Deutsche Bank AG (DB) Sector
Financials

(Current) $13.67
0.08 (0.59%) Open Price: 13.59

 

Deutsche Bank AG is a global banking and financial services company headquartered in Frankfurt, Germany. It was founded in 1870 by a group of German businessmen and has since grown to become one of the largest banks in the world. The company offers a wide range of financial products and services to individuals, corporations, and governments around the world.

 

Deutsche Bank's business activities are organized into four main business divisions: Corporate Bank, Investment Bank, Private Bank, and Asset Management. The Corporate Bank division offers financing, cash management, trade finance, and transaction banking services to corporate clients. The Investment Bank division provides advisory and financing services to clients in the capital markets. The Private Bank division offers wealth management services to high-net-worth individuals and families. The Asset Management division manages investments on behalf of institutional clients and individual investors.

 

Deutsche Bank went public in 2002, listing its shares on the Frankfurt Stock Exchange and the New York Stock Exchange. The company's stock is also traded on several other exchanges around the world. In recent years, Deutsche Bank has faced a number of challenges related to its financial performance and regulatory compliance.

 

Deutsche Bank's financial results have been mixed in recent years. In 2021, the company reported revenue of €24.5 billion and a net income of €1.3 billion. However, the company has also reported significant losses in some recent years, due in part to legal settlements and fines related to its involvement in various financial scandals.

 

Deutsche Bank has recently announced a major restructuring plan aimed at improving its financial performance and streamlining its operations. The plan includes the closure of some of its branches, a reduction in its workforce, and a shift in focus towards its core businesses. The company has also pledged to improve its compliance and risk management practices, in order to avoid future regulatory problems.

 



 

(03/01/24) $13.59
(03/04/24) $13.59
(03/04/24) (Qty.)1,197,892
(03/01/24) $13.43
(03/01/24) $13.63
(03/19/23) $8.85
(01/07/24) $14.02
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