Deutsche Bank expects loss after U.S. tax law

Serious Fraud Office Probe Deutsche Bank Over Securities Sales

While Wall Street banks struggled with calm conditions before the fourth quarter, analysts had expected Deutsche Bank's trading revenue to rebound from a year earlier, when fears about its financial strength had prompted a trading slump.

Shares of Deutsche Bank (DB) opened at $19.33 on Wednesday. 4,234,900 shares of the company's stock were exchanged, compared to its average volume of 3,271,150. The Manufacturers Life Insurance Company acquired a new stake in shares of Deutsche Bank during the second quarter worth about $27,950,000.

The bank's announcement took investors by surprise and its shares fell sharply, closing 5.2 per cent down.


Deutsche Bank (DBK) traded down €0.16 ($0.19) during mid-day trading on Friday, reaching €16.64 ($19.81). LMR Partners LLP increased its stake in shares of Deutsche Bank by 1,028.6% during the third quarter. Finally, UBS Group set a €17.20 ($20.48) price target on shares of Deutsche Bank and gave the stock a neutral rating in a report on Monday, September 25th. Keefe, Bruyette & Woods raised Deutsche Bank from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 12th. raised Deutsche Bank from a "reduce" rating to a "hold" rating and set a $14.00 price objective on the stock in a report on Thursday, September 21st. Citigroup reissued a "sell" rating on shares of Deutsche Bank in a report on Tuesday, December 19th. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company.

While Deutsche Bank will require additional detailed analysis in order to assess its impact, and further interpretive guidance and clarifications are anticipated, Deutsche Bank does not now anticipate any significant long-term impact from the U.S. Base Erosion and Anti-Abuse Tax or BEAT on its tax rate. About 3.21 million shares traded. Commerzbank Aktiengesellschaft who had been investing in Deutsche Bank Ag for a number of months, seems to be bullish on the $40.77 billion market cap company. The Company's Corporate & Investment Banking segment provides commercial banking, mergers and acquisitions, debt and equity advisory and origination, and cash management services; trade finance services comprising global trade services and products, structured trade solutions, and technology; and securities services, including trust, payment, administration, and related services for selected securities and financial transactions, as well as domestic securities custody services.

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