Deutsche Bank `Confident' of Reaching 2008 Targets

Discussion in 'Stocks' started by ASusilovic, Sep 10, 2007.

  1. Deutsche Bank AG, Germany's biggest bank, is ``confident of delivering'' on its profit targets for next year and beyond, Chief Executive Officer Josef Ackermann told investors today, according to presentation slides.

    The bank aims to boost pretax profit, excluding one-time gains and costs, to 8.4 billion euros ($11.6 billion) next year, the Frankfurt-based company said in a presentation posted on its Web site. Deutsche Bank also aims to maintain pretax return on equity at 25 percent while raising earnings per share by at least 10 percent a year ``over the cycle,'' it said.

    Deutsche Bank may be the hardest hit among European securities firm by the fallout from rising U.S. subprime mortgage defaults, JPMorgan Chase & Co. analysts said last week, cutting earnings estimates for the bank. Ackermann said last week that financial markets are stabilizing after ``turbulent'' conditions in August crimped trading revenue.

    I like Deutsche Bank ! I have been a buyer the last couple of days and will buy more !:p
  2. Daal


    translation, management was granted a whole bunch of options and wants to cash it
  3. mokwit


    Translation: we and all the other IB's are going to pull every trick and Shennanigan in the known accounting world to make everything look as if it is nowhere as bad as it really is. Then, when the suckers come in and buy on this good news aided and abetted by liberal use of the word "overblown" and "overdone" by analyst and the media, we dump our stock on them.