Will Deutsche Bank AG (USA) (NYSE:DB)'s Plans To Restructure Yield Results?

Will Deutsche Bank AG (USA) (NYSE:DB)'s Plans To Restructure Yield Results?

Will Deutsche Bank AG (USA) (NYSE:DB)'s Plans To Restructure Yield Results?

Deutsche Bank plans to issue a prospectus for the share sale on March 20th, subject to regulatory approval, and existing shareholders can subscribe to the offering until April 6th, according to the statement.

Deutsche Bank AG's consensus price target is around $17.22 a share.

Germany's largest lender also said it would sell assets and float a stake in its asset management business on the stock exchange to earn an extra €2 billion. As part of it, the company indicated its intention to raise capital of Euros 8 billion hoping to bring back investors' confidence.

One of the main reasons why Deutsche planned to overhaul its structure is the net loss of €1.4 billion over the past year.

At Citigroup, analysts kept a "sell" and "high risk" rating on Deutsche Bank "given the low return profile and significant strategic execution risks".

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"A strong capital base is essential if we're to succeed in charting this strategy", Cryan said. Deutsche Bank's price-to-book ratio is already among the lowest of big banks in its peer group-that is, investors believe the bank's assets are worth far less than what Deutsche Bank values them on its balance sheet. Bank of New York Mellon Corp now owns 8,027,115 shares of the company's stock valued at $105,075,000 after buying an additional 127,814 shares during the period. The division had 774 billion euros of customer resources toward the finish of 2016.

The new Private & Commercial Bank will prospectively be led by Christian Sewing and Frank Strauss; Deutsche Asset Management will continue to be led by Nicolas Moreau; Marcus Schenck is planned to join Garth Ritchie in leading the new Corporate & Investment Bank in the course of the year. It expects €2 billion of severance and restructuring costs, most of which will come over the next two years.

ArcelorMittal (MT) recently recorded 0.34 percent change and now at $8.9 is 129.38 percent away from its 52-week low and down -5.02 percent versus its peak.

The bank has also abandoned plans to sell its German retail bank, Postbank, and will instead integrate it into the rest of its retail banking business.

Though it is not the first that the bank is raising money as it raised three times since 2010, reports suggested that investors see the move as ending the company's financial strength. The bank will recombine its investment banking and corporate banking units after announcing a split of the two in 2015.