The Latest Breaking News from Deutsche Bank

Thousands of staff, billions of dollars and three decades of complicated relationships. Some of the world’s largest banks are starting to pull back from Russia, but it’s not going to be easy.

Germany’s biggest bank was also among the lenders to the family office whose collapse left rivals with $10bn in losses

Germany's biggest lender Deutsche Bank said Friday it was following other international companies in shutting down its operations in Russia in protest of Moscow's invasion of Ukraine. "Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining…

Etsy (ETSY) tumbled 11.5% to 121.13 on Friday, making it the worst performer on the S&P 500 index on Friday. Shares of the arts and crafts online retailer plunged 20% for the week. Deutsche Bank initiated Etsy stock with a hold rating and a 145 price target. Please follow Ed…

Deutsche Bank analyst Benjamin Black initiated coverage of stocks under the Recorded Music and Music Publishing category. The category was "largely underpenetrated, under-monetized, and flush with optionality," now driven by social media, gaming, digital fitness.

Deutsche Bank initiated coverage of the Big Techs, justifying his optimism behind the stocks.

Upgrades

Deutsche Bank analyst Lee Horowitz initiated coverage of Booking Holdings Inc (NASDAQ:BKNG) with a Buy rating and $2,512 price target, implying a 23.72% upside. The analyst predicts leisure travel demand in the 2022/2023 period will surpass 2019 levels on account of the rising savings rates and consumer demand. Lee Horowitz initiated coverage of Expedia Group Inc (NASDAQ:EXPE)…

Analysts painted a sharp upside to CrowdStrike Holdings Inc (NASDAQ:CRWD) after it reported a stronger than expected Q4 and initial FY23 growth outlook. ARR rose 65% Y/Y and grew to $1.73 billion, of which $216.9 million was net new ARR added in Q4. BTIG analyst Gray Powell upgraded to Buy from Neutral with a $257 PT (51.4%…