Stocks Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.
Deutsche Bank (DB) is a global financial services company headquartered in Germany. It has been undergoing restructuring in recent years to focus more on retail and corporate banking.
DB stock is down 9.2% on Jul 24, 2024 19:47
Deutsche Bank DB reported a second-quarter 2024 loss attributable to its shareholders of 143 million ($155.6 million) against the year-ago reported profit attributable to shareholders of 763 million ($830.7 million).
https://bankb.it/deutsche-bank-db-reports-q2-loss-on-lawsuit-provision-17039.html
FRANKFURT, Germany — Deutsche Bank said on Wednesday it had suffered a loss of 143 million euros ($155 million) in the second quarter, as it booked a huge litigation provision over a legacy issue. The group''s revenues had risen 2 percent from the same period a year ago, reaching 7.6 billion euros. However, the bank took a 1.3-billion euro-charge related to the takeover of Postbank AG, that dragged down its bottom line. Chief Executive Christian Sewing pointed to Deutsche Bank''s "operating strength" and said it was "well on track toward meeting our 2025 goals and our distribution commitments to shareholders." Deutsche Bank has undergone major restructuring in recent years, seeking to rely more on retail and corporate banking, after an aggressive shift in the early 2000s into investment banking that left it snared by multiple scandals. The strategy has been largely paid off, with the bank reaping greater profits. But investors can still be jittery about the bank ― its shares were hammered last year after the collapse of some US regional lenders and the enforced takeover of Credit Suisse by rival UBS.
https://www.manilatimes.net/2024/07/25/business/foreign-business/deutsche-bank-posts-quarterly-loss-over-litigation-provision/1959604
The shares of Deutsche Bank AG slumped over 7% on Wednesday after the company released its financial results for the second quarter of fiscal 2024.The German lender said that its profit before tax dro…
https://breakingthenews.net/Article/Deutsche-Bank-sinks-over-7-after-earnings-report/62424734
Deutsche Bank (NYSE:DB) just reported results for the second quarter of 2024. Deutsche Bank reported earnings per share of 37 cents. This was below the analyst estimate for EPS of 58 cents. The company reported revenue of $8.17 billion. This was 0.12% worse than the analyst estimate for revenue of $8.18 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.
https://investorplace.com/earning-results/2024/07/db-stock-earnings-deutsche-bank-for-q2-of-2024/
U.S. stock futures were lower this morning, with the Nasdaq futures dipping around 200 points on Wednesday. Shares of Tesla, Inc. TSLA fell sharply in today's pre-market trading following second-quarter results. Tesla reported second-quarter revenue of $25.5 billion, up 2% year-over-year.
https://www.benzinga.com/news/24/07/39930082/tesla-posts-weak-earnings-joins-visa-deutsche-bank-and-other-big-stocks-moving-lower-in-wednesdays-p
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