Deutsche Bank Reorganizes German Wealth Management in Fee Push
The separate divisions that currently serve wealthy and affluent clients will be combined in the wealth unit, Germany's largest bank said in a statement Monday. Similar to the structure of its SME business, the operations will be organized along regional lines within Germany.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 hours ago
- Yahoo
Chime Gets a Bullish Rating From Morgan Stanley After Strong IPO
Morgan Stanley on Monday initiated coverage of Chime with a bullish rating and a price target implying over 20% upside. The analysts said they are optimistic about Chime's potential for revenue growth, particularly in an improving consumer spending environment. Several other analysts initiated coverage with neutral ratings amid concerns about its (CHYM), the online banking startup that made its debut on the Nasdaq last month, received a bullish rating from Morgan Stanley analysts Monday, citing its potential for fast revenue growth. The bank initiated coverage of Chime with an 'overweight' rating and $39 price target. Chime shares rose about 1% Monday to close near $32, with Morgan Stanley's target suggesting over 20% upside. The stock has climbed roughly 17% from its initial public offering price of $27. Morgan Stanley said Chime has shown a 'proven ability' to become the primary banking account for its customers, and broaden its user base. The analysts said they are 'optimistic about Chime's ability to maintain fast revenue growth and fairly consistent margin expansion,' particularly with consumer card spending on the rise among people with annual incomes under $100,000—a key demographic for the company. Morgan Stanley is more bullish on the fintech firm's stock than analysts at UBS, Goldman Sachs, and Deutsche Bank, which initiated coverage with neutral ratings. In a note to clients Sunday, Deutsche Bank raised concerns about 'the macro-sensitive nature' of Chime's core demographic and a competitive environment for companies offering an alternative to traditional banks. Goldman Sachs noted that Chime may not be profitable until 2026 at the earliest. "We believe the lack of profitability is an overhang in the near term, and see valuation as somewhat full at current levels," the analysts said. UBS and Deutsche Bank issued price targets of $35, while Goldman gave it a target of $34. Read the original article on Investopedia 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
Yahoo
10 hours ago
- Yahoo
DHL's German postal unit aims to increase use of parcel lockers
The German post and parcel division of DHL Group said Monday it has launched a one-year trial with several online retailers to make it easier for consumers to have goods delivered to one of its parcel lockers. Shoppers who order from participating businesses, such as Mosaik Tree GmbH (organic food and bone broth) and do-it-yourself home-and-garden store now can direct orders to a DHL Packstation without pre-registering for the service. Sending shipments, such as returns, to the machines is already possible without registration. However, if private customers wish to receive shipments directly at the Packstation, they must register at fill our forms and activate their device in the Post & DHL app. They then receive a unique postal number, which they can use to have packages sent to the Packstation when checking out in the online shop. These steps are omitted if customers order from participating online retailers during the pilot phase. Customers simply enter the address of the desired Packstation when checking out in the online store. Once the DHL delivery driver has placed the shipment in the machine, they will receive a code via email that they can use to collect the shipment. The code can be scanned directly at the Packstation machine. 'We want to remove further hurdles to inspire even more customers to use the Packstation,' said Benjamin Rasch, DHL Parcel's head of marketing and product management, in a news release. Vending machines are becoming increasingly popular for receiving and sending parcels because they can be used around the clock and are located in central public locations such as supermarkets, train stations, company premises, and residential areas. In addition to providing customers added flexibility, parcel lockers can also reduce costs for couriers by making deliveries to a single point instead of multiple households. DHL Parcel says millions of Germans regularly use more than 15,500 Packstations nationwide to receive parcels. If the trial is successful in driving increased use of Packstations, DHL Parcel said it will consider registration-free use a permanent feature of its delivery service. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. DHL Express Canada resumes service after workers ratify labor deal DHL acquires US e-commerce logistics business IDS Fulfillment The post DHL's German postal unit aims to increase use of parcel lockers appeared first on FreightWaves.
Yahoo
10 hours ago
- Yahoo
Daimler Truck announces 2 billion eur share buyback
(Reuters) -Daimler Truck Holding, one of the world's biggest truckmakers, said on Monday it would conduct a new share buyback program worth up to 2 billion euros ($2.35 billion). The German truckmaker will acquire its own shares over a period of up to two years, starting in the second half of 2025, it said in a statement. ($1 = 0.8520 euros) 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
