youtube video
Deutsche Bank tops estimates, Barclays pays out more to shareholders,Deutsche bank stock yahoo -
Yang's exit from Yahoo may remove barrier to Asia asset sale
Jerry Yang’s exit from Yahoo! Inc. removes one of the last vestiges of a management team chided by investors for failing to find a buyer or negotiate a sale of stakes in Asian assets worth more than $10 billion
Author of the article:
Bloomberg NewsArticle content
Jerry Yang’s exit from Yahoo! Inc. removes one of the last vestiges of a management team chided by investors for failing to find a buyer or negotiate a sale of stakes in Asian assets worth more than $10 billion.
Advertisement
This advertisement has not loaded yet, but your article continues below.
Article content
Now that co-founder and one-time chief executive officer Yang has cut his leadership ties to Yahoo, newly appointed CEO Scott Thompson has freer rein to unwind the company’s part-ownership of Alibaba Group Holding Ltd. and Yahoo Japan Corp. He may also do a better job mounting a credible threat to Google Inc. and Facebook Inc. in online advertising, said Clayton Moran, an analyst at Benchmark Co.
“He’s been perceived to be an impediment to change,” Moran said of Yang. “The founder has left, so even though Thompson is new, he is more in control today than yesterday,” said Moran, who is based in Del Ray Beach, Florida, and has a “hold” rating on Yahoo.
Yahoo, the most popular U.S. Web portal, said yesterday that Yang, 43, is stepping down from the board of directors and its management. Yang also left the boards of Yahoo Japan and Alibaba Group, Yahoo said in a statement.
Advertisement
This advertisement has not loaded yet, but your article continues below.
Article content
After co-founding Yahoo with David Filo in 1995 when they were doctoral students at Stanford University, Yang helped create the world’s most popular website, with a market capitalization greater than $100 billion. Yahoo lost its luster in recent years as Google snared a larger share of the search- advertising market and Facebook captured the attention of people who sought a more social experience on the Web.
Yang’s exit follows the ouster of CEO Carol Bartz in September 2011. She was replaced by Thompson, former president of EBay Inc.’s PayPal unit.
Bartz clashed with Alibaba Group Chief Executive Officer Jack Ma, while Yang was unsuccessful in clinching a sale of the stakes in the Asian companies. The changes could make it easier to close a transaction, said Allen Weiner, an analyst at Gartner Inc. in Austin, Texas.
Advertisement
This advertisement has not loaded yet, but your article continues below.
Article content
“By clearing out some artifacts of the past, it’s symbolic of the company’s desire to move forward,” he said. “With Jerry out of the way, it will perhaps make negotiations with the folks at Alibaba easier.”
Alibaba Group CEO Jack Ma said he has “great respect” for what Yang has built at Yahoo.
“Jerry is a longtime friend with whom I have had a strong personal and professional relationship that has withstood some ups and downs over the past few years,” Ma said in statement. “We look forward to continuing our constructive relationship with the Yahoo board and leadership.”
Yang, who had the position of “chief Yahoo,” was CEO from June 2007 to January 2009. After the Sunnyvale, California-based company rejected an acquisition offer from Microsoft for $47.5 billion, Yang was replaced by Bartz as CEO.
Advertisement
This advertisement has not loaded yet, but your article continues below.
Article content
Yahoo investor Third Point LLC late last year demanded two board seats and asked for Yang to step down as a director. Third Point CEO Daniel Loeb cited the “board’s inability — or perhaps unwillingness — to properly solicit true strategic alternative bids, let alone to negotiate them,” in a November statement. Third Point already had called for Chairman Roy Bostock to step down last year.
Four other directors will also depart from Yahoo’s board, the technology blog AllThingsDigital reported yesterday, citing people close to the situation.
Yahoo shares rose 3.5 percent to $15.97 at 9:33 a.m. New York time. Before today, they had declined 8.2 percent in the past 12 months, while Google was little changed.
Born in Taiwan and raised in San Jose, about 10 miles south of Yahoo’s headquarters, Yang and Filo took Yahoo public with CEO Timothy Koogle in 1996.
Advertisement
This advertisement has not loaded yet, but your article continues below.
