DB

Hewlett Packard Enterprise (NYSE:HPE) shares rose 4.7% to $53.28 in premarket trading on Wednesday ahead of the company’s fiscal third-quarter 2026 earnings report, scheduled for release after the market close. The stock had closed the previous session at $50.87. The move also followed recent analyst actions and quarterly results from Dell, another company with exposure to AI infrastructure. Major U.S. equity benchmarks were trading modestly lower in premarket trading, according to the supplied information. Deutsche Bank initiated coverage of Hewlett Packard Enterprise with a Buy rating and a $62 price target on September 1. Bank of America separately increased its price target on HPE to $82 from $80, citing the company’s position in AI infrastructure. The ratings and price targets represent the respective analysts’ assessments and are not established future share prices. Consensus estimates cited in the supplied information indicate that Hewlett Packard Enterprise is expected to report approximately 32% year-over-year revenue growth for the fiscal third quarter. Analysts also expect earnings per share to more than double compared with the corresponding period a year earlier. HPE has reported earnings per share above consensus estimates in each of its previous four quarters, with an average difference of approximately 16%, according to the supplied information. Previous results do not indicate whether the company will exceed expectations in its upcoming report. Hewlett Packard Enterprise’s AI server backlog stands at $6.3 billion, with approximately two-thirds associated with enterprise and sovereign deployments, according to the supplied information. The backlog provides an indication of contracted or expected demand but does not by itself determine the timing or amount of future revenue recognition. Broadcom is also scheduled to report results on Wednesday, placing additional investor attention on companies with exposure to AI infrastructure. Hewlett Packard Enterprise’s fiscal third-quarter report will provide an update on the company’s financial performance and its AI infrastructure operations. The 4.7% premarket increase comes ahead of those results and after recent analyst actions. However, the extent to which individual factors, including analyst ratings, expectations for the earnings report or results from other technology companies, contributed to the share-price move cannot be established from the supplied information. Hewlett Packard Enterprise stock price

A month has gone by since the last earnings report for Deutsche Bank (DB). Shares have added about 8.2% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Deutsche Bank due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Deutsche Bank reported second-quarter 2026 earnings attributable to its shareholders of €1.64 billion ($1.87 billion), up 10.5% year over year. This Germany-based lender reported a profit before tax of €2.68 billion ($3.05 billion), up 10.7% from the year-ago quarter. Increased revenues across all four business segments aided results. However, higher non-interest expenses and provisions for credit losses were headwinds. Revenues & Expenses The bank generated net revenues of €8.48 billion ($9.65 billion), up 8.7% year over year. Non-interest expenses of €5.34 billion ($6.07 billion) increased 7.7% from the prior-year quarter. The rise reflected higher fixed-pay and performance-related compensation, continued franchise investments, the impact of the announced sale of the Private Bank’s India franchise and the non-recurrence of litigation-related releases in the prior-year quarter. Provision for credit losses was €460 million ($523.3 million), up 8.7% from the prior-year quarter. Segmental Performance Corporate Bank: Net revenues from the segment were €1.91 billion ($2.17 billion), up 1% year over year. Growth in net interest income and commission and fee income supported results. Investment Bank: This segment’s net revenues totaled €3.19 billion ($3.62 billion), which increased 18.5% year over year. The upside was driven by record Fixed Income & Currencies revenues and 36% growth in Investment Banking & Capital Markets revenues. Private Bank: Net revenues of €2.57 billion ($2.92 billion) rose 8.2% year over year. The increase reflected higher deposit and investment product revenues. Asset Management: Net revenues of €756 million ($860 million) rose 4.3% year over year. A 13% increase in management fees, supported by higher average assets under management, aided results. Corporate & Other: The segment reported net revenues of €65 million ($73.9 million), down 48% from the prior-year quarter. Capital Position The company’s Common Equity Tier 1 capital ratio was 13.9% as of June 30, 2026, down from 14.2% in the year-ago quarter. The leverage ratio was 4.5%, down from the year-ago quarter’s 4.7%. 