Adidas Runs Ahead, Amundi Beats, Deutsche Bank Down
On this episode of Stock Movers:
- Adidas shares soar as much as 8.3%, supported by 1Q revenue and operating profit beat that offered encouraging start to the year. Analysts are now awaiting more detailed commentary on how events such as the soccer World Cup and the sub-two-hour marathon milestone are contributing to the company’s sales growth. So far, the apparel maker has reiterated its full-year guidance.
- Amundi reported its biggest quarterly inflows in more than four years and said it remains optimistic for the rest of 2026, even as geopolitical upheaval and macroeconomic uncertainty buffeted global markets.Adjusted pretax profit rose 13% from a year earlier to €510 million, beating the €468 million average estimate of analysts surveyed by Bloomberg. Adjusted net income climbed 15% to €349 million, also topping estimates.
- Deutsche Bank suffered a dent in its exposure to commercial real estate and highlighted that the asset continues to be a problem for it.First-quarter credit provisions in the investment bank surged 77% year over year to €290 million ($339 million), “driven by a single-name event” linked to commercial property, Germany’s biggest lender said Wednesday.
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