Article content
As traffic on the Web soared, so did ad revenue, helping Yahoo’s stock value surge. Then the market collapsed during the dot-com bust. After peaking in January 2000, Yahoo shares plummeted 97 percent before bottoming out in September 2001. Today, the company is valued at about $19.7 billion.
Yahoo had already been through management and identity shifts before Bartz’s reign. Terry Semel, a Warner Bros. movie executive who knew Yang from an Allen & Co. media conference in Sun Valley, Idaho, replaced Koogle as CEO in 2001 and stepped up efforts to make the company a media hub. While Semel presided over five years of more than 20 percent sales growth, the company lost its lead in Internet ads to Google.
When Yang became CEO in June 2007, he vowed to renew the struggle against Google’s growing dominance.
Advertisement
This advertisement has not loaded yet, but your article continues below.
Article content
“I’m ready to dig in and make sure we can take Yahoo to the next level,” Yang said at the time.
In 2008, after Yang failed to jump-start sales growth, Microsoft stepped forward to acquire Yahoo — an offer that Yang spurned. Yang tried to assuage investors through a partnership with Google, though the effort was scuttled amid regulatory scrutiny. The company later forged an agreement that handed Internet-search technology to Microsoft, the world’s largest software maker.
Yang’s handling of the Microsoft negotiations rankled investors, including billionaire Carl Icahn, who successfully lobbied to add new board members in 2008. Icahn, who is no longer on the board, sold the last of his stake in 2010.
“My time at Yahoo, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life,” Yang said in a letter to Bostock included in yesterday’s statement. “However, the time has come for me to pursue other interests outside of Yahoo.” Yang didn’t respond to a request for an interview.
Yang still owns 46.6 million shares, or 3.8 percent of the company’s outstanding stock, according to a Nov. 25 filing.
“We appreciate Jerry’s comments and share his enthusiasm for the company’s prospects,” said Bostock. “With Scott Thompson leading an outstanding team of Yahoos to deliver innovative products and an engaging customer experience, Yahoo’s future is bright.”
Bloomberg.com
Share this article in your social network
Advertisement
This advertisement has not loaded yet, but your article continues below.
Financial Post Top Stories
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. 416-383-2300
Thanks for signing up!
A welcome email is on its way. If you don't see it, please check your junk folder.
The next issue of Financial Post Top Stories will soon be in your inbox.
We encountered an issue signing you up. Please try again
Currency in USD
Valuation Measures
Market Cap (intraday)5 | 26.33B |
Enterprise Value3 | N/A |
Trailing P/E | 13.11 |
Forward P/E1 | 8.60 |
PEG Ratio (5 yr expected)1 | 0.18 |
Price/Sales (ttm) | 0.99 |
Price/Book (mrq) | 0.36 |
Enterprise Value/Revenue3 | N/A |
Enterprise Value/EBITDA7 | N/A |
Trading Information
Stock Price History
Beta (5Y Monthly) | 1.41 |
52-Week Change3 | 10.07% |
S&P500 52-Week Change3 | 26.87% |
52 Week High3 | 15.34 |
52 Week Low3 | 10.08 |
50-Day Moving Average3 | 12.86 |
200-Day Moving Average3 | 12.90 |
Share Statistics
Avg Vol (3 month)3 | 3.63M |
Avg Vol (10 day)3 | 3.47M |
Shares Outstanding5 | 2.1B |
Implied Shares Outstanding6 | 2.06B |
Float8 | 1.81B |
% Held by Insiders1 | 7.04% |
% Held by Institutions1 | 32.44% |
Shares Short (Nov 14, 2021)4 | 13.95M |
Short Ratio (Nov 14, 2021)4 | 3.79 |
Short % of Float (Nov 14, 2021)4 | 0.67% |
Short % of Shares Outstanding (Nov 14, 2021)4 | 0.67% |
Shares Short (prior month Oct 14, 2021)4 | 18.41M |
Dividends & Splits
Forward Annual Dividend Rate4 | N/A |
Forward Annual Dividend Yield4 | N/A |
Trailing Annual Dividend Rate3 | 0.13 |
Trailing Annual Dividend Yield3 | 1.00% |
5 Year Average Dividend Yield4 | N/A |
Payout Ratio4 | 0.00% |
Dividend Date3 | May 27, 2019 |
Ex-Dividend Date4 | May 18, 2017 |
Last Split Factor2 | 1048:1000 |
Last Split Date3 | Jun 05, 2014 |
Financial Highlights
Currency in EUR.Fiscal Year
Fiscal Year Ends | Dec 30, 2020 |
Most Recent Quarter (mrq) | Sep 29, 2021 |
Profitability
Profit Margin | 9.98% |
Operating Margin (ttm) | 21.65% |
Management Effectiveness
Return on Assets (ttm) | 0.19% |
Return on Equity (ttm) | 4.07% |
Income Statement
Revenue (ttm) | 24.79B |
Revenue Per Share (ttm) | 11.82 |
Quarterly Revenue Growth (yoy) | 3.50% |
Gross Profit (ttm) | 22.24B |
EBITDA | N/A |
Net Income Avi to Common (ttm) | 2.11B |
Diluted EPS (ttm) | 1.09 |
Quarterly Earnings Growth (yoy) | -3.10% |
Balance Sheet
Total Cash (mrq) | 603.82B |
Total Cash Per Share (mrq) | 292.4 |
Total Debt (mrq) | 478.97B |
Total Debt/Equity (mrq) | N/A |
Current Ratio (mrq) | N/A |
Book Value Per Share (mrq) | 31.22 |
Cash Flow Statement
Operating Cash Flow (ttm) | N/A |
Levered Free Cash Flow (ttm) | N/A |
Deutsche Bank at COP26 - UN Climate Change Conference
All hands on deck to protect our oceans?
The climate crisis is also a water crisis. The protection of our oceans is a key topic at the COP26. But how can this be managed and financed?
Why nature should be an asset
“It’s getting very difficult to be a community, be a nation. The Maldives are facing challenges from many sides,” says his Excellency Mohamed Nasheed, former President of the Maldives. He talks about what he expects from COP26 and what should be done immediately.
Urban Regeneration: the Newcastle Helix project
"Newcastle Helix will save 40,000 tonnes of carbon over 30 years.” What was once a coal mine is now a centre for innovation and sustainable living – with benefits for the environment and society.
Read the survey (PDF) Mobility in an Urban Age
Read the survey (PDF) Read the survey (PDF)Will we witness a shift towards 15-minute walkable urban districts or the persistence of a physically connected one-hour metropolitan region? The Urban Age Debate survey “Localising transport” reflects on the future of transport in cities and its effects on urban patterns
ExpeditionFinance at COP26 – with Christian Sewing
“Finally traction”, is what Christian Sewing, Deutsche Bank’s CEO, wishes for at the COP26. He sees the financial industry well prepared to support the transformation towards a sustainable economy.
Footprint, handprint, heartprint
“It’s about being emotional and winning the hearts of people”, says Tobias Raffel. He is CEO of WERTE foundation that recently conducted a CEO Study. In it, 20 company leaders gave candid insights into how to transition to a low carbon business model.
Deutsche Bank Research Study Government pays a lot to bring e-mobility forward
Deutsche Bank Research Study moreThe range of fiscal support measures shows that the government is spending on increasing the market share of e-cars in Germany. By granting direct subsidies for e-cars, policymakers hope to make up for the price difference between electric and combustion-engine cars.
ExpeditionFinance at COP26 – How to be radical in cities?
“Cities need to be enabled by national governments now”. This is what Philipp Rode, urban development expert from LSE Cities, is calling for.
Deutsche Bank Research Study Green hydrogen as a source of energy: The trillion-euro question
Deutsche Bank Research Study moreIf green hydrogen is to make a significant contribution to climate-friendly energy supply in the future, it will need to be produced in large quantities, be cost-efficient and use low-carbon methods.
dbResearch Podzept podcast Biodiversity - From insects to corporate giants
dbResearch Podzept podcast Listen to podcastThis dbResearch Podzept podcast discusses the corporate response to growing biodiversity concerns, which has been slow. The problem is that companies with higher biodiversity risks can find increased scrutiny from customers, politicians, and investors.
Blue nature, blue economy: partnering with ORRAA to protect our ocean
Deutsche Bank is the first bank to be a full member of the Ocean Risk and Resilience Action Alliance (ORRAA), a multi-sector collaboration designed to drive investment into marine and coastal ecosystems.
Can nature be an asset?
What is the value of a whale? Why and how can we value our nature? Markus Müller, Global Head of Chief Investment Office Private Bank at Deutsche Bank, answers these questions. He is an expert on biodiversity: “If we do not value our nature, we will overuse it.”
Will green investments help us save the planet?
Claire Coustar, Global Head of ESG Fixed Income & Currencies at Deutsche Bank explains: “The green bond market alone has gone from zero to over one trillion US-Dollars in the last ten years.”
Graduate? Professional?
The world is changing, and so are we. This is more than banking.
Opportunities for agile minds start here
Financial releases, reports and calendar
We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals.
Wealth Management
We have global expertise in market analysis and in advisory and capital-raising services for corporations, institutions and governments.
Investment Banking & Capital Markets
Global institutions, leading hedge funds and industry innovators turn to Morgan Stanley for sales, trading and market-making services.
Sales & Trading
We offer timely, integrated analysis of companies, sectors, markets and economies, helping clients with their most critical decisions.
Research
We deliver active investment strategies across public and private markets and custom solutions to institutional and individual investors.
Investment Management
We provide comprehensive workplace financial solutions for organizations and their employees, combining personalized advice with modern technology.
Morgan Stanley at Work
We offer sustainable investment products, foster innovative solutions and provide actionable insights across sustainability issues.
Sustainable Investing
From our startup lab to our cutting-edge research, we broaden access to capital for diverse entrepreneurs and spotlight their success.
Inclusive Innovation
Major Holders
Currency in EURBreakdown
7.04% | % of Shares Held by All Insider |
32.44% | % of Shares Held by Institutions |
34.90% | % of Float Held by Institutions |
574 | Number of Institutions Holding Shares |
Top Institutional Holders
Holder | Shares | Date Reported | % Out | Value |
---|---|---|---|---|
Capital Research Global Investors | 102,971,047 | Sep 30, 2021 | 4.98% | 1,136,594,416 |
Vanguard Group, Inc. (The) | 67,501,953 | Sep 30, 2021 | 3.27% | 745,086,557 |
Hudson Executive Capital, LP | 67,389,676 | Sep 30, 2021 | 3.26% | 743,847,243 |
Cerberus Capital Management, L.P. | 62,035,000 | Sep 30, 2021 | 3.00% | 684,742,330 |
Amundi | 37,096,742 | Sep 30, 2021 | 1.79% | 409,473,838 |
Deutsche Bank Aktiengesellschaft | 29,775,510 | Sep 30, 2021 | 1.44% | 328,662,079 |
Goldman Sachs Group, Inc. | 24,021,516 | Sep 30, 2021 | 1.16% | 265,149,493 |
Bank of America Corporation | 14,477,132 | Sep 30, 2021 | 0.70% | 159,798,583 |
Dz Bank Ag Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main | 12,890,161 | Sep 30, 2021 | 0.62% | 142,281,597 |
Citigroup Inc. | 9,011,950 | Sep 30, 2021 | 0.44% | 99,473,904 |
Top Mutual Fund Holders
Holder | Shares | Date Reported | % Out | Value |
---|---|---|---|---|
Europacific Growth Fund | 89,575,190 | Sep 30, 2021 | 4.33% | 988,730,947 |
Vanguard International Stock Index-Total Intl Stock Indx | 26,007,344 | Jul 31, 2021 | 1.26% | 277,186,272 |
Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund | 13,579,338 | Jun 30, 2021 | 0.66% | 149,182,607 |
American Funds Insurance Ser-International Fund | 11,620,682 | Sep 30, 2021 | 0.56% | 128,269,087 |
iShares Core MSCI EAFE ETF | 10,048,236 | Sep 30, 2021 | 0.49% | 110,912,428 |
iShares MSCI Eafe ETF | 6,880,780 | Sep 30, 2021 | 0.33% | 75,950,049 |
Fidelity International Index Fund | 4,707,509 | Sep 30, 2021 | 0.23% | 51,961,484 |
Vanguard International Stock Index-Vanguard European Stock Index | 4,270,785 | Jul 31, 2021 | 0.21% | 45,518,026 |
Vanguard Intl Equity Index Fds-FTSE All World ex U.S. Index Fund | 3,824,631 | Jul 31, 2021 | 0.19% | 40,762,917 |
iShares MSCI Eafe Value ETF | 3,765,056 | Sep 30, 2021 | 0.18% | 41,558,688 |
Deutsche bank stock yahoo -
Deutsche Bank at COP26 - UN Climate Change Conference
All hands on deck to protect our oceans?
