Deutsche Bank AG (NYSE:DB) is reporting third quarter financial results on Wednesday 28th October 2020, .
According to analysts surveyed by Thomson Reuters, DB is expected to report 3Q20 loss of $ 0.01 per share from revenue of $ 6451.26 million.
For the full year, analysts anticipate top line of $ 27043.10 million, while looking forward to loss of $ 0.4 per share bottom line.
Previous Quarter Performance
Deutsche Bank AG reported loss for the second quarter of $ 0.17 per share, from the revenue of $ 6,924.00 million. According to street consensus, DB was expected to report 2Q20 loss of $ 0.06 per share from revenue of $ 7020.00 million. The bottom line results missed street analysts by $ 0.11 or 183.33 percent, at the same time, top line results fell short of analysts by $ 96 million or 1.37 percent.
Stock Performance
Shares of Deutsche Bank AG traded low $ -0.29 or -3.04 percent on Tuesday, reaching $ 9.25 with volume of 3.39 million shares. Deutsche Bank AG has traded high as $ 9.53 and has cracked $ 9.24 on the downward trend
According to the previous trading day, closing price of $ 9.25, representing a 91.18 % increase from the 52 week low of $ 4.99 and a 14.52 % decrease over the 52 week high of $ 11.16.
The company has a market capital of $ 19.00 billion and is part of the Financial Services sector and Banks – Regional – Europe industry.
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Asset Management. The CIB segment offers financial market products, such as bonds, equities and equity-linked products, exchange-traded and over-the-counter derivatives, foreign exchange, money market instruments, and structured products.
