Deutsche Bank AG

DB-N

NYSE:DB

9.69
0.20 (2.11%)
Deutsche Bank AG is a German investment bank and financial services company headquartered in Frankfurt, Hesse, Germany. The bank is present in 58 countries with a large presence in Europe, the Americas and Asia.
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Analysis and Opinions about DB-N

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
September 16, 2015

He would stay far away from this bank. On the investment banking part of their business, with fixed income, earnings are very volatile and uncertain. Trading at a significant discount to its BV for a reason, because its ROE is very low. All those uncertainties make him nervous.

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Deutsche Bank AG (DB-N)
September 16, 2015

He would stay far away from this bank. On the investment banking part of their business, with fixed income, earnings are very volatile and uncertain. Trading at a significant discount to its BV for a reason, because its ROE is very low. All those uncertainties make him nervous.

DON'T BUY
DON'T BUY
March 13, 2015

This definitely has headwinds with Greece, which has a government that is going to default on their debt. As one of the major European banks, this has been affected by the possibility of a Greek exit. However, anybody that has exposure to Greece should be out.

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Deutsche Bank AG (DB-N)
March 13, 2015

This definitely has headwinds with Greece, which has a government that is going to default on their debt. As one of the major European banks, this has been affected by the possibility of a Greek exit. However, anybody that has exposure to Greece should be out.

TOP PICK
TOP PICK
February 12, 2015

Stands out because of the large exposure to Germany, one of the strongest countries with better growth. The bank has their issues behind them. They have gone through capital rebuilding, did a rights issue and the next couple of years are going to be well into the double digits for earnings growth. It is trading at a 30% discount to tangible book value. He just bought in December.

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Deutsche Bank AG (DB-N)
February 12, 2015

Stands out because of the large exposure to Germany, one of the strongest countries with better growth. The bank has their issues behind them. They have gone through capital rebuilding, did a rights issue and the next couple of years are going to be well into the double digits for earnings growth. It is trading at a 30% discount to tangible book value. He just bought in December.

COMMENT
COMMENT
January 9, 2015

This and some of the other European banks are all in the same boat. They are going through stress tests. It is early on. He was looking at this one recently, but hasn’t made a decision what he is going to do. Would like to know how much exposure they have to Russia. European banks are a year or 2 behind the US banks, so they may have to go sideways for a bit longer until things clean up in Europe. When they do, these banks are not going to fail. They are through the worst of it.

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Deutsche Bank AG (DB-N)
January 9, 2015

This and some of the other European banks are all in the same boat. They are going through stress tests. It is early on. He was looking at this one recently, but hasn’t made a decision what he is going to do. Would like to know how much exposure they have to Russia. European banks are a year or 2 behind the US banks, so they may have to go sideways for a bit longer until things clean up in Europe. When they do, these banks are not going to fail. They are through the worst of it.

DON'T BUY
DON'T BUY
December 22, 2014

He would think of European banking exposure in 2 ways. The 1st would be the interest rate increases, but the recovery you are going to get will not be immediate It may be a 2017 story. At the same time you are also seeing the stress test that is starting to occur when a company’s assets added some equity raise to some of these banks. You are still seeing a very weak economy. He doesn’t see any upside in the next year or 2.

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Deutsche Bank AG (DB-N)
December 22, 2014

He would think of European banking exposure in 2 ways. The 1st would be the interest rate increases, but the recovery you are going to get will not be immediate It may be a 2017 story. At the same time you are also seeing the stress test that is starting to occur when a company’s assets added some equity raise to some of these banks. You are still seeing a very weak economy. He doesn’t see any upside in the next year or 2.

COMMENT
COMMENT
November 4, 2014

Like a lot of European banks, with the new capital requirements they had to do a very significant rights issue and had to raise a lot of capital. That is dilutive to shareholders. However it doesn't look expensive and he continues to look at this. They're going to suffer a little bit with the slowing European economies, but he could be talking about this on one of these shows someday.

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Deutsche Bank AG (DB-N)
November 4, 2014

Like a lot of European banks, with the new capital requirements they had to do a very significant rights issue and had to raise a lot of capital. That is dilutive to shareholders. However it doesn't look expensive and he continues to look at this. They're going to suffer a little bit with the slowing European economies, but he could be talking about this on one of these shows someday.

PAST TOP PICK
PAST TOP PICK
October 6, 2014

Long Bundesrepublik Deutchland 3.25% 1/2020 Bond and Short Deutsche Bank 5.00% 6/2024 Bond. (Top Pick May 15/14, Up 2.07% / Down 2.75%) A defensive trade. The banking sector has turned around a little in Europe. It would no longer be his top pick.

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Deutsche Bank AG (DB-N)
October 6, 2014

Long Bundesrepublik Deutchland 3.25% 1/2020 Bond and Short Deutsche Bank 5.00% 6/2024 Bond. (Top Pick May 15/14, Up 2.07% / Down 2.75%) A defensive trade. The banking sector has turned around a little in Europe. It would no longer be his top pick.

DON'T BUY
DON'T BUY
September 24, 2014

Not as good an upside as BAC-N. DB-N’s investment bank is not as good as BAC-N’s. You have to be number 1-4 to make all the money and DB-N is below that. They also don’t have a huge retail brokerage franchise. It is not an expensive stock and is one of the better European banks.

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Deutsche Bank AG (DB-N)
September 24, 2014

Not as good an upside as BAC-N. DB-N’s investment bank is not as good as BAC-N’s. You have to be number 1-4 to make all the money and DB-N is below that. They also don’t have a huge retail brokerage franchise. It is not an expensive stock and is one of the better European banks.

DON'T BUY
DON'T BUY
August 28, 2014

They have had a number of challenges. He does not think the EU banks had received direct injection of funds. The UK offers better opportunities. Be careful on continental Europe.

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Deutsche Bank AG (DB-N)
August 28, 2014

They have had a number of challenges. He does not think the EU banks had received direct injection of funds. The UK offers better opportunities. Be careful on continental Europe.

COMMENT
COMMENT
August 18, 2014

He is looking seriously at this one. Issued a right’s issue, which bolstered the capital. Like everybody else they paid billions of dollars in fines to the US government and their agencies. They appear to be finally well-capitalized again. Trading at around a 52-week low. 2.9% dividend yield.

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Deutsche Bank AG (DB-N)
August 18, 2014

He is looking seriously at this one. Issued a right’s issue, which bolstered the capital. Like everybody else they paid billions of dollars in fines to the US government and their agencies. They appear to be finally well-capitalized again. Trading at around a 52-week low. 2.9% dividend yield.

BUY
BUY
August 1, 2014

You could do a lot worse than owning the German banks right now. The German market and the banks have been hit particularly hard. Earnings were a little bit below expectations recently, but not bad across-the-board. Valuations are extremely attractive. They are impacted more aggressively by the Russian situation, which is why Germany has not been as quick on the sanctions.

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Deutsche Bank AG (DB-N)
August 1, 2014

You could do a lot worse than owning the German banks right now. The German market and the banks have been hit particularly hard. Earnings were a little bit below expectations recently, but not bad across-the-board. Valuations are extremely attractive. They are impacted more aggressively by the Russian situation, which is why Germany has not been as quick on the sanctions.

DON'T BUY
DON'T BUY
June 11, 2014

Risk is even higher than it is for ING (ING-N), but he is not nearly as confident that it will fare well over the next 3-5 years. Stock is off because they are going to have to do a capital raise this year in order to solidify their balance sheets. They have many things on the asset side of the balance sheet, whose fair value is potentially significantly below the carrying value. For regulatory purposes, they need to shore that ratio up.

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Risk is even higher than it is for ING (ING-N), but he is not nearly as confident that it will fare well over the next 3-5 years. Stock is off because they are going to have to do a capital raise this year in order to solidify their balance sheets. They have many things on the asset side of the balance sheet, whose fair value is potentially significantly below the carrying value. For regulatory purposes, they need to shore that ratio up.

DON'T BUY
DON'T BUY
May 20, 2014

Their dividend is €0.75 and has been that way since 2010, down from €4.11 in 2008. They were not able to recover their business fast enough to generate the free cash flow to get the dividends back up. There is still the big cloud overhead that they are doing a big "rights issue" right now, simply because they have all these litigation issues down the road.

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Their dividend is €0.75 and has been that way since 2010, down from €4.11 in 2008. They were not able to recover their business fast enough to generate the free cash flow to get the dividends back up. There is still the big cloud overhead that they are doing a big "rights issue" right now, simply because they have all these litigation issues down the road.

TOP PICK
TOP PICK
May 15, 2014

Long Bundesrepublik Deutchland 3.25% 1/2020 Bond and Short Deutsche Bank 5.00% 6/2024 Bond. He made a 10% gain on this trade just today. ECB is about to take over regulation of the European banking system. Thinks they will need $300 Billion in recapitalization.

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Long Bundesrepublik Deutchland 3.25% 1/2020 Bond and Short Deutsche Bank 5.00% 6/2024 Bond. He made a 10% gain on this trade just today. ECB is about to take over regulation of the European banking system. Thinks they will need $300 Billion in recapitalization.

BUY
BUY
January 9, 2014

Thinks you will do very, very well. Benefit from better economic growth. Big capital markets business, particularly in Europe. Reasonable valued.

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Deutsche Bank AG (DB-N)
January 9, 2014

Thinks you will do very, very well. Benefit from better economic growth. Big capital markets business, particularly in Europe. Reasonable valued.

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