The climate crisis is also a water crisis. The protection of our oceans is a key topic at the COP26. But how can this be managed and financed?
Why nature should be an asset
“It’s getting very difficult to be a community, be a nation. The Maldives are facing challenges from many sides,” says his Excellency Mohamed Nasheed, former President of the Maldives. He talks about what he expects from COP26 and what should be done immediately.
Urban Regeneration: the Newcastle Helix project
"Newcastle Helix will save 40,000 tonnes of carbon over 30 years.” What was once a coal mine is now a centre for innovation and sustainable living – with benefits for the environment and society.
Read the survey (PDF) Mobility in an Urban Age
Read the survey (PDF) Read the survey (PDF)Will we witness a shift towards 15-minute walkable urban districts or the persistence of a physically connected one-hour metropolitan region? The Urban Age Debate survey “Localising transport” reflects on the future of transport in cities and its effects on urban patterns
ExpeditionFinance at COP26 – with Christian Sewing
“Finally traction”, is what Christian Sewing, Deutsche Bank’s CEO, wishes for at the COP26. He sees the financial industry well prepared to support the transformation towards a sustainable economy.
Footprint, handprint, heartprint
“It’s about being emotional and winning the hearts of people”, says Tobias Raffel. He is CEO of WERTE foundation that recently conducted a CEO Study. In it, 20 company leaders gave candid insights into how to transition to a low carbon business model.
Deutsche Bank Research Study Government pays a lot to bring e-mobility forward
Deutsche Bank Research Study moreThe range of fiscal support measures shows that the government is spending on increasing the market share of e-cars in Germany. By granting direct subsidies for e-cars, policymakers hope to make up for the price difference between electric and combustion-engine cars.
ExpeditionFinance at COP26 – How to be radical in cities?
“Cities need to be enabled by national governments now”. This is what Philipp Rode, urban development expert from LSE Cities, is calling for.
Deutsche Bank Research Study Green hydrogen as a source of energy: The trillion-euro question
Deutsche Bank Research Study moreIf green hydrogen is to make a significant contribution to climate-friendly energy supply in the future, it will need to be produced in large quantities, be cost-efficient and use low-carbon methods.
dbResearch Podzept podcast Biodiversity - From insects to corporate giants
dbResearch Podzept podcast Listen to podcastThis dbResearch Podzept podcast discusses the corporate response to growing biodiversity concerns, which has been slow. The problem is that companies with higher biodiversity risks can find increased scrutiny from customers, politicians, and investors.
Blue nature, blue economy: partnering with ORRAA to protect our ocean
Deutsche Bank is the first bank to be a full member of the Ocean Risk and Resilience Action Alliance (ORRAA), a multi-sector collaboration designed to drive investment into marine and coastal ecosystems.
Can nature be an asset?
What is the value of a whale? Why and how can we value our nature? Markus Müller, Global Head of Chief Investment Office Private Bank at Deutsche Bank, answers these questions. He is an expert on biodiversity: “If we do not value our nature, we will overuse it.”
Will green investments help us save the planet?
Claire Coustar, Global Head of ESG Fixed Income & Currencies at Deutsche Bank explains: “The green bond market alone has gone from zero to over one trillion US-Dollars in the last ten years.”
Graduate? Professional?
The world is changing, and so are we. This is more than banking.
Opportunities for agile minds start here
Financial releases, reports and calendar
Thanks for signing up!
A welcome email is on its way. If you don't see it, please check your junk folder.
The next issue of Financial Post Top Stories will soon be in your inbox.
We encountered an issue signing you up. Please try again