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Wall Street is in full sell mode on Deutsche Bank (DB)

Wall Street is in full sell mode on Deutsche Bank (DB)




Wall Street analysts are increasingly bearish on Deutsche Bank.




Of the 32 analysts that cover the bank, only one has a "buy" rating.




Deutsche Bank investor Cerberus is now a paid adviser to the lender.




Watch Deutsche Bank trade live.




Wall Street analysts are increasingly bearish on Deutsche Bank, with 31 of the 32 analysts covering the company not suggesting to buy the stock. In fact, 18 say "sell," 13 say "hold," and just one says "buy." The lone analyst recommending the stock, Neil Smith of Bankhaus Lampe, does not have a single "sell" rating on any of the 14 companies in his coverage universe.
Deutsche Bank has come under intense pressure as of late, with its shares down 42% over the past 12 months. The German lender has been struggling to reduce costs after widely missing analysts' earnings expectations for 2018. Should its restructuring efforts fail, there have been reports the German government could orchestrate a merger between Deutsche Bank and rival Commerzbank.
In addition to reigning in costs, DB is dealing with a number of issues including a $1.6 billion loss on a municipal bond trade, increased funding costs, and a host of legal challenges. The company has paid more than $18 billion in legal fines over the past decade, an amount on par with its current market capitalization of $18.9 billion.
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