indexes in this article
New hurdles / Commentary on Deutsche Bank by Bernd Neubacher
Frankfurt (ots) – The unexpected often happens: hardly does it become apparent that the German
Bank gets the curve with its large-scale restructuring, because new ones pile up
hurdles up. So far, if the Board of Management has mainly had to solve home-grown problems,
he now faces external adversity. That this far more difficult
are to be dealt with as overdue corrections in the business model
Capital market apparently well aware. Given the war in Ukraine,
its imponderable consequences, a galloping inflation and disturbed
Supply chains are on edge to some extent. On Wednesday there were one
Loan loss provisions slightly above consensus and an unexpectedly high one
Reason enough to move the share to the bottom of the performance table in the Dax
put.
That investment bank earnings after a jump in exceptional starting quarter
increased again in 2021 – given. That the pre-tax profit of
Corporate bank despite strong increase in loan loss provisions by a quarter
dressed – it doesn’t matter. That the Commerzbank course is increasing while
Smear Deutsche Bank title – explainable with that of the yellow bank
Tuesday evening early publication of quarterly figures that meet the consensus
farther behind than Deutsche Bank, but not with that
Russia exposure, which in Commerzbank at 1.3 billion net is 2.6 times the
inventory in the blue institute.
Apparently, investors have doubts about how this will play out
“Global house bank” apostrophized institute will actually hit if about
a Russian gas supply stop, as it is already affecting Poland and Bulgaria, its
home market into recession while outside the
globalization is reversed. Better than competitors abroad, could
you mean. After all, no other country has the cornucopia during the pandemic
public aid distributed so generously as the Federal Republic, what
now seems to be repeating itself. The country’s largest bank would not fall
calmly.
Beyond such extreme scenarios, the first quarter has shown how quickly a
stubbornly persistent personnel cost block limited the scope for earnings.
In any case, if the situation escalates, it would be quick and easy for those from the bank to come in
Promised billion-dollar distributions. that they
In case of doubt, remuneration claims of the employees take precedence over the interests of the employees
Shareholders are there, the shareholders have been aware of that in recent years
have to get used to.
(Börsen-Zeitung, April 28, 2022)
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OTS: Börsen-Zeitung