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Chrysalis Investments Ltd has raised its valuation of Klarna to £120.6 million, up from £100.3 million in the previous quarter, as the fintech prepares for a potential IPO next year. This adjustment implies an overall valuation of approximately $14.6 billion, according to Deutsche Bank AG analysts.
The DAX index closed the week with a slight gain of 0.1% at 19,464, following a recovery after three consecutive losses. To regain upward momentum, it must surpass the September peak of 19,492 and confirm a rise above 19,634, targeting the all-time high of 19,675. Conversely, a drop below 19,330 could lead to testing lower support levels, including the critical 19,000 mark.
Deutsche Bank AG Chief Executive Christian Sewing is focusing on growth opportunities in Asia and the Middle East, citing a sluggish economy in Germany. He emphasized that the strategy is about diversification rather than decoupling from China, noting that clients are expanding in India and Southeast Asia, which he identifies as a clear growth market.
Blackstone Inc. is seeking to secure a full financing package from banks for its acquisition of AirTrunk, moving away from private credit funds. Citigroup, DBS Group, and Deutsche Bank are in talks to provide approximately A$5.5 billion ($3.6 billion) through a term loan and revolving credit facility.
Falling interest rates in the eurozone are failing to stimulate the economy, which is showing signs of contraction, particularly in Germany and France. The Purchasing Managers' Index indicates a downturn, with concerns of a potential recession looming as demand weakens and uncertainty grows over the impact of the upcoming US elections.
UBS has maintained its 'buy' recommendation for Deutsche Bank, raising the price target from 18.8 to 19.5 euros, indicating a 24% upside potential for the bank's shares. The broker highlights a strong outlook for 2025, despite concerns regarding cost of risk, legacy issues, and investment banking revenue growth.
Deutsche Bank's price target has been raised by UBS, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy. There are no financial ties between BOURSORAMA and the issuers mentioned, ensuring objectivity in the analyses published.
Barclays Plc and Deutsche Bank AG have seen benefits from higher-than-expected interest rates, which have bolstered revenue and future income prospects. However, both banks must enhance their investment banking capabilities to compete with US firms, as failure to capture a larger share of upcoming equity deals could jeopardize their ambitious revenue and profit targets.
The DAX index continued its downward trend, closing at 19,378 after fluctuating between 19,330 and 19,465. The index remains in a consolidation zone around 19,400, with potential upward movement above 19,492, while support is noted at 19,250, with further levels at 19,088 to 18,912.
Barclays reported a 23% increase in net profit for the third quarter, reaching £1.6 billion, surpassing analyst expectations. Revenue also exceeded forecasts at £6.5 billion, driven by growth in domestic banking and investment income, while the bank raised its annual net interest income forecast for the U.K. to £6.5 billion. CEO C. S. Venkatakrishnan emphasized the bank's disciplined approach to interest rate management, contributing to its positive performance.
Deutsche Bank Aktiengesellschaft
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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