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    DBK   DE0005140008

DEUTSCHE BANK AG

(DBK)
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Deutsche Bank : in Talks With Tata Consultancy Services to Sell Tech-Services Business -Bloomberg

10/22/2020 | 04:09am EDT

-- Tata Consultancy Services is in advanced talks to buy Deutsche Bank's technology-services unit Postbank Systems AG, Bloomberg reports, citing unnamed sources.

--The sale of the business, which employs 1,400 people, would help the bank achieve its job-cuts target.

-- The discussions could see the Indian software company acquire the business by the end of the year, Bloomberg reports, adding that negotiations could yet fail.

--The companies didn't immediately reply to requests for comments.

Full story: https://bloom.bg/3jsOcmR

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

10-22-20 0408ET

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BANK AG -0.87% 10.916 Delayed Quote.21.98%
TATA CONSULTANCY SERVICES LTD. 0.86% 3301.2 Delayed Quote.14.33%
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Financials
Sales 2021 23 853 M 28 449 M 28 449 M
Net income 2021 1 136 M 1 355 M 1 355 M
Net cash 2021 37 867 M 45 163 M 45 163 M
P/E ratio 2021 20,7x
Yield 2021 1,15%
Capitalization 22 520 M 26 813 M 26 860 M
EV / Sales 2021 -0,64x
EV / Sales 2022 -0,95x
Nbr of Employees 84 389
Free-Float 92,8%
Chart DEUTSCHE BANK AG
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Deutsche Bank AG Technical Analysis Chart | DBK | DE0005140008 | MarketScreener
Technical analysis trends DEUTSCHE BANK AG
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 25
Last Close Price 10,92 €
Average target price 10,63 €
Spread / Average Target -2,64%
EPS Revisions
Managers and Directors
NameTitle
Christian Sewing Chief Executive Officer
Karl von Rohr President
James von Moltke Chief Financial Officer
Paul Achleitner Chairman-Supervisory Board
Bernd Leukert Chief Technology, Data & Innovation Officer
Sector and Competitors