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Kai Pfaffenbach - 1 Deutsche - 1 James von Moltke - 1 Mediobanca - 1 Sewing - 1 JPMorgan's - 1 Tom Sims - 1 Frank Siebelt - 1
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Search resuls for: "Tom Sims Frank Siebelt"


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☆ Deutsche Bank shares surge as it flags dividends and buybacks
  + stars: | 2023-10-25 | by ( Tom Sims Frank Siebelt | Tom Sims | Frank Siebelt | ) www.reuters.com   time to read: +4 min
[1/2] People are silhouetted next to the Deutsche Bank's logo prior to the bank's annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach Acquire Licensing RightsSummaryCompanies Shares up 7%Investment bank revenue declinesRevenue at retail and corporate divisions riseSlightly more optimistic on 2023 revenueForecasts buybacks in 2024, flags greater capital returnFRANKFURT, Oct 25 (Reuters) - Deutsche Bank (DBKGn.DE) on Wednesday promised more share buybacks next year and said it may return more capital to shareholders than it had previously envisaged, causing its shares to surge. Revenue from investment banking slumped but grew in the lender's retail and corporate divisions on higher interest rates. Deutsche Bank shares were up 7% in morning Frankfurt trade as analysts cited positive news on potential buybacks and dividends. Though earnings dropped, Deutsche recorded its 13th consecutive profitable quarter, a notable streak after years of hefty losses.
Persons: Kai Pfaffenbach, Deutsche, James von Moltke, Mediobanca, Sewing, JPMorgan's, Tom Sims, Frank Siebelt, Jamie Freed, Jason Neely Organizations: Deutsche, REUTERS, Deutsche Bank, Reuters Graphics Reuters, Reuters Graphics Reuters Graphics Investment, Revenue, Goldman, Barclays, RBC, Thomson Locations: Frankfurt, Germany, FRANKFURT
☆ Commerzbank shares sink on prospect rate income near peak
  + stars: | 2023-05-17 | by ( Tom Sims Frank Siebelt | Tom Sims | Frank Siebelt | ) www.reuters.com   time to read: +2 min
The bank's shares traded 7.3% lower at 0750 GMT, making it the worst performer on the DAX blue chip index. Finance chief Bettina Orlopp told analysts net interest income had probably peaked in the quarter and that further provisions for its mBank unit in Poland were possible. The bank said it sees "upside potential" in net interest income this year, and raised its forecast to 7 billion euros ($7.7 billion) from 6.5 billion. One of Germany's best-known banks, Commerzbank is in the middle of a major overhaul, cutting thousands of workers and hundreds of branches to save costs and lift profits. JPMorgan called the results strong but said the bank's increased guidance for net interest income was below market expectations and "would limit any upgrades" in analyst forecasts.
☆ Commerzbank doubles quarterly profit, helped by higher interest rates
  + stars: | 2023-05-17 | by ( Tom Sims Frank Siebelt | Tom Sims | Frank Siebelt | ) www.reuters.com   time to read: +1 min
FRANKFURT, May 17 (Reuters) - Germany's Commerzbank (CBKG.DE) said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. The bank said it sees "upside potential" in net interest income this year, and raised its forecast to 7 billion euros ($7.7 billion) from a previous 6.5 billion euros. Net profit of 580 million euros in the first quarter compares with a profit of 298 million euros a year earlier. Analysts had on average expected profit of 481 million euros, according to a consensus forecast published by Commerzbank. Many banks have reported increases in revenue and profit for the first quarter on the back of higher interest rates.
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