Currently, Deutsche Bank's wealth management business has $242.35 billion under management, according to Reuters. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company's stock. They now have a $5.70 target price on the bank's stock. Deutsche Bank then hired Angel Chen and Donald Taylor, who previously served as senior vice presidents at City National Bank's Private Client Services, as managing directors in Los Angeles. Royal Bank of Canada set a €7.50 ($8.72) price target on shares of Deutsche Bank and gave the company a sell rating in a research report on Wednesday, April 3rd.
Up to 20,000 jobs could be axed at Deutsche Bank as the company is set to announce plans for a global restructuring. UBS Group restated a "hold" rating on shares of Deutsche Bank in a research report on Thursday, April 4th. At the same time, persistently low interest rates in the euro area and an extremely competitive German banking industry meant Deutsche Bank didn't have the same stable income from its non-trading operations that has helped fund the vast expansion of its US rivals.
Deutsche Bank has failed three of the Federal Reserve's stress tests in five years, and although it passed the central bank's latest one, it continues to face restrictions from USA regulators due to its compliance failures.
Sergio AGUERO, Paulo DYBALA score as Argentina win Copa America third place
Messi was sent off, along with Gary Medel , after an altercation in the first half of a tempestuous meeting at Arena Corinthians . He said he expected Brazil to win Sunday's final against Peru, claiming it was already set up for the hosts' victory.
While Deutsche Bank doesn't break down revenue for its USA operations, JPMorgan estimates that fixed-income trading accounted for about half of the 5 billion euros of revenue generated there in 2017. Flinton Capital Management LLC lifted its holdings in shares of Deutsche Bank by 42.5% in the 4th quarter. Institutional investors and hedge funds own 19.34% of the company's stock. Deutsche Bank has a 52-week low of €12.36 ($14.37) and a 52-week high of €18.49 ($21.50). DekaBank Deutsche Girozentrale now owns 17,752,113 shares of the bank's stock worth $200,006,000 after purchasing an additional 1,904,859 shares during the period.
The corporate bank would include the transaction bank, which has been a segment of the investment bank, they said.
At present a single corporate customer may have accounts with Deutsche Bank's private and commercial bank, the transaction bank and the investment bank.