Deutsche Bank (DB) Buys Aviation Loans Portfolio From NORD/LB

18.06.24 15:37 Uhr

Werte in diesem Artikel
Aktien

15,05 EUR -0,17 EUR -1,10%

Indizes

PKT PKT

1.576,9 PKT -17,1 PKT -1,07%

18.171,9 PKT -182,8 PKT -1,00%

6.981,2 PKT -70,2 PKT -1,00%

185,6 PKT -2,9 PKT -1,53%

500,1 PKT -4,2 PKT -0,84%

143,9 PKT -0,9 PKT -0,64%

9.635,6 PKT -99,7 PKT -1,02%

18.165,0 PKT 0,0 PKT 0,00%

18.209,7 PKT -112,4 PKT -0,61%

7.458,3 PKT -63,3 PKT -0,84%

7.127,8 PKT -72,0 PKT -1,00%

18.166,5 PKT -154,9 PKT -0,85%

Deutsche Bank AG DB has acquired loans worth €1.67 billion ($1.77 billion) from Norddeutsche Landesbank’s (“NORD/LB”) aircraft financing portfolio of €2.75 billion. The deal is expected to close in the second half of 2024, subject to approval from the antitrust authorities.The purchase price of the deal has been kept under wraps.The loans were acquired through a competitive bidding process and are backed by commercial passenger aircraft.The loan portfolio is being taken over by DB’s Global Credit Financing & Solutions unit, which holds a diversified lending portfolio, comprising renewable energy finance, energy transition finance, infrastructure and transportation finance and asset backed financing.NORD/LB has been an active player in the aircraft financing business for more than 40 years. Its current portfolio includes approximately 300 financed aircraft and engines. By selling the majority of its aircraft financing portfolio to Deutsche Bank, NORD/LB is seeking to shift its focus to renewable energy financing sectors.Ross Duncan, co-head of the global transportation finance team at Deutsche Bank, said, “This deal plays to our strengths and our deep experience in this sector. It is an opportunity for us to acquire high quality loans with an attractive return profile.”DB’s previous efforts to grow inorganically include the acquisition of Numis, which was completed in October 2023. The deal with Numis is expected to support the bank’s Asset Management segment in the coming months. Such strategic initiatives are expected to aid revenues for the bank in the future.In the past three months, DB has gained 7.9% compared with the industry’s 1.1% growth. Image Source: Zacks Investment ResearchCurrently, Deutsche Bank carries a Zacks Rank #3 (Hold).Favorable Foreign Bank StocksSome better-ranked stocks from the finance space are Crédit Agricole S.A. CRARY and Banco Macro S.A. BMA.CRARY’s 2024 earnings estimates have increased 8.9% over the past seven days. Shares of CRARY have gained 18.3% in the past year. Currently, the stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.BMA’s 2024 earnings estimates have risen 29.6% over the past 30 days. Shares of BMA have gained 32.6% over the past three months. At present, the stock also sports a Zacks Rank #1.Where Will Stocks Go…If Biden Wins? If Trump Wins?The answers may surprise you.Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…1. Medical manufacturer has gained +11,000% in the last 15 years.2. Rental company is absolutely crushing its sector.3. Energy powerhouse plans to grow its already large dividend by 25%.4. Aerospace and defense standout just landed a potentially $80 billion contract.5. Giant Chipmaker is building huge plants in the U.S. Hurry, Download Special Report FREE >>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 Macro Bank Inc. (BMA): Free Stock Analysis Report Credit Agricole SA (CRARY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

Quelle: Zacks

Nachrichten zu Deutsche Bank AG

Analysen zu Deutsche Bank AG

DatumRatingAnalyst
11.07.2024Deutsche Bank BuyWarburg Research
09.07.2024Deutsche Bank BuyGoldman Sachs Group Inc.
09.07.2024Deutsche Bank OverweightJP Morgan Chase & Co.
08.07.2024Deutsche Bank BuyUBS AG
03.07.2024Deutsche Bank OutperformRBC Capital Markets
DatumRatingAnalyst
11.07.2024Deutsche Bank BuyWarburg Research
09.07.2024Deutsche Bank BuyGoldman Sachs Group Inc.
09.07.2024Deutsche Bank OverweightJP Morgan Chase & Co.
08.07.2024Deutsche Bank BuyUBS AG
03.07.2024Deutsche Bank OutperformRBC Capital Markets
DatumRatingAnalyst
29.04.2024Deutsche Bank Equal WeightBarclays Capital
29.04.2024Deutsche Bank HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
25.04.2024Deutsche Bank Equal WeightBarclays Capital
23.04.2024Deutsche Bank Equal WeightBarclays Capital
02.02.2024Deutsche Bank Equal WeightBarclays Capital
DatumRatingAnalyst
27.07.2023Deutsche Bank UnderperformCredit Suisse Group
04.07.2023Deutsche Bank UnderperformCredit Suisse Group
28.04.2023Deutsche Bank UnderperformCredit Suisse Group
03.02.2023Deutsche Bank UnderperformCredit Suisse Group
06.01.2023Deutsche Bank UnderperformCredit Suisse Group

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Deutsche Bank AG nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"