Andrew Stimpson

Deutsche Bank AG (NYSE: DB) has initiated a sweeping restructuring plan in a bid to boost profitability. While the restructuring is necessary, the profitability goal is long-dated and near-terms earnings are likely to be weak, according to Bank of America. The Analyst Bank of America’s Andrew...

On Sunday, battered international investment bank Deutsche Bank AG (NYSE: DB) announced it will be exiting the equities business and cutting 18,000 jobs as part of an aggressive restructuring plan. Deutsche Bank said it will eliminate its trading business as part of a cost-cutting plan that will...

Rumors of a potential merger between Deutsche Bank AG (NYSE: DB) and Commerzbank have picked up steam. With or without Commerzbank, one analyst said Thursday that investors should steer clear of Deutsche Bank. The Analyst Bank of America Merrill Lynch analyst Andrew Stimpson reiterated an...

Deutsche Bank AG (USA) (NYSE: DB) stock is down nearly 40 percent year-to-date, but one analyst says things are going to get much worse for Deutsche Bank investors before they get better. The Analyst Bank of America analysts led by Andrew Stimpson downgraded Deutsche Bank from Neutral to...

UBS Group AG (USA) (NYSE: UBS) has lagged its peers despite having assets under management of 3 trillion Swiss francs — a number that could only grow in the fourth quarter, according to Bank of America Merrill Lynch. The firm gave a positive assessment of the company, assuming a 100 percent...

Bank of America Merrill Lynch upgraded shares of Credit Suisse Group AG (ADR) (NYSE: CS) from Neutral to a Buy rating, citing its recovery path. The firm boosted the price objective from CHF 13 to CHF 16 on the stock to reflect 14 percent earnings increase. Rating Justification “With a...