DB

Deutsche Bank (DB) receives a #3 (Hold) rating on the Zacks Rank with a VGM Score of B. The stock features attractive valuation metrics including a forward P/E ratio of 9.19, and two analysts revised earnings estimates upward in the last 60 days, increasing the Zacks Consensus Estimate to $3.93 per share with a +5.6% average earnings surprise.

Star Bulk Carriers Corp. announced the renewal of its existing At-The-Market (ATM) equity offering programs with Deutsche Bank Securities Inc. and Jefferies LLC. The renewal follows the expiration of the previous shelf registration statement and does not expand the existing programs, with available capacity of $41.4 million and $75 million respectively. The company maintains a fleet of 138 vessels with 13.8 million deadweight tonnage capacity.

HSBC is planning substantial workforce reductions in its U.K. wealth management division, cutting approximately 50% of management roles and 70% of financial adviser positions by end of October. The restructuring aims to leverage AI and digital tools to automate client servicing and improve productivity. While cost savings are expected, the strategy carries execution risks as wealth management is relationship-driven, and reduced adviser capacity could impact client retention and asset growth.

UBS has agreed to transfer its former Credit Suisse fund administration businesses in Switzerland and Luxembourg to Northern Trust Corporation. The transaction, expected to close in Q2 2027, is part of UBS's post-Credit Suisse integration simplification efforts. Northern Trust will gain recurring fee income and increased fund administration scale, while UBS will reduce operational complexity and focus on core businesses.