Latest news with #DB
CNBC
2 days ago
- Business
- CNBC
A bank stock climbing out of a two-decade-long hole has further to run, according to the charts
European banks have seen strong performance, with the STOXX Europe 600 Banks Index gaining 41% year-to-date, outpacing the broad-based STOXX Europe 600 Index by 30%. This year's gains have resulted in a multi-year trading range breakout for the iShares MSCI European Financials ETF (EUFN) , which we see as a long-term tailwind suggesting banks should be a continued source of outperformance in Europe. In February, EUFN was able to decisively clear its 2011, 2014, and 2018 highs in a bullish secular shift. The monthly MACD is positive and expanding to the upside, unaffected by the decline into the April low and V-shaped recovery. One European financial stock with a long-term bullish turnaround underway is Deutsche Bank AG (DB) . DB reversed an 18-year downtrend last year, suggesting the stock is now in the early stages of a secular uptrend. The secular shift is evident in the slope of the monthly cloud model, which points higher looking out to mid-2027. There is no major resistance on the chart until approximately $52, defined by former peaks going back to 2012, as a long-term objective. DB is in a cyclical uptrend off the 2022 low with strong upside momentum, evident in the rising 20-, 35-, and 50-week moving averages. Relative to the STOXX 600, DB continues to stair step higher, reflecting upside leadership in the European market. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. This material is for illustration and discussion purposes and not intended to be, nor construed as, financial, legal, tax or investment advice. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, reflecting the author's current expectations, and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on broad-based indices, market conditions, different types of securities, and cryptocurrencies, using the discipline of technical analysis, which evaluates the demand and supply based on market pricing. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This document is intended for CNBC Pro subscribers only and is not for distribution to the general public. 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Observer
3 days ago
- Business
- Observer
Development Bank loan approvals rise 13% to RO 110 million in H1 2025
BUSINESS REPORTER MUSCAT, JULY 27 Development Bank has approved 3,716 loans worth RO 110 million ($286 million) during the first six months of 2025, marking a 13% increase compared to the same period last year. This growth reflects the bank's commitment to supporting Oman Vision 2040 by promoting economic diversification and strengthening the private sector across the country. 'The loans and programs we provide contribute substantial added value to our national economy,' said Hamad al Harthi, MSME Chief & Portfolio Management, Development Bank. 'We're helping meet food security requirements, reduce reliance on imports and encourage entrepreneurs to pursue new opportunities.' The bank's success stems from its tailored approach that recognizes the unique needs of businesses at different stages of development. 'We craft solutions that align with their business strategies,' Al Harthi explained, enabling both start-ups and established companies to grow and expand their operations. Building on this comprehensive strategy, H1 financing was distributed across key economic sectors that drive national development. Manufacturing received the largest allocation at RO 38 million ($99 million) reflecting the sector's important role in reducing import dependence. General professional services attracted RO 19 million ($49 million) while traditional sectors also saw strong support with fisheries receiving RO 14 million ($36 million), agriculture RO9 million ($23 million) and mining RO8 million ($21 million). This sector-focused approach was matched by broad geographical reach across Oman. Muscat Governorate received RO 25 million ($65 million) while regional development was supported through considerable allocations to North Al Batinah at RO18 million ($47 million) and South Al Sharqiyah at RO 14 million ($36 million). South Al Batinah received RO 11 million ($29 million) and Al Wusta Governorate RO8 million ($21 million) ensuring development opportunities reach communities nationwide. The increased lending demonstrates the bank's commitment to supporting businesses of all sizes, from start-ups and SMEs to large corporates. This approach enables entrepreneurs to implement projects across growth-driving sectors while maximizing local value creation and contributing to Oman's strategic economic goals. As part of a broader ecosystem of government organizations aligned with Oman Vision 2040, Development Bank continues to provide support and incentives to strengthen national industries and promote in-country value. 'Our shared goal is sustainable and inclusive progress,' Al Harthi concluded. 'We're proud that our support is helping ambitious, growing companies fulfill their potential while driving economic transformation.' Development Bank (DB) is a key enabler of economic growth, providing innovative financing solutions to support Oman's Vision 2040 and the transition to a diversified, sustainable economy. DB offers tailored financial products and services to a wide range of sectors, including agriculture, fisheries, tourism, manufacturing, renewable energy, health, education and logistics, focusing on projects that drive in-country value and job creation. Caption: H1 financing was distributed across key economic sectors that drive national development.
