Previous close | 16.66 |
Open | 16.71 |
Bid | 16.50 x 555100 |
Ask | 16.51 x 230000 |
Day's range | 16.47 - 17.01 |
52-week range | 8.90 - 17.01 |
Volume | |
Avg. volume | 9,327,231 |
Market cap | 32.933B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | 5.80 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.45 (2.70%) |
Ex-dividend date | 17 May 2024 |
1y target est | N/A |
Deutsche Bank AG said a court ruling in a years-long litigation over its takeover of Postbank will require it to make a legal provision that will impact its second quarter and full-year profitability. Germany's flagship lender said that the Higher Regional Court of Cologne had on Friday assessed the claims of certain former Postbank shareholders that a higher offer price should have been paid for the 2010 takeover. "While Deutsche Bank continues to disagree strongly with this assessment, the court's statements will impact Deutsche Bank's estimation of the probability of a future outflow, resulting in a legal provision in the second quarter of 2024."
Deutsche Bank's (DB) first-quarter earnings benefit from higher revenues in the Investment Bank and Asset Management segments, along with lower costs. However, a rise in provisions remains a concern.
Deutsche Bank has named Oliver Jerome as head of European foreign exchange in London as the lender boosts its forex desks, according to a note sent internally. Jerome has held similar roles at JP Morgan and Morgan Stanley and was recently one of the founders of a technology company active in foreign exchange. At Deutsche Bank, he will report to Sameen Farooqui, co-head of global foreign exchange, and Panos Stergiou, head of institutional client group.