Deutsche Bank likes this consulting stock with a 'best of breed model' able to weather through the uncertainty
Investors should consider putting their money in consulting stock Accenture, which has a "best of breed model" able to fight through the market volatility, according to Deutsche Bank. Analyst Bryan Keane lifted his 2023 earnings estimates on Accenture by 8 cents a share after the company's latest quarterly results showed strong revenue growth, an adjusted earnings per share beat and bookings momentum.
At the same time, Accenture said it plans to slash 19,000 roles over the 18 months as it grapples with slowing spending for IT services and trimmed its revenue outlook. While the cuts could cost the company roughly $1.5 billion through 2024, these initiatives should help protect Accenture's profit margin expansion and establish "structural cost shifts to create enduring value," Keane wrote in a Thursday note to clients.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Deutsche Bank shares slump in latest sign of bank worriesDeutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend.
Weiterlesen »
Stock Market Today: Dow Futures Fall; Deutsche Bank SlumpsStock futures fell on renewed concerns about banking stability. Shares of lenders dropped sharply in Europe, with Deutsche Bank down more than 10%.
Weiterlesen »
Stock futures are up slightly as investors weigh bank troubles, Fed decision: Live updatesInvestors digested the interest rate hike while keeping an eye on bank stocks.
Weiterlesen »
Deutsche Bank shares whipsaw after CDS blow-outDeutsche Bank shares dropped as much as 3.4% in Friday's premarket trade, after a sharp jump in the cost of insuring against the risk of default late the day before fuelled concerns about the overall stability of Europe's banks.
Weiterlesen »
Deutsche Bank shares slide 8% after sudden spike in the cost of insuring against its defaultDeutsche Bank shares fell 8% in early trade on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe's banks persisted.
Weiterlesen »
Deutsche Bank shares slump 8%Deutsche Bank shares slumped 8% in Frankfurt trade on Friday, as worries over bank sector health focus on another global systemically important bank....
Weiterlesen »