2026 Deutsche Bank expects full-year revenues of around €33 billion. This is supported by banking book net interest income increasing to around €14 billion and continued growth in net commission and fee income. Management expects noninterest expenses to increase to slightly above €21 billion in 2026. This includes approximately €900 million of incremental investments to support growth initiatives and efficiency measures. Provision for credit losses is expected to trend moderately downward in 2026 compared with 2025, moving closer to an average run rate of around 30 basis points through 2028. Post-tax Return on tangible equity is expected to improve further as part of the next phase of execution, with annual operating performance improvements. Management expects to increase the payout ratio to 60% beginning in 2026. Dividend per share is expected to grow modestly on a continuous basis, complemented by share buybacks. The CET1 capital ratio is expected to remain within the 13.5%–14.0% operating range. If the ratio sustainably exceeds this range, management may deploy additional capital through distributions, subject to regulatory approval. Medium-Term Outlook (2028) Deutsche Bank expects a post-tax Return on Tangible Equity of greater than 13% by 2028. Management expects the cost/income ratio to decline to below 60% by 2028. The bank targets a Group revenue CAGR of greater than 5% between 2025 and 2028. The CET1 capital ratio operating range is expected to remain at 13.5%–14.0%. The payout ratio is targeted at 60%, subject to capital position and regulatory approval. In the past month, investors have witnessed a downward trend in estimates review. The consensus estimate has shifted -8.7% due to these changes. At this time, Deutsche Bank has a poor Growth Score of F, a score with the same score on the momentum front. However, the stock was allocated a score of B on the value side, putting it in the top 40% for value investors. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Deutsche Bank has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. 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 This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Price targets for Bloomin' Brands have shifted from levels near $8 to around $12, reflecting a meaningful reset in how analysts are framing the stock. Recent commentary describes a more constructive but still cautious stance, with higher targets linked to the latest quarterly results, updated guidance, and early signs from the Outback U.S. turnaround. As you read on, you will see how these changing targets and mixed views shape the current narrative and what to watch as it evolves. Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Bloomin' Brands. Morgan Stanley, Citi, Deutsche Bank and Piper Sandler all raised price targets on Bloomin' Brands into a US$11 to US$12.75 range, which signals increased confidence in the current valuation framework after the latest results. Both Morgan Stanley and Deutsche Bank described the recent quarter as strong within casual dining, with Morgan Stanley pointing to results that beat modest expectations and supported an ongoing cycle of estimate revisions. Piper Sandler highlighted same store sales that came in above guidance, and pointed to management commentary on the Outback U.S. turnaround as relatively constructive, which supports the view that operational execution is improving. Morgan Stanley kept an Equal Weight rating, Citi and Piper Sandler stayed Neutral and Deutsche Bank kept a Hold, which shows that despite the higher targets, the overall stance on Bloomin' Brands remains cautious rather than outright positive. Piper Sandler flagged that reported traffic at Outback U.S. is still soft and Deutsche Bank described the turnaround as in the early innings, which leaves execution risk around guest traffic and longer term growth plans. Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives! We've flagged 4 risks for Bloomin' Brands. See which could impact your investment. Fair value moved from about US$8.63 to roughly US$11.32 per share. Revenue growth assumption shifted from about 1.32% to roughly 1.38%. Net profit margin expectation moved from about 3.16% to roughly 3.57%. Future P/E changed from about 8.19x to roughly 9.37x. The discount rate edged up from 12.46% to 12.54%. Narratives link Bloomin' Brands' business story to a financial forecast and fair value that adjust as new information comes in. They help you see how day to day news, guidance changes, and execution progress affect the longer term thesis. Head over to the Simply Wall St Community and follow the Narrative on Bloomin' Brands to stay up to date on: How menu simplification, value offerings like the Aussie 3 Course, and restaurant remodels are aimed at supporting guest satisfaction, traffic, and margins. The role of technology such as Ziosk tablemates, handheld devices, and AI driven scheduling in improving labor efficiency and service quality. Key risks from ongoing market share pressure, early stage turnaround efforts at Outback Steakhouse, and reliance on U.S. operations and dine in infrastructure. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BLMN. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Itau Unibanco Holding S.A. ITUB reported recurring managerial results of R$12.4 billion ($2.42 billion) for the second quarter of 2026, which increased 7.8% year over year. Results were driven by higher operating revenues and an increase in the managerial financial margin. However, higher non-interest expenses and cost of credit remained headwinds. Operating revenues were R$47.9 billion ($9.37 billion) in the reported quarter, up 4.7% year over year. The managerial financial margin increased 5.2% year over year to R$33.5 billion ($6.54 billion). Also, commissions and fees rose 2.3% year over year to R$11 billion ($2.15 billion). Non-interest expenses totaled R$16.7 billion ($3.27 billion), up 3.1% year over year. This increase was primarily driven by higher personnel, transactional, technology, marketing, event and third-party service expenses. In the second quarter, the efficiency ratio was 37.4% compared with 38% in the year-ago quarter. A decrease in this ratio indicates improved profitability. The cost of credit charges rose 7.4% on a year-over-year basis to R$10.1 billion ($1.98 billion). As of June 30, 2026, ITUB’s total assets rose nearly 1% sequentially to R$3.23 trillion ($629.9 billion). Liabilities, including deposits, debentures, securities, borrowings and on-lending, totaled R$3 trillion ($587.4 billion), which rose nearly 1% on a sequential basis. As of the same date, Itau Unibanco’s credit portfolio, including private securities and financial guarantees provided, rose 2.7% sequentially to R$1.52 trillion ($297.2 billion). As of June 30, 2026, the Common Equity Tier 1 ratio was 12.3%, down from 13.1% as of June 30, 2025. Annualized recurring managerial return on average equity was 24.3%, up from 23.3% in the year-earlier quarter. ITUB’s second-quarter results were driven by growth in operating revenues and the managerial financial margin. The lower efficiency ratio suggests improved profitability. Growth in commissions and fees, along with a sequential increase in the credit portfolio, remains encouraging. However, higher non-interest expenses and cost of credit remain concerns. Itau Unibanco Holding S.A. price-consensus-eps-surprise-chart | Itau Unibanco Holding S.A. Quote Itau Unibanco currently carries a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Deutsche Bank DB reported second-quarter 2026 earnings attributable to its shareholders of €1.64 billion ($1.87 billion), up 10.5% year over year. DB’s increased revenues across all four business segments aided results. However, higher non-interest expenses and provisions for credit losses were headwinds. UBS Group AG UBS reported a second-quarter 2026 net profit attributable to shareholders of $2.80 billion compared with $2.39 billion in the prior-year quarter. UBS’ results were driven by strong performances in the Global Wealth Management, Personal & Corporate Banking, Asset Management and Investment Bank divisions. An increase in total assets and invested assets was also encouraging. However, higher operating expenses acted as a headwind. 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 Itau Unibanco Holding S.A. (ITUB) : Free Stock Analysis Report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report UBS Group AG (UBS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Revenue: EUR17.2 billion for the first half of 2026, on track to reach the full-year ambition of around EUR33 billion. Post-Tax Profit: EUR4.1 billion for the first half of 2026, the highest ever for a half year. Post-Tax ROC: 11.9%. Cost Income Ratio: 60.9%. CET1 Ratio: 13.9% at the end of Q2 2026, up 11 basis points from Q1. Leverage Ratio: 4.5% at the end of Q2 2026. Net Interest Income (NII): EUR3.6 billion in Q2 2026 across key banking book segments and other funding. Loans: Grew by EUR5 billion (1%) in Q2 2026 to EUR491 billion. Deposits: Grew by EUR12 billion (2%) in Q2 2026 to EUR698 billion. Liquidity Coverage Ratio: 140%. Net Stable Funding Ratio: 118%. High-Quality Liquid Assets: EUR237 billion at the end of Q2 2026. Asset Management AUM: Grew by EUR97 billion in Q2 2026, including record net client flows of EUR25 billion. Private Bank Client Assets: Grew by more than EUR55 billion in the first half of 2026. Warning! GuruFocus has detected 4 Warning Sign with DB. Is DB fairly valued? Test your thesis with our free DCF calculator. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Deutsche Bank AG (NYSE:DB) reported its highest-ever half-year post-tax profit of EUR4.1 billion, with revenues of EUR17.2 billion on track to meet the full-year ambition of around EUR33 billion. The company achieved a post-tax ROC of 11.9% and improved its cost-income ratio to 60.9%, positioning it well for its 2026 and 2028 targets. All divisions delivered returns on tangible equity of 12% or higher, with Asset Management seeing record net client flows of EUR25 billion in Q2 alone. Deutsche Bank AG (NYSE:DB) has a positive fundamental rating outlook from all three major rating agencies (Fitch, S&P, Moody's), reflecting progress in transformation and earnings resilience. The bank's NII tailwind is strengthening, with approximately 90% of 2027 and 80% of 2028 NII benefits locked in through opportunistic hedging, reducing sensitivity to rate moves. Geopolitical uncertainty and potential inflation risks remain key macro concerns that could impact the operating environment and cause spread widening. The commercial real estate (CRE) portfolio, particularly the office sector on the West Coast, continues to face revaluation risks, prompting proactive de-risking measures. Increased competition for deposits in Germany, including from new US bank entrants with attractive promotional offers, could pressure deposit pricing and retention. Risk-weighted assets (RWAs) increased by EUR5 billion in Q2, driven by business growth in loans, commitments, and guaranteed funds, which could constrain capital flexibility. The upcoming call decision for a EUR AT1 bond (4.5% coupon) presents a potential refinancing challenge, as the reset coupon of roughly 7.3% is above current new issue levels. Here are the key highlights from the Deutsche Bank AG (NYSE:DB) Q2 2026 Fixed Income Earnings Call, focusing on the most significant Q&A exchanges. Q: What are the main risks, micro or macro, that could cause Deutsche Bank's credit spreads to widen from current tight levels? A: (Raja Akram, CFO) While we are confident in our franchise momentum, we are closely monitoring several risks. These include the ongoing geopolitical situation, potential upside inflation risks, and the duration of the economic shock on energy-dependent industries. In Commercial Real Estate (CRE), particularly the West Coast office sector, we are being proactive in de-risking our portfolio due to potential revaluation risks from AI's impact on office demand. We also watch the private credit space, though our lending is focused on high-quality sponsors with lower advance rates. We don't anticipate spreads staying this tight forever, which is why our business model is shifting towards more capital-light, fee-based businesses. Q: Could the large reduction in the subordinated MREL requirement drive you to target lower subordinated headroom over time? A: (Richard Stewart, Group Treasurer) The reduction in our requirements gives us more headroom and flexibility in managing our issuance plans. We are pleased with the messaging from our supervisor, as it provides more options regarding when, how, and at what tenors we issue. The extra buffer capacity is helpful as it allows us to pause issuance when market conditions or economics warrant it and issue when prices are attractive to us. This is clearly a positive development. Q: Which of the European Commission's regulatory proposals do you think could bring the largest benefit to Deutsche Bank? A: (Raja Akram, CFO) We believe Deutsche Bank would be a significant beneficiary of the proposals. On all three aspectsthe output floor, the buffers, and P2Rthe impact could be quite meaningful for us, assuming the proposals go through as we anticipate. (Richard Stewart, Group Treasurer) The direction of travel towards a more growth-based approach is welcome. While FRTB relief is important for a level playing field, the changes to transitional arrangements, particularly around unrelated corporates and mortgages, are likely the most impactful for us. Q: How are you meeting the challenge of new entrants, like a US bank, competing for deposits in Germany? A: (Raja Akram, CFO) We feel privileged to be the largest bank in a large market where there is opportunity for everyone. We avoid getting into a rate-chasing race with promotional offers. While we have seen some movement to new entrants, the impact on our overall plans has been negligible. Our own promotions have performed well, and post-promotional retention is in line with our models. Furthermore, our strong wealth management franchise in Germany provides a less price-sensitive source of deposits, giving us flexibility in our deposit pricing strategy. Q: What would it take for Deutsche Bank to rethink reentering the equities trading market? A: (Raja Akram, CFO) Our strategic decision from 2019 to exit the scale-driven business of trading equities stands. We are not going to recreate a cash equities or prime brokerage platform. However, we have retained an equity capital markets franchise as part of our global house bank strategy, which has performed well, particularly in EMEA. While the equity markets have been hot, our lack of exposure to the upside also insulates us from potential downside risks, such as high prime brokerage exposure elsewhere. We are happy with our current focus on advisory and origination. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Deutsche Bank (XTRA:DBK) has put fresh focus on its stock after reporting Q2 2026 results and announcing a new €500 million share buyback, along with several recent fixed income offerings. See our latest analysis for Deutsche Bank. Against the backdrop of record first half profit, a fresh €500 million buyback and busy fixed income issuance in July 2026, Deutsche Bank’s stock has shown building momentum, with a 30 day share price return of 5.89% and a 90 day share price return of 17.98% despite a year to date share price decline of 6.84%. Meanwhile, the 1 year total shareholder return of 11.36% and very large 3 and 5 year total shareholder returns point to a much stronger longer term picture. If recent Deutsche Bank developments have you reassessing the financial sector, it can help to widen your watchlist and look at 107 top founder-led companies. Deutsche Bank now combines record first half profit, a new €500 million buyback and strong multi year shareholder returns. The bigger question is whether the current share price already reflects that strength or still leaves a margin of safety. The most followed Deutsche Bank narrative currently points to a fair value of €32.40 compared with the last close of €31.27, which implies a modest undervaluation and raises questions about what assumptions sit underneath that gap. Read the complete narrative. Want to understand why this narrative still sees upside for Deutsche Bank at today’s price? The key lies in how it treats future revenue growth, profit margins and the value investors might place on those earnings over time. Result: Fair Value of €32.40 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this Deutsche Bank narrative could be pressured if commercial real estate provisions grow further, or if weaker German growth limits loan demand and fee income. Find out about the key risks to this Deutsche Bank narrative. Given the mix of upside potential and flagged risks around Deutsche Bank, it makes sense to dig into the numbers yourself and act promptly. To weigh both sides directly, start with the 4 key rewards and 4 important warning signs. If Deutsche Bank has sharpened your focus on opportunities, do not stop here. Use focused stock ideas to refine your watchlist and avoid missing potential standouts. Target long term wealth builders by reviewing companies with steady cash generation using the 248 high quality undervalued stocks. Strengthen your income stream by scanning for companies with reliable payouts through the 435 dividend fortresses. Prioritise resilience by checking out companies with robust finances using the solid balance sheet and fundamentals stocks screener (422 results). This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DBK.DE. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Revenue: EUR17.2 billion for the first half of 2026, on track to reach EUR33 billion for the full year. Post-Tax Profit: EUR4.1 billion, highest ever for a half year. Post-Tax ROTE: Increased to 11.9%. Cost-to-Income Ratio: Improved to 60.9%. CET1 Capital Ratio: 13.9%. Share Buyback: Announced EUR500 million share buyback from 2026 net income. Assets Under Management: Grew by nearly EUR270 billion or 16% year-on-year to EUR1.92 trillion. Loans: Increased by 4% year-on-year. Deposits: Rose by 7% year-on-year. Net Revenues: EUR8.5 billion for the second quarter. Profit Before Tax: Increased by 11% year-on-year. Net Interest Income (NII): EUR3.6 billion for the second quarter. Non-Interest Expenses: Up 8% year-on-year at around EUR5.3 billion. Provisions for Credit Losses: EUR460 million. Private Bank Revenue Growth: 8% increase, driven by 10% growth in net interest income. Asset Management Net Flows: Record EUR25 billion in the second quarter. Corporate Bank Revenues: EUR1.9 billion, up 1% year-on-year. Investment Bank Revenue Growth: 19% higher year-on-year for the second quarter. Warning! GuruFocus has detected 4 Warning Sign with DB. Is DB fairly valued? Test your thesis with our free DCF calculator. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Deutsche Bank AG (NYSE:DB) reported a record post-tax profit of EUR 4.1 billion for the first half of 2026, the highest ever for a half-year. The bank's revenue grew to EUR 17.2 billion, with a strong contribution from the Investment Bank and focused growth areas. Assets under management increased by nearly EUR 270 billion year-on-year, supported by record inflows of EUR 56 billion across private bank and asset management. Deutsche Bank AG (NYSE:DB) announced a new EUR 500 million share buyback from 2026 net income, indicating strong earnings momentum and confidence. The bank's CET1 capital ratio was 13.9%, in line with its operating range, supported by strong organic capital generation. The cost-to-income ratio, although improved, still stands at 60.9%, indicating room for further efficiency improvements. Non-interest expenses increased by 8% year-on-year, reflecting higher fixed pay, performance-related compensation, and costs related to strategic actions. Provisions for credit losses were EUR 460 million, with targeted actions to de-risk the portfolio impacting the quarter. The bank faces challenges from dynamic market conditions and geopolitical risks, which could impact future performance. Despite strong performance, the bank's revenue guidance remains cautious due to potential market volatility and economic uncertainties. Q: You're on track for $33 billion revenue ambition this year. How should we think about the balance of tailwinds and headwinds for H2 performance, and what's your conviction level on achieving the greater than 13% return on tangible equity target for 2028? A: We are pleased with the performance across all four businesses, which demonstrates the strength and diversification of our franchise. We see momentum continuing in all divisions, with strong asset management flows and corporate bank improvements. We remain confident in achieving the $33 billion revenue target for 2026 and are optimistic about exceeding the 13% ROTE target for 2028, given the positive trends in Germany and AI advancements. Q: Can you clarify your comment about additional loan losses to de-risk the portfolio? What magnitude are we talking about, and could this offset any revenue overshoot? A: We are seeing better credit trends in 2026 compared to 2025. We made a targeted decision to de-risk our commercial real estate portfolio, which had a capital accretive impact. If similar opportunities arise in the second half, we will consider them, but we don't expect significant deviations from our current guidance. Q: You had a capital beat this quarter and are above your guidance. What would refrain you from distributing more than the 60% payout from this year? A: We aim to operate within the 13.5% to 14% CET1 ratio range. We are cautious about guiding to 14% but are committed to sustainable capital returns. We have increased our payout ratio to 60% and executed a share buyback based on six months' earnings, showing confidence in our capital position. Q: Regarding the Private Bank, how should we think about advisor hires and net new money flows considering you're hiring fast? A: We are pleased with the progress in hiring advisors, having already hired 116 out of the targeted 250. This is contributing to strong net new money flows, particularly in wealth management. We expect this trend to continue, supported by our investments in technology and client experience improvements. Q: On the Corporate Bank, I see loan growth and asset growth, but margins are declining. What is driving your confidence in the second half and beyond? A: We are seeing diminishing FX and interest rate headwinds, which gives us confidence in achieving mid to high single-digit growth. We are growing fee and commission income and benefiting from a better interest rate outlook. The corporate bank is well-positioned for growth, supported by loan growth and strong deposit betas. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Deutsche Bank (DB) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -27.47%. A quarter ago, it was expected that this bank would post earnings of $1.15 per share when it actually produced earnings of $1.24, delivering a surprise of +7.83%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Deutsche Bank, which belongs to the Zacks Banks - Foreign industry, posted revenues of $9.86 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 6.28%. This compares to year-ago revenues of $8.85 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Deutsche Bank shares have lost about 8.3% since the beginning of the year versus the S&P 500's gain of 8.5%. While Deutsche Bank has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Deutsche Bank was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.92 on $9.19 billion in revenues for the coming quarter and $3.92 on $37.9 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Foreign is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Royal Bank (RY), has yet to report results for the quarter ended July 2026. This bank is expected to post quarterly earnings of $2.87 per share in its upcoming report, which represents a year-over-year change of +2.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Royal Bank's revenues are expected to be $12.9 billion, up 4.4% from the year-ago quarter. 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 Royal Bank Of Canada (RY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research