Berenberg Equity Research

Economics, Economics


Trade tensions, China and other risks take their toll

Recro Pharma Inc., Specialty Pharmaceuticals, PT USD 18.00 (no change)


High hopes ahead of March 24 PDUFA

Software & IT Services, Software & IT Services


The real value of growth

Cross Sector, Cross Sector


Crunch time - looking ahead to Q4

Nautilus Inc., Leisure, PT USD 6.00 (11.00)


Q4 miss likely confirms our fears

Rayonier Advanced Materials Inc., Chemicals, PT USD 21.00 (24.00)


Cutting PT to $21 on lower pricing; maintain Buy

HelloFresh SE, Media, PT EUR 16.00


Meal kits firmly back on the menu

Eddie Stobart Logistics plc, Business Services, PT GBp 200 (no change)


Shared model driving growth

Base Resources Ltd, Metals & Mining, PT GBp 23 (24)


Tougher quarter, valuation still attractive

Carl Zeiss Meditec AG, Med. Tech/Services, PT EUR 68.00 (63.00)


Top company but tough to visualise value

JPMorgan Chase & Co, Banking, PT USD 85.00 (no change)


Remarkably unremarkable

Eurofins Scientific SA, Business Services, PT EUR 470.00 (500.00)


Growth and balance sheet health test positive

News: Berenberg

MARKETS | Monitor: In 2018 there were fewer assets with positive returns than in 2008
BERENBERG | 07.01.2019
MARKETS | Monitor: In 2018 there were fewer assets with positive returns than in 2008
Horizon Q1 2019 | The Berenberg Capital Market Outlook
BERENBERG | 20.12.2018
Horizon Q1 2019 | The Berenberg Capital Market Outlook
Elite Report Award 2019: Berenberg again “Best Asset Manager”
BERENBERG | 29.11.2018
Elite Report Award 2019: Berenberg again “Best Asset Manager”
Berenberg brand ambassador Bernhard Langer wins Schwab Cup 2018 - The German golf legend continues to dominate the Champions Tour.
BERENBERG | 13.11.2018
Berenberg brand ambassador Bernhard Langer wins Schwab Cup 2018 - The German golf legend continues to dominate the Champions Tour.
Global Private Banking Awards 2018: Berenberg named “Best Private Bank in Germany” for the eighth time in a row
BERENBERG | 08.11.2018
Global Private Banking Awards 2018: Berenberg named “Best Private Bank in Germany” for the eighth time in a row
Berenberg Corporate Responsibility Award goes to Ritter Sport
BERENBERG | 27.09.2018
Berenberg Corporate Responsibility Award goes to Ritter Sport
Horizon Q4 | The Berenberg Capital Market Outlook
BERENBERG | 26.09.2018
Horizon Q4 | The Berenberg Capital Market Outlook
Horizon: Capital Market Outlook of Berenberg's Wealth and Asset Management
BERENBERG | 04.09.2018
Horizon: Capital Market Outlook of Berenberg's Wealth and Asset Management
Euromoney Awards for Excellence 2018: Berenberg is Germany's best investment bank
BERENBERG | 13.07.2018
Euromoney Awards for Excellence 2018: Berenberg is Germany's best investment bank
Ethical family-owned companies wanted - Berenberg recognises corporate responsibility
BERENBERG | 30.05.2018
Ethical family-owned companies wanted - Berenberg recognises corporate responsibility
Berenberg receives award as best asset manager for German equities
BERENBERG | 09.05.2018
Berenberg receives award as best asset manager for German equities
Mark O’Meara joins Berenberg’s brand ambassador programme
BERENBERG | 07.05.2018
Mark O’Meara joins Berenberg’s brand ambassador programme
Private Banker International Awards: Berenberg wins award as Germany’s best private bank
BERENBERG | 02.05.2018
Private Banker International Awards: Berenberg wins award as Germany’s best private bank
Berenberg Digital Infrastructure Debt Fund I invests in the expansion of fibre-optic networks
BERENBERG | 09.04.2018
Berenberg Digital Infrastructure Debt Fund I invests in the expansion of fibre-optic networks
Equity Capital Markets Awards: “Best Bank for Small Cap Equity Capital Markets” and “IPO of the Year”
BERENBERG | 03.04.2018
Equity Capital Markets Awards: “Best Bank for Small Cap Equity Capital Markets” and “IPO of the Year”
Berenberg/HWWI Study: Shipping in an era of digital transformation: Structural shift in shipping – opportunities through digital networking
BERENBERG | 27.03.2018
Berenberg/HWWI Study: Shipping in an era of digital transformation: Structural shift in shipping – opportunities through digital networking
2018 Private Banking Survey: Euromoney Award for Berenberg
BERENBERG | 16.02.2018
2018 Private Banking Survey: Euromoney Award for Berenberg
Nasdaq morning bell to celebrate our relocation
BERENBERG | 13.02.2018