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First Post
5 days ago
- Politics
- First Post
Bangladesh jails former chief justice Khairul Haque for murder during anti-Hasina protests
Former Chief Justice of Bangladesh ABM Khairul Haque was jailed in connection with a murder case that occurred during the July uprising that toppled the Sheikh Hasina government. Haque did not have a defence lawyer during the trial read more Former Chief Justice of Bangladesh ABM Khairul Haque jailed after being named in murder case linked to last year's uprising against Hasina. X A Dhaka court on Thursday ordered the imprisonment of former Chief Justice of Bangladesh ABM Khairul Haque in connection with a murder case that happened during the anti-government protests in July last year. The case involves a teenager named Abdul Kaiyum Ahad, who was shot dead during the July uprising, which eventually toppled the government of former Bangladesh Prime Minister Sheikh Hasina. According to Bangladeshi news outlet The Dhaka Tribune, the order of imprisonment was issued by Dhaka's Additional Chief Metropolitan Magistrate Md Sanaullah following a hearing held on Thursday night. Earlier that evening at 7:45 pm (local time), Jatrabari police station Inspector Khaled Hasan, who is investigating the case, brought Khairul to court. The authorities submitted the petition for the detention of the former Bangladeshi chief justice. STORY CONTINUES BELOW THIS AD Khairul was eventually presented before the court under tight police control at approximately 8:15 pm (local time). The prosecution alleged that Abdul Kaiyum, son of plaintiff Md Alauddin, was shot in the face and chest by the accused during a protest and collapsed near the Kajla police box. They noted that several other protesters were also killed in the incident. What are the accusations against the ex-Bangladeshi Chief Justice? The prosecution went on to claim that Khairul, during his tenure as Chief Justice from May 1, 2011, committed a criminal breach of trust and acts of sedition by misusing his judicial authority. The 81-year-old was also accused of delivering forged and fraudulent verdicts. The petition also mentioned that multiple cases against him remain pending in various police stations across the country. The prosecution also cited concerns that Khairul might use his past influence to disrupt the ongoing investigation and requested that he be held in custody until the trial is complete. While the court granted the plea, what was concerning was the fact that no defence lawyer was present at the hearing to represent Khairul. Meanwhile, news of his trial also triggered demonstrations outside the courtroom. Several pro-BNP lawyers and citizens gathered at the premises, chanting slogans and expressing anger toward the former top judge. The former chief justice was arrested by the Detective Branch (DB) of Dhaka Metropolitan Police from his Dhanmondi residence on Thursday afternoon, The Dhaka Tribune reported. As per the court document, Abdul Kaiyum Ahad was fatally shot on July 18, 2024, during the Anti-Discrimination Student Movement in front of the Kajla police box in Jatrabari. He was allegedly shot dead by Abul Hasan, officer-in-charge of Jatrabari police station, who fired multiple shots into both of the boy's legs, causing his death on the spot. It is pertinent to note that ABM Khairul Haque served as the 19th Chief Justice of Bangladesh, assuming the role back in 2010. He retired the following year, having reached the mandatory retirement age of 67. STORY CONTINUES BELOW THIS AD Interestingly, it was Khairul who delivered the landmark verdict of abolishing the caretaker government system. While serving the High Court Division, Khairul also ruled over the assassination case of Bangabandhu Mujibur Rehman and the case concerning the Fifth Amendment to the Constitution.
