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Kepler Capital Keeps Their Buy Rating on Deutsche Bank AG (DB)
What's Going On With Deutsche Bank Stock Friday?
Sector Update: Financial Stocks Advance Premarket Friday
Deutsche Bank (DB.US) finally escaped the troubled fate of the postal banks trade.
Deutsche Bank said in a statement that the group has agreed to pay approximately 0.35 billion euros to reach a settlement agreement with over 80 plaintiffs. This will allow the group to release some of its previous provisions, and is expected to increase pre-tax profit by 0.43 billion euros in the third quarter.
Focus on Jackson Hole: The market awaits Powell's speech, with two central bankers supporting gradual and steady interest rate cuts.
The 47th annual Economic Policy Symposium of the Federal Reserve Bank of Kansas City will be held in Jackson Hole, Wyoming from August 22nd to 24th. This year's theme is "Reassessing the Effectiveness and Transmission of Monetary Policy." As tradition dictates, the highlight of the event will be the keynote speech by the Chairman of the Federal Reserve. Jerome Powell is scheduled to deliver the speech on August 23rd at 10:00 AM Eastern Time at the Jackson Lake Lodge in Grand Teton National Park. Traders and investors from around the world will eagerly listen, hoping to uncover clues about his perspective on the current economic situation.
Top Gap Ups and Downs on Thursday: NVO, UL, ITUB and More
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