These ratings include Regions’ Baa3 senior unsecured, issuer, and subordinated debt ratings, its Ba2 (hyb) rating on noncumulative preferred stock, and its short-term issuer rating of Prime-3.
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Though the bank said it will seek to negotiate a lower settlement, Deutsche Bank still has to deal with a probe of its equities business in Russian Federation and is struggling to sell its German retail lender Deutsche Postbank AG.
1 number of analysts also provided their insight on Deutsche Bank AG, where the Average Price Target for the stock is $12.09.
Societe Generale’s analyst has said that Deutsche Bank will be “significantly under-capitalized” even if it manages to keep enough litigation provision to meet the final settlement with the department. DZ Bank AG reissued a neutral rating on shares of Deutsche Bank AG in a research note on Thursday, August 25th. Nine investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock.
Though the bank said it will seek to negotiate a lower settlement, shares tumbled 8.5% on Friday amid concern that the penalty will exceed what the bank set aside. Deutsche Bank AG has a 52 week low of $12.48 and a 52 week high of $30.82. Creative Planning now owns 7,392 shares of the company’s stock worth $101,000 after buying an additional 1,700 shares in the last quarter. Current stock price is in the upbeat territory taking into account of 20 days moving average with -0.40% and continued bullish run for 50 days moving average with 3.67%. The stock’s market capitalization is €16.27 billion. The fine could not have come at the worst time for Deutsche Bank given that it is trying to reinvigorate its prospects amidst a slowdown in the global economy.
Shares plunged late last week after word leaked the U.S.is seeking $14B over crisis-era MBS dealings, and they’re extending those losses today as analysts crunch the bank’s capital numbers.
While looking at the Stock’s Performance, Deutsche Bank AG now shows a Weekly Performance of -14.16%, where Monthly Performance is -7.16%, Quarterly performance is -20.43%, 6 Months performance is -31.99% and yearly performance percentage is -54.41%. The stock has its Price to Earnings (P/E) ratio of 0 and Forward Price to Earnings ratio of 7.67.
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A look at performance overview of Deutsche Bank AG depicts that Performance (Week) is -14.16 percent while Performance Month is -7.16%. The Stock now has a Weekly Volatility of 2.26% and Monthly Volatility of 1.98%. GTB delivers commercial banking products and services to corporate clients and financial institutions.