USA Today
6 days ago
- Sport
- USA Today
New Steelers CB Jalen Ramsey already taking reps at safety at training camp
New #Steelers DB Jalen Ramsey is working with the safeties with the DB groups split on day one. Thursday was the first practice of Pittsburgh Steelers' training camp. The Steelers have a ton of new faces this camp, more so than any other time during head coach Mike Tomlin's tenure with the Steelers. One of those new faces is cornerback Jalen Ramsey. One of the reasons Pittsburgh acquired the All-Pro is the level of position versatility he offers and it only took one practice for the Steelers to put that to the test. Ramsey started the practice with the cornerbacks, as you can see from the video below, where Ramsey was also working drills with the safety group. Tomlin said in his training camp press conference that he plans to have Ramsey, Darius Slay, and Joey Porter Jr. on the field all the time, regardless of personnel grouping. It would stand to reason that someone is going to be a de facto safety, and among the three, Ramsey is best suited for the position. The need for a new safety stems from the trade that brought Ramsey. Pittsburgh traded All-Pro safety Minkah Fitzpatrick to the Miami Dolphins in exchange for Ramsey and tight end Jonnu Smith.
Yahoo
6 days ago
- Business
- Yahoo
Deutsche Bank Q2 Earnings Coming Up: What's in the Cards?
Deutsche Bank DB is scheduled to announce second-quarter 2025 results on July 24. The company's quarterly revenues and earnings are expected to have increased on a year-over-year the last reported quarter, DB's results were aided by higher revenues and lower expenses. However, a rise in provision for credit losses was a spoilsport. Deutsche Bank Aktiengesellschaft Price and EPS Surprise Deutsche Bank Aktiengesellschaft price-eps-surprise | Deutsche Bank Aktiengesellschaft Quote The consensus estimate for the company's earnings is pegged at 78 cents per share, which has remained unchanged in the past seven days. This indicates a jump of 290.2% from the year-ago quarter's reported consensus estimate for sales is pegged at $8.82 billion, implying a 12.1% rise. Major Factors Expected to Impact DB's Q2 Results NII: In the second quarter of 2025, average interest rates were relatively higher, resulting in higher deposit margins. Given this, NII is likely to have risen for Deutsche Bank in the quarter to be overall lending activity improved across regions in the second quarter of 2025. This is likely to have aided DB's loan growth in the Income: Global mergers and acquisitions (M&A) in the second quarter of 2025 were impressive than previously expected. Markets plunged in early April after Trump announced sweeping tariffs, rattling business confidence. But as trade demands eased and policy direction became clearer, deal-making activities resumed in the last month of the quarter. Hence, growth in Deutsche Bank's IB revenues is expected to have been decent in the quarter. In the second quarter, the increased uncertainty resulted in lower market levels. This is likely to have impacted asset under management and asset management fees for DB. Expenses: Higher personnel expenses, employee benefits, and litigation costs related to the Postbank takeover are expected to have kept the expense base elevated in the second quarter. What the Zacks Model Unveils for DB Our quantitative model does not conclusively predict an earnings beat for DB. This is because it lacks the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or can uncover the best stocks to buy or sell before they're reported with our Earnings ESP ESP: The Earnings ESP for DB is 0.00%.Zacks Rank: The company currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Foreign Banks Worth Considering Here are a couple of foreign bank stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time:The Earnings ESP for Banco de Chile BCH is +0.52% and it carries a Zacks Rank #2 (Buy) at present. The company is slated to report second-quarter 2025 results on July 31. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Over the past week, the Zacks Consensus Estimate for BCH's quarterly earnings has remained unchanged at 64 cents per Imperial Bank of Commerce CM is scheduled to release third-quarter fiscal 2025 numbers on Aug 28. The company has an Earnings ESP of +3.76% and carries a Zacks Rank #2 at earnings estimates for CM have remained unchanged at $1.40 per share over the past month. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report Banco De Chile (BCH) : Free Stock Analysis Report Canadian Imperial Bank of Commerce (CM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
