Wall Street analysts are negative on Deutsche Bank with only one of 32 analysts recommending a buy on the stock, as the bank faces many challenges.
Cerberus Capital Management and Hudson Executive Capital have been. They both have amassed stakes of around 3%, amounting to investments in the hundreds of millions of dollars. Significant shareholders also include the Qatari royal family and BlackRock.
"My investment is based on my belief that Deutsche Bank now has the right guy in the right job at the right time," Doug Braunstein, head of Hudson Executive Capital and former JPMorgan CFO,."Christian has a background and a reputation, and a very good one, as saying something and doing what he says and hitting what he says."
Meanwhile, Cerberus has been stepping up its involvement in the bank's operations, with the private-equity giant now acting as a paid adviser to Deutsche Bank alongside its roles as an investor and banking client. The Wall Street Journal says that Matt Zames, former JPMorgan COO and current president of Cerberus, nowand has been pushing the bank to invest its cash reserves more aggressively.
"Although management is doing all the right things in terms of what is in their control and we recognize this turnaround is difficult," said JPMorgan analyst Kian Abouhossein in a February 1 note. "The big question is on revenues in our view where it is not clear that the CIB franchise is turning around as of yet."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Ex-Fed's Dudley: Wall Street should stop blaming the central bank every time stocks dropDudley, who retired from the Fed in June 2018, said the central bank's actions have become a 'convenient whipping boy.'
Consulte Mais informação »
Wall Street Is Gushing Over Palo Alto Stock After Earnings Crushed EstimatesThe cybersecurity company crushed Wall Street profit expectations and reported fiscal second-quarter adjusted earnings per share of $1.51 versus the $1.22 consensus. It also gave sales guidance for its fiscal-third-quarter above the average analyst projection.
Consulte Mais informação »
Wall Street weekahead: U.S. stock reign may not last over other regionsU.S. stock prices are outpacing those in most other regions to start 2019, but t...
Consulte Mais informação »
Hawaiian Airlines' stock plummets as Wall Street fears the new competition from SouthwestSouthwest's launch likely means tickets to Hawaii are about to get a lot cheaper, a Wall Street analyst said.
Consulte Mais informação »
Lowe's shares dip as sales fall short of Wall Street expectationsLowe's on Wednesday delivered a mixed earnings report for the fourth quarter, sending its shares slightly lower in premarket trading.
Consulte Mais informação »
PRESENTING: The most important charts in the world from the 49 brightest minds on Wall StreetThe most sought-after minds on Wall Street share the biggest themes in markets, why they matter, and what to do about them.
Consulte Mais informação »
Wall Street steadies after Lighthizer, Powell, Cohen testimoniesThe S&P 500 closed down slightly on Wednesday but well above its session low aft...
Consulte Mais informação »
Wall Street thinks the $1 billion market CBD could explode to $16 billion by 2025In a new report, analysts at the investment bank Cowen highlight a marijuana and hemp compound called CBD as a massive opportunity for growth.
Consulte Mais informação »
Home Depot And Lowe's Disappoint Wall Street, But Home Category Should Keep Both Retailers SafeTheir numbers this week may have disappointed Wall Street, but Home Depot and Lowe's continue to outperform most of their retailing counterparts
Consulte Mais informação »