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 Operating Officer & Member-Management Board
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