- Ford Shares Plunge, While GM Hits 76-Year Low
- New Workers Paid Less as Jobs Remain Scarce
- With TARP 'a Negative,' Banks Rush to Raise Capital
- Stocks to Climb Slowly; S&P at 1,050 in Year: Cohen
- Highest State Foreclosure Rates
- Market On Precipice, But Will It Tumble?
- Intel Sings an Optimistic Tune at Analyst Meeting
- Applied Materials Reports Loss as Sales Plunge
- Homeowners Turn to Renting, Waiting for Recovery
- Lightning Round OT: IBM, Chesapeake and more!
- Lightning Round: MBIA, Verizon and more!
- Off The Charts: Goldman Sachs
- Does Your Portfolio Need Some Miracle-Gro?
- Betting on Underdogs and Intraday Pullbacks
- Your First Move For Wednesday May 13th
- Wednesday's Fast & Furious Trades
- Market On Precipice, Will It Tumble?
- Web Extra: Insider Alert!
Text Size 
Deutsche Bank saw revenue from debt trading and sales climb almost three-fold to 3.8 billion euros ($5 billion), fuelling a jump in net profit, a bumper result despite the worst recession in a generation.
 |
The result was better than analysts' predictions, which were less than 800 million euros on average.
Nonetheless, there were further signs of the scars of market auctions as the bank announced that it had further writedowns of 1 billion euros, primarily against monoline insurers.
Investors value Deutsche Bank stock at a discount to its two big European investment banking rivals, UBS and Credit Suisse.
Deutsche's stock trades on a multiple of 10 times forecast future earnings, according to StarMine, trailing Credit Suisse's almost 15 times or UBS's more than 12 times.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes