Deutsche Bank Completes Offloading Its $1B CRE Loan Portfolio [Yahoo! Finance]
WaFd, Inc. (WAFD)
Last wafd, inc. earnings: 4/21 07:00 pm
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Source: Yahoo! Finance
property market was hit hard by higher interest rates, which have raised borrowing costs and weighed on valuations. By offloading these loans, DB minimized its exposure to an asset class that adversely impacted its business. (Source: Bloomberg) As of the end of third-quarter 2024, the bank's CRE exposure stood at €15 billion, with almost 46% exposure in office properties. (Source: Deutsche Bank's financial reports) Deutsche Bank's provision for credit losses witnessed a CAGR of 23.4% over the last five years (ended 2023), and in the first nine months of 2024, provision for credit losses related to CRE loans increased year over year. (Source: Deutsche Bank's financial reports) Yes, other banks are also reducing their exposure to CRE loans. For example, in June 2024, WaFd, Inc. completed the sale of $2.8 billion of multi-family CRE loans to Bank of America, and in May 2024, Canadian Imperial Bank of Commerce signed agreements to divest the United States-based office loans worth $3
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WAFD
News
- US Dividend Stocks Spotlight WaFd And 2 Others [Yahoo! Finance]Yahoo! Finance
- WaFd Bank Partners with the Network of Giving to Fund Non-Profits in Washington [Yahoo! Finance]Yahoo! Finance
- WaFd Bank Partners with the Network of Giving to Fund Non-Profits in WashingtonBusiness Wire
- WaFd, Inc (NASDAQ: WAFD) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- WaFd, Inc. Announces Cash Dividend of 26 Cents Per ShareBusiness Wire
WAFD
Earnings
- 10/17/24 - Beat
WAFD
Sec Filings
- 12/10/24 - Form 4
- 12/10/24 - Form 8-K
- 11/20/24 - Form 10-K
- WAFD's page on the SEC website