Deutsche Bank hires five wealth managers from UBS to expand private banking

  • Deutsche Bank (DB) hires a team of five senior wealth managers from UBS ( UBS ), as it seeks to expand its Swiss-based private banking business for wealthy British and Northern European customers.
  • Raoul Zehnder will lead the team, which serves ultra-wealthy customers and family offices that manage their wealth, according to statement made by Deutsche Bank .
  • Zehnder will start his role on Oct. 1, joined by senior relationship managers Patrik Minuscoli and Michael von Mecklenburg, senior investment manager Philipp Portenier, and account manager Vincent Weisse.

    Over the current book year the total revenue from the company in Frankfurt will be 24.1 billion euros (consensus estimates). This is quite lower than 2021's revenue of 26.83 billion euros.

    Historical revenues and results Deutsche Bank plus estimates 2021

    financiële analyse

    The analysts expect for 2021 a net profit of 2.08 billion euros. For this year most of the analysts expect a profit per share of 88 cent. The price-earnings-ratio equals 11.44.

    For this year the analysts expect a dividend of 20 cents per share. Thus the dividend yield equals 1.99 percent. The average dividend yield of the banks equals a relatively high 2.91 percent.

    Recent target prices around 12 euros

    The most recent recommendations for the bank are from RBC Capital Markets, HSBC and JP Morgan.

    Deutsche Bank 's market capitalization is based on the number of outstanding shares around 20.81 billion euros. 11

    Historical stock prices Deutsche Bank period 2007-2021

    historical stocks deutschebank

    At 17.35 the stock trades 1.92 percent higher at 10.07 euros.

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