Deutsche Bank (DB) Beats the Street's Q2 Estimates, But Traders Selling
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Price: $37.82 +0.69%
Rating Summary:
5 Buy, 13 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 13 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Deutsche Bank (NYSE: DB) reported its Q2 results last night.
The European bank reported a 67% jump in quarterly net income, from €1.27 in Q208 to €1.64. On the sales front, revenue jumped 46% to €7.9 billion from €5.4 billion in the same quarter last year.
Shares of Deutsche are tumbling this morning, currently down nearly 12% to $65.15.
Also impacting the stock following the results, we have two analyst calls: UBS downgraded the stock to Neutral, while FBR Capital downgraded the stock to Market Perform.
The European bank reported a 67% jump in quarterly net income, from €1.27 in Q208 to €1.64. On the sales front, revenue jumped 46% to €7.9 billion from €5.4 billion in the same quarter last year.
Shares of Deutsche are tumbling this morning, currently down nearly 12% to $65.15.
Also impacting the stock following the results, we have two analyst calls: UBS downgraded the stock to Neutral, while FBR Capital downgraded the stock to Market Perform.
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