FRANKFURT (dpa-AFX) – Shares of Flatexdegiro continued their recent slide on Thursday. Trading at 30.72 euros, the online broker's stock has now lost 29 percent since reaching its record high of just over 43 euros earlier this month. The drop was triggered by concerns over AI-driven displacement, which have affected financial service providers alongside many other sectors.
On Wednesday evening, Flatexdegiro disappointed investors with its outlook when presenting its latest figures. The earnings per share forecast for the current year is eight percent below consensus, wrote Citigroup analyst Andrew Lowe. However, Flatexdegiro is known for setting conservative short-term targets. Lowe thus positioned the situation as a favorable entry opportunity for investors./ag/jha/
