Callum Burroughs, provided by Published 2:05 am PST, Friday, February 1, 2019 Deutsche Bank stock is sliding 2% after the bank missed its fourth quarter revenue target. Bloomberg said the the German government would orchestrate a merger with with rival Commerzbank by mid-2019 if restructuring efforts fell short of targets. The shares also fell after that report. Deutsche Bank’s stock has been on a rollercoaster ride, hit by, among other things, two separate bank raids last year. The shares have fallen 48% in the past 12 months. Investors offered no respite to Deutsche Bank’s stock after the German bank reported earnings that fell short of analyst expectations. The stock dropped more than 2%. The struggling lender has been implementing cost-cutting programs to improve efficiency but the bank earned a post-tax return on tangible equity of just 0.4%, half what analysts expected. Deutsche Bank’s stock has been on a rollercoaster ride, hit by, among other things, two separate bank raids last year. The shares have fallen 48% in the past 12 months, reaching record lows. The market capitalization is about €16 billion, a little bigger than what would be deemed a US midcap. The stock got hit on Thursday as well, falling… Read full this story
- Audits reveal Deutsche Bank's links to tax trade scandal
- Tech, bank stocks help end market’s 5-day losing streak
- Brewer’s stock gets hammered at start of new year
- US stocks slide a day after biggest rally since March
- Q&A: Stocks slide into correction, so what’s next?
- Q&A: Stocks slide into another market 'correction'
- Fox Hosts Blame House Democrats' 'Tone,' Maxine Waters for Stock Market Plunge
- Big banks are moving regulators out of New York City
- Stocks, bonds plunge due to renewed jitters over trade
- Dow Jones Futures: Netflix Pullback Could Be Just What This FANG Stock Needs
Deutsche Bank's stock is getting hit. Again. This time it's because of weaker than expected earnings. (DB) have 293 words, post on www.sfgate.com at February 1, 2019. This is cached page on VietMaz. If you want remove this page, please contact us.