Deutsche Bank (NYSE: DB) off to a strong start today with upwards of 10% gains on the NYSE on Monday (4/24/2017) after a general 200 point rise in the DOW after News of the French election makes waves across the globe.
The bump up in the market overall is giving Deutsche some breathing room after they reported a gain in the Q4 of 2016 in the amount of 236 million which pales in comparison to their overall 1.4 billion (EUR) full year loss in 2016. The CEO, John Cryan, of Deutsche bank states the following for their Q4 2016 reports “Our results for the year 2016 were heavily impacted by decisive management action taken to improve and modernize the bank, as well as by market turbulence or Deutsche Bank. We proved our resilience in a particularly tough year. We finishes 2016 with pleasing strong capital and liquidity ratios and we are optimistic after a promising start to this year.” The core capital ratio was 11.9% at year-end which is up from 11.1% at the end of the Q3 of 2016, according to Deutsche earnings for Q4 2016.
Deutsche will also be announcing their 2017 Q1 earnings on April 27th 2017 at 2 pm CET with an Analyst Conference call. Then we can see what effect the restructuring of their operations has done for their bottom line.
Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.