Fed is said to chastise Deutsche Bank for compliance issues

  • Deutsche Bank (NYSE:DB) received private warnings from the Federal Reserve that its compliance programs aren't robust enough and may be falling short of promises it made in past agreements, Bloomberg reports, citing people familiar with the matter.
  • A Deutsche Bank spokesman told Bloomberg's reporter that the company doesn't comment on communications with its regulators.
  • Current CEO Christian Sewing was named the bank's CEO in 2018 to overhaul Germany's largest lender after years of scandals and losses.
  • In January, the bank agreed to pay $100M for violating anti-bribery laws. Over the past 10 years, it also got caught up in the Danske Bank , 1MDB, and Libor-rigging scandals.

    For this year the company from Frankfurt could earn a total revenue around 23.92 billion euros. This is according to the average of the analysts' estimates. This is rather significant lower than 2020's revenue of 26.83 billion euros.

    Historical revenues and results Deutsche Bank plus estimates 2020

    koersdata

    The analysts expect for 2021 a net profit of 1.85 billion euros. The majority of the analysts expects for this year a profit per share of 82 cent. The price-earnings-ratio equals 15.09.

    For this year the analysts expect a dividend of 19 cents per share. Thus the dividend yield equals 1.54 percent. The average dividend yield of the banks equals an attractive2.91 percent.

    Based on the current number of shares Deutsche Bank 's market capitalization equals 25.57 billion euros. The Deutsche Bank stock was the past 12 months quite volatile. Since last June the stock is even 42 percent higher. This year the stock price moved between 7 and 13 euro.

    Historical stock prices Deutsche Bank

    stock prices deutschebank

    On Friday the stock closed at 12.37 euros.

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