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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Bank AG    DBK   DE0005140008

DEUTSCHE BANK AG

(DBK)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/22 08:28:36 am
8.941 EUR   -2.39%
07:10aCOMMERZBANK AG : Gets a Neutral rating from Deutsche Bank
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07:10aSIEMENS AG : Deutsche Bank keeps its Buy rating
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07:09aALSTRIA OFFICE : Raised to Buy by Deutsche Bank
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Deutsche Bank : Agrees to Sell Postbank Systems to Tata Consultancy Services

11/09/2020 | 07:33am EST

By Pietro Lombardi

Deutsche Bank AG has reached an agreement with Tata Consultancy Services Ltd. for the sale of its technology-services unit Postbank Systems AG.

Under the agreement, Postbank Systems and its roughly 1,500 employees will become part of Tata Consultancy Services, the German bank said Monday.

Financial details of the deal weren't disclosed.

The sale is part of a deep restructuring that the lender is undergoing, which includes cutting 18,000 jobs and exiting businesses.

The overhaul was launched last year after merger talks with Commerzbank AG failed, and recent results hint that it may be starting to pay off.

"The transaction will not affect Deutsche Bank's plans nor disrupt its schedule for modernizing its IT platform," the bank said.

The transaction is subject to regulatory and governmental approvals, as well as the finalization of further agreements between the parties that should be reached by the end of the year.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10

(END) Dow Jones Newswires

11-09-20 0732ET

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BANK AG -2.25% 8.954 Delayed Quote.2.36%
TATA CONSULTANCY SERVICES 0.89% 3303.1 Delayed Quote.14.36%
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Financials
Sales 2020 23 688 M 28 815 M 28 815 M
Net income 2020 -298 M -363 M -363 M
Net cash 2020 34 913 M 42 470 M 42 470 M
P/E ratio 2020 -65,2x
Yield 2020 -
Capitalization 18 911 M 22 966 M 23 004 M
EV / Sales 2020 -0,68x
EV / Sales 2021 -1,01x
Nbr of Employees 86 984
Free-Float 92,8%
Chart DEUTSCHE BANK AG
Duration : Period :
Deutsche Bank AG Technical Analysis Chart | DBK | DE0005140008 | MarketScreener
Technical analysis trends DEUTSCHE BANK AG
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 24
Average target price 7,78 €
Last Close Price 9,16 €
Spread / Highest target 41,9%
Spread / Average Target -15,1%
Spread / Lowest Target -56,3%
EPS Revisions
Managers and Directors
NameTitle
Christian Sewing Chief Executive Officer
Karl von Rohr President
Paul Achleitner Chairman-Supervisory Board
Frank Kuhnke Chief Operating Officer
James von Moltke Chief Financial Officer
Sector and Competitors