Deutsche Bank (DB) Releases Quarterly Earnings Results, Misses Expectations By $0.18 EPS
Deutsche Bank (NYSE:DB) issued its quarterly earnings data on Tuesday. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.50 by $0.18, StockRatingsNetwork reports.
Shares of Deutsche Bank (NYSE:DB) traded down 0.08% on Tuesday, hitting $35.84. 423,823 shares of the company’s stock traded hands. Deutsche Bank has a 52-week low of $34.25 and a 52-week high of $51.9943. The stock has a 50-day moving average of $36.24 and a 200-day moving average of $41.6. The company has a market cap of $36.532 billion and a price-to-earnings ratio of 278.06.
A number of research firms have recently commented on DB. Analysts at JPMorgan Chase & Co. upgraded shares of Deutsche Bank from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 9th. On the ratings front, analysts at Barclays downgraded shares of Deutsche Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, June 4th. They now have a $30.00 price target on the stock. Finally, analysts at Goldman Sachs upgraded shares of Deutsche Bank from a “sell” rating to a “neutral” rating in a research note on Wednesday, June 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Deutsche Bank has an average rating of “Hold” and a consensus price target of $36.75.
Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world.
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