44 minutes ago
Deutsche Bank’s profits significantly exceed expectations
The illustration shows the logo of Deutsche Bank Brussels on Saturday, March 25, 2023.
Nicolas Maeterlinck | Nicolas Maeterlinck AFP | Getty Images
Deutsche Bank reported fourth-quarter net profit of 1.3 billion euros ($1.4 billion), much higher than expected.
This was down about 30% compared to the same period last year, but significantly exceeded analysts’ expectations of 785.61 million euros.
The bank also announced plans to increase share buybacks and dividends by 50%, returning 1.6 billion euros to shareholders.
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Deutsche Bank stock price.
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— Elliott Smith
5 hours ago
CNBC Pro: Jefferies names ‘highest conviction’ stocks to buy – one with 118% upside potential
Investment bank Jefferies has announced its top stocks related to key themes such as innovation, new products and emerging markets.
Chinese e-commerce giants, semiconductor stocks, European banks, insurance giants and medical equipment makers are among the investment bank’s “top picks,” with one stock expected to rise 118% over the next 12 months. ing.
CNBC Pro subscribers can read more here.
— Ganesh Rao
5 hours ago
CNBC Pro: Want to make money from the weight loss drug boom? Morgan Stanley names four stocks in the world
Drug makers such as Eli Lilly and Novo Nordisk have been popular stocks with investors over the past year due to the popularity of their weight-loss drugs.
“The uptake of AOMs (anti-obesity drugs) in the GLP-1 (glucagon-like peptide-1) class is unexpected, especially in the United States, which is pushing weight-centered goals into treatment guidelines,” Morgan Stanley analysts said. It’s doing well,” he said. I got it.
However, the drug’s impact on Asia is “less clear”, the investment bank said as it listed several opportunities and top stocks that play this theme in the region.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
2 hours ago
European Market: Click here for opening call
European markets are set to open at Thursday’s lows.
According to IG data, the UK’s FTSE 100 index is expected to open 23 points higher at 7,619, Germany’s DAX is expected to drop 42 points to 16,850, France’s CAC is down 12 points to 7,642 and Italy’s FTSE MIB is expected to drop 16 points to open at 30,856.
Proceeds are expected to come from Shell, Deutsche Bank, ABB, Roche, Julius Baer, Sanofi and BNP Paribas.
Flash Eurozone inflation statistics for January are also due to be released on Thursday, and markets will be looking for the latest indicators on developments in consumer prices.
— Holly Ellyatt
