This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.
Perhaps Deutsche Banks should adopt the German Battleship “Bismarck” as its corporate logo.
LEE ADLERDeutsche Bank released their Q2 earnings and generated a -73% earnings surprise.
At least it was better than the -200% earnings surprise in Q4 2015.
And like the Bismarck, Deutsche Bank’s earning per share estimate keeps sinking.
If Deutsche Bank is the Bismarck, then the Royal Bank of Scotland is the HMS Hood (sunk by the Bismarck). And the Italian banks are the Conte di Cavour (sunk by the British attack on the Italian fleet at Taranto).
Wow. the EU bank fleet seems to be sinking everywhere.
Cheers!
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