LONDON, February 26, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free post-earnings analysis on Deutsche Bank A.G. (NYSE: DB). On January 29, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Deutsche%20Bank&d=26-Feb-2015&s=DB to read our free earnings review on Deutsche Bank AG (Deutsche Bank). ). During Q4 FY14, the company's net revenues increased 19% Y-o-Y largely reflecting higher revenues in Corporate Banking &Securities, where Deutsche Bank gained further market share across Fixed Income and Corporate Finance during FY14. Additionally, the company's noninterest expenses were down 5% Y-o-Y. Co-CEOs at Deutsche Bank, Jürgen Fitschen and Anshu Jain, said that for the first time ever, each of the company's four core business divisions delivered more than €1 billion in pretax profits.
Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Deutsche%20Bank&d=26-Feb-2015&s=DB
Earnings Overview
During Q4 FY14, Deutsche Bank's net revenues stood at €7.83 billion compared to €6.56 billion in Q4 FY13. The company's Q4 FY14 net revenues outperformed Bloomberg analysts' forecast of €7.31 billion. The company's total noninterest expenses decreased to €7.21 billion in Q4 FY14 from €7.61 billion in Q4 FY13. Deutsche Bank's cost/income ratio decreased to 92% in Q4 FY14 from 116% in Q4 FY13. Additionally, the bank's adjusted cost base was up 7% to €6.01 billion in Q4 FY14 compared to €5.60 billion in Q4 FY13. Free research on DB can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Deutsche%20Bank&d=26-Feb-2015&s=DB
For Q4 FY14, Deutsche Bank's net income came in at €441 million compared to a net loss of €1.37 billion in Q4 FY13. Bloomberg analysts estimated net loss of €341.33 million in Q4 FY14. Moreover, during Q4 FY14, the company's income before income taxes (IBIT) was €253 million compared to loss before income taxes of €1.77 billion in Q4 FY13. Furthermore, the company provided post-tax return on average active equity (ROE) of 2.6% in Q4 FY14 compared with negative post-tax ROE of (9.8)% in Q4 FY13.
Mr. Fitschen and Mr. Jain informed that in Q4 FY14, the company surpassed €1 trillion in assets under management in Deutsche Asset & Wealth Management.
For FY14, Deutsche Bank's net revenues were €31.95 billion compared to €31.92 billion in FY13. The company's FY14 net revenues outperformed Bloomberg analysts' forecast of €31.44 billion. The company's total noninterest expenses shrunk to €27.70 billion in FY14 from €28.39 billion in FY13. Deutsche Bank's cost/income ratio stood at 87% in FY14 compared to 89% in FY13. Furthermore, the bank's adjusted cost base was up 3% to €23.77 billion in FY14 from €23.15 billion in FY13. Sign up and read the free analyst's notes on DB at:
http://get.Investor-Edge.com/pdf/?c=Deutsche%20Bank&d=26-Feb-2015&s=DB
In FY14, Deutsche Bank's net income increased to €1.69 billion from €681 million in FY13. Bloomberg analysts estimated net income for FY14 at €1.33 billion. Moreover, the company's FY14 IBIT was €3.12 billion compared to IBIT of €1.46 billion in FY13. The company post-tax ROE came in at 2.7% for FY14 compared to 1.2% in FY13.
Stock Performance
On the day of the earnings release, January 29, 2015, Deutsche Bank's stock surged 5.37% to end the session at $29.43. Since then, the stock has mostly witnessed a positive momentum. However, on the last close, Wednesday, February 25, 2015, the company's shares finished 0.87% lower at $32.86 after vacillating between $32.71 and $32.98. A total of 1.52 million shares were traded which was below its three months average volume of 2.31 million shares. Over the past one year, the company's shares have lost 28.73%. However, the stock has gained 12.30% over the last one month and 1.11% in the previous three months. Shares in Deutsche Bank are trading above their 50-day moving average of $30.31. Additionally, the stock has a Relative Strength Index (RSI) of 64.09. Visit Investor-Edge and access the latest research on DB at:
http://get.Investor-Edge.com/pdf/?c=Deutsche%20Bank&d=26-Feb-2015&s=DB
Sneak Peek to Corporate Insider Trading
In the last one month, Deutsche Bank has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on DB is available at:
http://get.Investor-Edge.com/pdf/?c=Deutsche%20Bank&d=26-Feb-2015&s=DB
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