Free Trial

Deutsche Bank; Qube Files Short Position Report Following Good Results

FINANCIALS

Deutsche Bank (DBK GY); Qube Research has upped its short position; full court press again German equity?


  • BBG is reporting a 9-Feb filing showing Qube holds a 0.97% short position in DBK. Qube has been in the news recently across a range of short positions in German stocks, most notably VW (VOW GY) and BASF (BAS GY). It is also short fellow bank, SocGen (GLE FP) and Spanish healthcare name Grifols (GRF SM), the latter being a primary target of Gotham Research.
  • Deutsche’s results (on 1-Feb) were ahead of consensus (on net profit) and, whilst showing some credit deterioration in Germany, did also lift payout for equity investors meaningfully. Mgmt’s outlook statements were, if anything, more bullish than we’ve seen in some time.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.