On Tuesday, Deutsche Bank AG (USA) (NYSE:DB) stock opened its trade at $18.60 and after floating in a range of $18.58 to $18.78, settled at $18.67. The stock lost -1.99% in total of its share price. The stock’s 52-week range is $11.19 – $23.15.
Deutsche Bank’s (DBKGn.DE) top economist said U.S. President-elect Donald Trump will be an improvement on “a mediocre status quo” and drive economic growth in the country higher.
“We will see a move from dogma to pragmatism,” David Folkerts-Landau said at a dinner with journalists on Monday, forecasting U.S. economic growth in 2018 would be more than double the 1.5 percent seen for 2016.
“While Trump introduces higher uncertainty, this is better than the near certainty of the continuation of a mediocre status quo,” Folkerts-Landau wrote in a presentation for the event in Deutsche Bank’s striking glass skyscraper, which is prominent on Frankfurt’s skyline.
Following a divisive election campaign, president-elect Trump has assembled a cabinet of top officials that includes business leaders and three stepped down generals, which Folkerts-Landau described as a “business men administration”.
“We will see a much more flexible approach to taking decisions,” he added.
Deutsche Bank, together with other banks, has had a troubled recent history in the U.S. and last year agreed to a $7.2 billion penalty over toxic mortgage securities, after an program launched by U.S. President Barack Obama to pursue banks for selling sub-prime debt without warning of the risks. (Source: Reuters)
DB stock’s price is now -19.35% down from its 52-week high and +66.85% up from its 52-week low. Taking a look into the performance of DB stock, investor will come to know that the weekly performance for this stock is valued at 1.30%, resulting in a performance for the month at -1.94%. Therefore, the stated figure displays a quarterly performance of 34.32% and year to date performance of 3.15%.
Shares of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) inclined 0.86% to $9.40. Stock exchanged hands with the total volume of 4.13 Million shares, as contrast to its average volume of 3.25 Million shares. The 52-week range of the share price is from $5.14 – $9.66. For trailing twelve months, EPS value for the stock is $0.77.
Beta factor of the stock stands at 1.08. Beta factor is used to measure the volatility of the stock. The stock remained 1.64% volatile for the week and 2.15% for the month. Looking into the profitability ratios of MBT stock, investor will find its ROE, ROA, ROI standing at 33.70%, 8.30% and 14.40%, respectively.