Deutsche Bank AG (USA) (DB)

A thief stealing a bell would plug his ears so that he would not hear the noise.

You wouldn't even believe the number of bad loans I see in their portfolio... I can't even think of who is 2nd they are so far ahead from a quantity stand point

Highly leveraged bank that has billions of dollar losses yet to recognize. The bank has also a number of the lawsuits coming from the broken buyout transactions over the last year. In particular, together with Credit Suisse, DB is facing more than $20 billion Huntsman lawsuit in Texas. DB and CS's partner Apollo has already rolled over and is testifying against the banks.

Deutsche Bank, the leading German bank, is primarily involved in providing range of financial products and services. It segregates the operations into three key groups: Corporate and Investment Bank; Private Clients and Asset Management; and Corporate Investments. Corporate and Investment Bank segment is further subdivided into Corporate Banking and Securities and Global Transaction Banking, and contributes the major chunk i.e. over 60% to the over all revenues. The Private Clients and Asset Management segment, which provides asset management services to variety of clients also contribute a significant portion to the tally, and is an important driver for future growth.

The company’s core function of investment banking has a strong correlation with capital markets. As Deutsche operates internationally in most of the key markets, it is heavily influenced by global scenario. The future of the global capital market appears very exciting, as financial assets which now are worth a little over $136 trillion, are expected to cross $228 trillion by 2010, backed by higher liquidity and strong growth in emerging markets.

The German major has witnessed a phenomenal run in 2006, as net profit increased by 70%, backed by recovery in investment banking revenues and strong growth in trading income. The investment banking segment was the major driver of growth as trading, underwriting and advisory services showed healthy performance. Looking ahead, the booming capital markets and the aggressive cost reduction like over 60,000 staff reduced in 2005, will work well for the company in the long run. Adding to it, the recent acquisitions of Norisbank and Berliner Bank will aid the company to further enhance its foothold in Germany. Moreover, considering company’s lower price to earning multiple in comparison to its peers, the solid return on equity and rising margins makes Deutsch bank a sturdy investment for 2007.

DB is the second most heavily leveraged bank of the world with the most illiquid balance sheet after FBC. For instance it has not succeeded to deleverage during the last quarters, but has taken more debt to its balance sheet. It is the same for its board of directors, currently grossly oversized with 102 directors [http://investing.businessweek.com/research/stocks/people/board.asp?symbol=db]. 2009 earnings estimates are slashed recently. Anyway, such a profitability level is inconsistent with pretending to reimburse the debt load standing on the balance sheet. DB may also go bankrupt, or the EU Commission may approve credit guarantees provided by the German government liked it did on Thursday, 2 October 2008 for Hypo Real Estate Holding AG.

Year after year Deutsche has proven that they have some of the smartest heads on the street, up there with Goldman. They were smart enough to be on the right side of the entire CDS debacle, like Goldman, and they have one of the smartest trading floors out there, like Goldman. We saw Goldman's CEO speaking last week at a conference, saying the same thing as Mr. Ackermann. So i question, if Goldman stock has managed such a good run up to a PE of 30, shouldn't Deutsche be right behind?

DB to report better than expected results on March 26th

And it is trading at a PE of 5,7... Are we kiddin or what?

This is one of the largest banks in Europe

db is moving from my watch list to my buy & hold list. who cares about leverage in these times-the banks are all gonna get a little help from the little people-fool on!!!!!!!!

With the increase in track and customer service with online booking and credit Deutsche bahn has no competitors and will always be a good choice

GREAT FINANCIAL INSTITUTION THAT IS WELL DIVERSIFIED IN ALL FINANCIAL AREAS. SEEING HOW THE REAL ESTATE BUBBLE HAS POPPED, INVESTORS WILL NOW BE LOOKING TO INVEST IN OTHER AREAS. GREAT P/E VIRTUALLY ELIMINATES THE RISK CONSIDERING THE SIZE AND HISTORY OF DEUTSCHE BANK.

If the interest rate rises, credit card holder may get hit.

One of the better financials, strong showing in Germany

trying a couple experiments, which hopefully wont mess up my whole portfolio. trying to follow the downtrend.

just banking that it'll be significantly higher by next year.

With little debt, only 14% of TE exposure to CDs and raking in huge numbers of clients from the current crises, DB will emerge as a leading bank after the current turmoil passes.

This big bank will do well when the financials turn around

Large (relatively stable) European bank, seems good value at less than $90. Plus decent dividend.

Actually had decent management and investments but will get pulled down but sellers needing cash just to fill up their gas tanks...Nuff said.

good bank