Hier eine kurze Meldung von cnnfn dazu

verfasst von Sascha, 02.11.2000, 12:07

cnnfn.com, 09:57 Uhr

> Dresdner 3Q profit drops

> German bank hurt by effort to retain staff, bank closures; profit falls 16%
> November 2, 2000: 3:57 a.m. ET

> LONDON (CNNfn) - Dresdner Bank AG said Thursday nine-month profit fell 16.4
> percent as Germany's third-largest bank coughed up money to retain staff at
> its investment bank and closed branches.

> Net income for the period to Sept. 30 fell to 586 million ($503 million), or
> 1.10 a share, from 701 million, or 1.33 a share, a year ago. Pretax profit
> fell 25 percent to 911 million from 1.21 billion.

> Analysts polled by Reuters had expected nine-month net profit of around 549
> million and pretax profit in the area of 957 million.

> The Frankfurt-based bank's failed merger attempts with rivals Deutsche
> Bank AG (FDBK) and Commerzbank AG (FCBK) has forced it to pay huge
> bonuses to retain key staff at investment bank Dresdner Kleinwort Benson.
> Dresdner also announced plans in May to slash a quarter of itsbranch network,
> with the possible loss of some 5,000 jobs.

>"We should point out that, this year, we are faced with an extraordinary
> burden comprising the expense to secure our competitive position," the bank
> said. The"expense to secure our long-term competitive position totaled 489
> million, while the restructuring charge amounted to 330 million."

> Dresdner, which agreed to buy New York merger and acquisition adviser
> Wasserstein Perella & Co. for about $1.4 billion in September, said pretax
> profit at its investment bank jumped 27 percent to 1 billion.

> Shares in Dresdner fell 1.2 percent, or 0.55 to 48.01 in early trade in
> Frankfurt.

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gesamter Thread:

• Dresdner Bank: Vorsteuergewinn kräftig runter (minus 25 %). (owT) - Lullaby, 02.11.2000, 09:36
  • Hier eine kurze Meldung von cnnfn dazu - Sascha, 02.11.2000, 12:07
    • und noch eine Meldung auf deutsch (Kurs Dresdner Bank aktuell: -3%) - Sascha, 02.11.2000, 12:23