No-moat UniCredit announced that it acquired 9% of no-moat Commerzbank. We estimate that UniCredit paid around EUR 1.5 billion for the stake, about 2.5% of its own market value. It seems UniCredit intends to increase its stake in the future.
After years of declining revenue but sticky costs, Deutsche is on track to improve its cost efficiency.
Strength in investment banking could rekindle ambitions to target a global top-tier spot in this business, a position which has brought DBK into disarray in the past.
|
Metric
|
DBK
|
C
|
JPM
|
|---|---|---|---|
Price/Earnings (Normalized) | 6.43 | 12.23 | 11.43 |
Price/Book Value | 0.48 | 0.62 | 1.89 |
Price/Sales | 1.11 | 1.51 | 3.60 |
Price/Cash Flow | 4.13 | 4.13 | 9.24 |
|
Metric
|
DBK
|
C
|
JPM
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
DBK
|
C
|
JPM
|
|---|---|---|---|
Return on Assets (Normalized) | 0.67% | 0.37% | 1.44% |
Return on Equity (Normalized) | 13.85% | 4.72% | 19.14% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BNP Paribas ADR
BNPQY
| Kzxssdsdx | Hbbyp | $79.9 Bil | |||
| Intesa Sanpaolo ADR
ISNPY
| Ycwqqtcm | Plq | $77.2 Bil | |||
| PNC Financial Services Group Inc
PNC
| Bvyfnyrw | Xchqkjx | $72.8 Bil | |||
| U.S. Bancorp
USB
| Sqrfqnhxc | Jcx | $71.0 Bil | |||
| Itau Unibanco Holding SA ADR
ITUB
| Ppzqpggjk | Gswt | $61.8 Bil | |||
| Truist Financial Corp
TFC
| Vvjkrfz | Jqtzw | $56.9 Bil | |||
| Mizuho Financial Group Inc ADR
MFG
| Hftrvhdyw | Rmfb | $49.2 Bil | |||
| Lloyds Banking Group PLC ADR
LYG
| Ysckcdlyd | Kdbnzn | $49.0 Bil | |||
| NatWest Group PLC ADR
NWG
| Rsxddsbm | Rqs | $38.5 Bil | |||
| Deutsche Bank AG
DB
| Jdphx | Qrvb | $33.9 Bil |
United States