Short DAX at 7740
- Thread starter ASusilovic
- Start date
Deutsche Bank AG, Germanyâs biggest bank, posted its fourth straight quarterly profit on a rebound in trading, cementing a turnaround after reporting a record loss a year earlier.
The Frankfurt-based bank had net income of 1.3 billion euros ($1.8 billion) in the fourth quarter after a loss of 4.8 billion euros in the year-earlier period, it said in a DGAP statement today. Earnings surpassed the 650 million-euro median estimate of analysts surveyed by Bloomberg.
Deutsche Bank, like New York-based Goldman Sachs Group Inc. and JPMorgan Chase & Co., recorded a rebound in profit last year after emerging from the worst financial crisis since the Great Depression. Revenue from trading declined in the fourth quarter as business slowed before year-end and competition increased, shrinking margins.
âDeutsche Bank is a relative winner of the crisis within the investment-banking world,â said Andrew Lynch, who helps manage about $2 billion at Schroder Investment Management in London, including Deutsche Bank shares. He spoke before the earnings were published.
Deutsche Bank has gained 122 percent to 45.82 euros in Frankfurt trading over the last 12 months, compared with a 57 percent gain in the 52-company Bloomberg Europe Banks and Financial Services Index.
I hear from some friends at Deutsche, every division is making double digit revenue and profit progress in Q1...
The Frankfurt-based bank had net income of 1.3 billion euros ($1.8 billion) in the fourth quarter after a loss of 4.8 billion euros in the year-earlier period, it said in a DGAP statement today. Earnings surpassed the 650 million-euro median estimate of analysts surveyed by Bloomberg.
Deutsche Bank, like New York-based Goldman Sachs Group Inc. and JPMorgan Chase & Co., recorded a rebound in profit last year after emerging from the worst financial crisis since the Great Depression. Revenue from trading declined in the fourth quarter as business slowed before year-end and competition increased, shrinking margins.
âDeutsche Bank is a relative winner of the crisis within the investment-banking world,â said Andrew Lynch, who helps manage about $2 billion at Schroder Investment Management in London, including Deutsche Bank shares. He spoke before the earnings were published.
Deutsche Bank has gained 122 percent to 45.82 euros in Frankfurt trading over the last 12 months, compared with a 57 percent gain in the 52-company Bloomberg Europe Banks and Financial Services Index.
I hear from some friends at Deutsche, every division is making double digit revenue and profit progress in Q1...
Below 5620 is a buy.
Dip buying opportunity for Goldman's prop desk in London...
10 % correction done. Time to buy some stuff here 5438.00. Seems my 61506200 and 6250 calls will be worhless in March...But who knows?
10% correction, this reminds me that last time GS said that fair value is 5650 and we went 5+% higher. This time we might go 5+% lower than correction.
Yeah, they will be worthless, EU crisis, US transation tax, no prop trading for banks. Too many problems to resolve until mid march,
.Quote from archimg77:
10% correction, this reminds me that last time GS said that fair value is 5650 and we went 5+% higher. This time we might go 5+% lower than correction.
Yeah, they will be worthless, EU crisis, US transation tax, no prop trading for banks. Too many problems to resolve until mid march,
I amtrying to roll over these calls into December, hoping for this 22 % rally Goldman is predicting...