TRADING IDEAS
#DeutscheBank and #Mastercard to deepen cooperation on payments
#Deutsche Bank (DE:DBKGn) and Mastercard (NYSE:MA) said on Wednesday they would deepen their collaboration as the German lender aims for a greater share of the payments business.
The partnership will seek to jointly develop digital payment solutions for companies, they said.
McKinsey and Capgemini are projecting growth in digital payments revenues and transactions, and Deutsche Bank hopes that the segment will provide it with additional income as its further cut’s costs.
"The coronavirus pandemic has triggered exponential growth in corporates' demand for digital payment solutions," said Ole Matthiessen, Deutsche Bank's global head of cash management.
On technical fronts Deutsche Bank (DE:DBKGn)RSI stood at 69.23andcurrently stock is trading Above all Moving Averages. So, BUY position can be taken with following target and stop loss.
#TRADESIGNAL - :Deutsche Bank (DE:DBKGn)- BUY: 9.91, TARGET: 10.18, STOP LOSS : 9.64
#DeutscheBank and #Mastercard to deepen cooperation on payments
#Deutsche Bank (DE:DBKGn) and Mastercard (NYSE:MA) said on Wednesday they would deepen their collaboration as the German lender aims for a greater share of the payments business.
The partnership will seek to jointly develop digital payment solutions for companies, they said.
McKinsey and Capgemini are projecting growth in digital payments revenues and transactions, and Deutsche Bank hopes that the segment will provide it with additional income as its further cut’s costs.
"The coronavirus pandemic has triggered exponential growth in corporates' demand for digital payment solutions," said Ole Matthiessen, Deutsche Bank's global head of cash management.
On technical fronts Deutsche Bank (DE:DBKGn)RSI stood at 69.23andcurrently stock is trading Above all Moving Averages. So, BUY position can be taken with following target and stop loss.
#TRADESIGNAL - :Deutsche Bank (DE:DBKGn)- BUY: 9.91, TARGET: 10.18, STOP LOSS : 9.64