Credit Suisse Initiates Coverage on Deutsche Bank AG (USA) to Underperform

Credit Suisse Initiates Coverage on Deutsche Bank AG (USA)(NYSE:DB). The shares have been rated Underperform. The rating by Credit Suisse was issued on Sep 19, 2016.

In a different note, On Sep 6, 2016, Santander said it Downgrades its rating on Deutsche Bank AG (USA). The shares have been rated ‘Underweight’ by the firm.

Deutsche Bank AG (USA) (DB) made into the market gainers list on Thursdays trading session with the shares advancing 2.52% or 0.32 points. Due to strong positive momentum, the stock ended at $13, which is also near the day’s high of $13.23. The stock began the session at $13.14 and the volume stood at 85,55,770 shares. The 52-week high of the shares is $30.82 and the 52 week low is $12.4. The company has a current market capitalization of $17,771 M and it has 1,36,70,00,000 shares in outstanding.

Deutsche Bank AG (USA)(DB) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $8.13B. Analysts had an estimated revenue of $7.65B. Earnings per share were $0.02. Analysts had estimated an EPS of $0.45.

Deutsche Bank AG is a global investment bank which offers a range of products and services in investment corporate and retail banking as well as in asset and wealth management. The Group operates through five corporate divisions: Corporate Banking & Securities (CB&S) Private & Business Clients (PBC) Global Transaction Banking (GTB) Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU). CB&S consists of two business divisions Corporate Finance and Markets which offers a range of financial products. PBC consists of three business units Private and Commercial Banking Advisory Banking International and Postbank. GTB delivers commercial banking products and services to corporate clients and financial institutions. The Bank offers client logins for online banking wealth management cash management trust and securities services asset management and corporate banking.

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