|Bid||164.90 x 3500|
|Ask||164.95 x 14200|
|Day's range||164.90 - 166.20|
|52-week range||148.15 - 186.35|
|Beta (5Y monthly)||0.48|
|PE ratio (TTM)||19.42|
|Earnings date||25 Jul 2023|
|Forward dividend & yield||3.60 (2.21%)|
|Ex-dividend date||17 May 2023|
|1y target est||197.10|
DBOEY vs. NDAQ: Which Stock Is the Better Value Option?
FRANKFURT (Reuters) -German exchange operator Deutsche Boerse on Wednesday said it posted a 12% rise in first-quarter net profit, a better result than analysts had expected, and that it may exceed its forecasts for 2023. Revenue at the group rose 16% in the quarter from a year earlier, helped by higher interest rates and market volatility that generates trading income, the company said. Net profit attributable to shareholders was 473 million euros ($522.05 million), up from 421 million euros a year ago, the company said.
TS Imagine will make use of Crypto Finance's trading infrastructure to enhance its digital asset capabilities.
Deutsche Boerse AG (DBOEY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Crypto Finance will provide Apex with the digital infrastructure needed to issue structured investment products.
Germany's Commerzbank will rejoin the DAX index on Feb. 27, Deutsche Boerse announced late on Friday, marking a comeback for Germany's No. 2 lender after it was removed from the club of blue-chip companies in 2018. The return to the index comes after Commerzbank launched a major overhaul two years ago that saw thousands of job cuts and branch closures that restored profitability. "This shows that we are on the right track with our restructuring - and spurs us on to continue with the same energy," Commerzbank AG said on Twitter in response to the announcement.
German exchange operator Deutsche Boerse is getting calls for pitches for M&A deals and would consider a deal with a European exchange, though such a tie-up isn't a major focus, Chief Executive Officer Theodor Weimer said on Thursday. Weimer, speaking to journalists, said that a few years ago, the response he got when reaching out on possible deals was "Deutsche Boerse, who?" but today the company is on the receiving end of such calls. Weimer, asked about whether he would consider European exchange mergers, said he would if there were an opportunity but cash markets have not been a major focus.
FRANKFURT (Reuters) -German exchange operator Deutsche Boerse said on Wednesday that 2022 profit rose 24%, beating analyst expectations and driven by volatility in financial markets that lifts trading volumes and revenues. Deutsche Boerse also pointed to higher trading volumes in derivatives and commodities, as well as the U.S. dollar's appreciation against the euro, as factors that helped lift earnings. "Despite the expected economic slowdown we are anticipating our business to continue to grow further in the current year," said Theodor Weimer, chief executive officer.
Germany's Commerzbank said on Monday that it met an important profit criteria to join Germany's benchmark DAX index of blue-chip stocks. Commerzbank, still partially owned by the German government after a bailout more than a decade ago, was expelled from the DAX index in 2018. The bank said its earnings before interest, taxes, depreciation and amortization (EBITDA) were 3.371 billion euros ($3.66 billion) in 2022, coming in at a positive figure for a second consecutive year to meet the DAX's profit criteria.
Germany's financial supervisory authority (BaFin) said on Thursday it has ordered clearing house Eurex Clearing and digital securities processor Clearstream Holding to remedy organisational deficiencies. The order, which was sent to the companies at end of November, was to "ensure proper business organization" following a breach of requirements, BaFin said in a statement. Clearstream and Eurex Clearing, both subsidiaries of Deutsche Boerse, are to report regularly to BaFin and the Bundesbank on the progress made in remedying the deficiencies, BaFin said but did not give further details.
BERLIN (Reuters) -German sportscar maker Porsche AG will join the blue-chip index, just over two months after its market debut, exchange operator Deutsche Boerse said on Monday. Porsche AG will replace sportswear maker Puma on the DAX stock index on Dec. 19 while Puma will move down to the MDAX index, it said. Shares in Porsche have gained around 30% since their listing in Germany in late September.
Deutsche Boerse's derivatives division stepped up efforts on Tuesday to attract a bigger slice of multi-trillion euro derivatives clearing from London to its base in Frankfurt ahead of anticipated European Union legislation. Brussels has likened the need to cut the EU's heavy reliance on London for euro derivatives clearing since Brexit to the bloc's need to wean itself off Russian energy. Deutsche Boerse's Eurex Clearing said buyside customers, such as asset managers, could qualify for up to 50,000 euros ($49,655) for running an active account for clearing interest rate and other types of swaps during 2023.
LONDON (Reuters) -The collateral against potential losses posted on derivatives trades at Eurex has risen to a record high of around 130 billion euros ($128 billion) in the face of highly volatile markets and stubborn inflation, Erik Mueller, CEO of Eurex Clearing, told Reuters on Thursday. Mueller told Reuters that risk models at Eurex Clearing suggested that the current environment meant there was a greater need to bolster liquidity. Mueller stressed a different macro backdrop compared to 2020, given a turn in the rates cycle, persistent geopolitical risks and the success of Euroclearing initiatives.
Shares in Porsche could be trading on the Frankfurt Stock Exchange by the end of this month or start of October.
Germany's Siemens Energy will rejoin the nation's premier DAX stock index, while the meal-kit delivery service HelloFresh will get the boot. The German stock exchange operator Deutsche Boerse, which compiles the index, made the announcement late on Monday. Deutsche Boerse periodically reassesses the composition of the index using trading data to measure market value and trading volume as a basis for deciding which companies to include.
Investors in crypto have endured wild moves in recent months, but this has not fazed asset managers who are preparing to use the blockchain technology behind cryptocurrencies to break funds into bite-sized units, or tokens, to sell to small savers. The sector is also facing other issues, with Celsius this week suing a former investment manager for losing or stealing tens of millions of dollars in assets before the crypto lender went bankrupt last month. However, private markets investment firms Hamilton Lane and Partners Group have tokenised funds https://www.prnewswire.com/news-releases/private-markets-leader-hamilton-lane-partners-with-addx-to-offer-tokenized-access-to-its-global-private-assets-fund-in-major-foray-into-asia-301512810.html in the past year and said they were considering further products.
European settlement house Clearstream said on Thursday it had appointed AO Raiffeisenbank Moscow as its cash correspondent bank to help investors collect rouble proceeds on securities deposited outside the country. Clearstream said in the statement on its website https://www.clearstream.com/clearstream-en/products-and-services/asset-types/cash/a22083-3174480 that its customers receiving such rouble payments would need to transfer them to their own cash correspondent accounts or make foreign exchange arrangements to withdraw them no later than one day after payment date. "Given the uncertain context, this situation may evolve in the future," said Clearstream, which is part of German exchange operator Deutsche Boerse.
FRANKFURT (Reuters) -German exchange operator Deutsche Boerse said on Tuesday it posted a better-than-expected 10% rise in second-quarter net profit, helped by volatility in financial markets that generate trading revenue. The company said it should "significantly exceed" its targets for 2022 as volatility continues and interest rates rise. Net profit attributable to shareholders was 341 million euros ($345.19 million), up from 311 million euros a year ago, the company said.
Russian lender Rosbank believes a decision by European clearing house Clearstream to block its correspondent account will not have a significant negative impact on its operations, it said in a statement to a Russian media outlet on Saturday. Clearstream said on Friday UK sanctions on June 29 on Rosbank's majority owner Vladimir Potanin, whose Interros Capital clinched a deal in April to buy the lender from French bank Societe Generale, had forced it into its decision. "Clearstream Banking's cash correspondent bank Rosbank is no longer available to receive income proceeds that may result from securities issued outside of Russia and denominated in roubles," Clearstream said.