Short DAX at 7740
- Thread starter ASusilovic
- Start date
Long FDAX 7628.
Stopped out. 
Yeah, I am asking myself which of the London desks is playing it the hard way. But be sure, I will charge interest for this "episode" ! :eek:
I think I found my defendant =>
Deutsche Bank Earnings May Be Worst Hit by Rout, JPMorgan Says
By Elena Logutenkova
Sept. 6 (Bloomberg) -- Deutsche Bank AG, Germany's biggest lender, will probably be the European investment bank most affected by the fixed-income markets rout, according to JPMorgan Chase & Co. analysts.
Deutsche Bank earnings estimates for this year were cut 5 percent and lowered 10 percent for the following two years, Kian Abouhossein and Jacob Kruse, analysts at JPMorgan in London, wrote in a note to clients today. Credit Suisse Group's estimates were cut by 5 percent for 2007 and 3 percent for the next two years, while UBS AG's were lowered by 2 percent, 4 percent and 3 percent for 2007, 2008 and 2009, respectively.
Deutsche Bank, which operates the biggest investment bank by revenue in Europe, gets about half of group profits from fixed-income sales and trading, JPMorgan analysts estimate. The banks will probably also take a hit from mark-to-market writedowns on leveraged loans in the third quarter, they said.
``Lower sustainable revenues in securitizations, leverage finance, hedge funds and proprietary trading are impacting our 2008 and 2009 estimates,'' the analysts said. They have an ``overweight'' rating on Credit Suisse and ``underweight'' ratings on UBS and Deutsche Bank.
Beware JPM, you will pay for this BS ! I think DB, is already working on a downgrade for your stock, GUYZ !
Deutsche Bank Earnings May Be Worst Hit by Rout, JPMorgan Says
By Elena Logutenkova
Sept. 6 (Bloomberg) -- Deutsche Bank AG, Germany's biggest lender, will probably be the European investment bank most affected by the fixed-income markets rout, according to JPMorgan Chase & Co. analysts.
Deutsche Bank earnings estimates for this year were cut 5 percent and lowered 10 percent for the following two years, Kian Abouhossein and Jacob Kruse, analysts at JPMorgan in London, wrote in a note to clients today. Credit Suisse Group's estimates were cut by 5 percent for 2007 and 3 percent for the next two years, while UBS AG's were lowered by 2 percent, 4 percent and 3 percent for 2007, 2008 and 2009, respectively.
Deutsche Bank, which operates the biggest investment bank by revenue in Europe, gets about half of group profits from fixed-income sales and trading, JPMorgan analysts estimate. The banks will probably also take a hit from mark-to-market writedowns on leveraged loans in the third quarter, they said.
``Lower sustainable revenues in securitizations, leverage finance, hedge funds and proprietary trading are impacting our 2008 and 2009 estimates,'' the analysts said. They have an ``overweight'' rating on Credit Suisse and ``underweight'' ratings on UBS and Deutsche Bank.
Beware JPM, you will pay for this BS !
I think DB, is already working on a downgrade for your stock, GUYZ ! 