Nasdaq morning bell to celebrate our relocation
Baum Quartett receives Berenberg Culture Prize
BERENBERG | 07.02.2018
Baum Quartett receives Berenberg Culture Prize
Berenberg delivers another year of strong growth as investment continues
BERENBERG | 05.02.2018
Berenberg delivers another year of strong growth as investment continues
Berenberg named Best Mid-Market Equity House at IFR Awards
BERENBERG | 04.01.2018
Berenberg named Best Mid-Market Equity House at IFR Awards
Berenberg brand ambassador Georgia Hall wins the Ladies European Tour
BERENBERG | 13.12.2017
Berenberg brand ambassador Georgia Hall wins the Ladies European Tour
Elite Report: Berenberg “Best Asset Manager
BERENBERG | 21.11.2017
Elite Report: Berenberg “Best Asset Manager" once again in 2018
Berenberg prize for corporate responsibility goes to Orthomol
BERENBERG | 15.11.2017
Berenberg prize for corporate responsibility goes to Orthomol
Berenberg appoints Lars Albert as Head of Sales Asset Management
BERENBERG | 02.11.2017
Berenberg appoints Lars Albert as Head of Sales Asset Management
EUROPEAN EQUITIES: PROFIT GROWTH CONTINUES TO DRIVE THE RALLY
BERENBERG | 02.11.2017
EUROPEAN EQUITIES: PROFIT GROWTH CONTINUES TO DRIVE THE RALLY
Global Private Banking Awards 2017: Berenberg “Best Private Bank in Germany” for the seventh time in a row
BERENBERG | 27.10.2017
Global Private Banking Awards 2017: Berenberg “Best Private Bank in Germany” for the seventh time in a row
Berenberg to set up two new equity funds with Peter Kraus with a focus on European second-tier stocks
BERENBERG | 11.10.2017
Berenberg to set up two new equity funds with Peter Kraus with a focus on European second-tier stocks
Berenberg launches two new Europe-focused equity funds with Matthias Born
BERENBERG | 04.10.2017
Berenberg launches two new Europe-focused equity funds with Matthias Born
ROBUST START TO THE END-OF-YEAR RUSH – BONDS FROM EMERGING ECONOMIES REMAIN ATTRACTIVE
BERENBERG | 28.09.2017
ROBUST START TO THE END-OF-YEAR RUSH – BONDS FROM EMERGING ECONOMIES REMAIN ATTRACTIVE
Henning Gebhardt receives Sauren Golden Award 2017
BERENBERG | 08.09.2017
Henning Gebhardt receives Sauren Golden Award 2017
Additional shipping loan portfolio for Berenberg
BERENBERG | 05.09.2017
Additional shipping loan portfolio for Berenberg
Market Commentary: Small and Medium-Size German Companies
BERENBERG | 23.08.2017
Market Commentary: Small and Medium-Size German Companies
Berenberg brand ambassador Langer wins third major in 2017
BERENBERG | 31.07.2017
Berenberg brand ambassador Langer wins third major in 2017
Equity Capital Markets - Berenberg successful in ECM transactions
BERENBERG | 26.07.2017
Equity Capital Markets - Berenberg successful in ECM transactions
Berenberg and Henning Gebhardt are launching an equities fund
BERENBERG | 22.06.2017
Berenberg and Henning Gebhardt are launching an equities fund
Berenberg/HWWI study: The market for digital payment systems is growing – Germany is in last place when it comes to mobile payment usage
BERENBERG | 13.06.2017
Berenberg/HWWI study: The market for digital payment systems is growing – Germany is in last place when it comes to mobile payment usage
Berenberg hires star fund manager Matthias Born
BERENBERG | 27.04.2017
Berenberg hires star fund manager Matthias Born
Tom Watson becomes Berenberg brand ambassador
BERENBERG | 12.04.2017
Tom Watson becomes Berenberg brand ambassador
Berenberg’s net profit for the year increases by 56% to €161 million
BERENBERG | 07.02.2017
Berenberg’s net profit for the year increases by 56% to €161 million
Berenberg is
BERENBERG | 02.11.2016
Berenberg is "Best Private Bank in Germany"

News: Economics

UK: THE SAFEGUARDS AGAINST A HARD BREXIT
ECONOMICS | 23.11.2018
UK: THE SAFEGUARDS AGAINST A HARD BREXIT
HOW SERIOUS IS THE STOCK MARKET CORRECTION?
ECONOMICS | 22.11.2018
HOW SERIOUS IS THE STOCK MARKET CORRECTION?
US: CONSUMPTION AND GOVERNMENT PURCHASES LIFT Q3 GDP ABOVE EXPECTATIONS
ECONOMICS | 26.10.2018
US: CONSUMPTION AND GOVERNMENT PURCHASES LIFT Q3 GDP ABOVE EXPECTATIONS
Crypto Currencies - Between Hype and Scepticism
ECONOMICS | 17.10.2018
Crypto Currencies - Between Hype and Scepticism
FED MINUTES: GRADUAL RATE INCREASES LIKELY, BUT EVOLUTION OF DATA IS KEY
ECONOMICS | 17.10.2018
FED MINUTES: GRADUAL RATE INCREASES LIKELY, BUT EVOLUTION OF DATA IS KEY
COMMENTS ON THE STOCK MARKET CORRECTION
ECONOMICS | 11.10.2018
COMMENTS ON THE STOCK MARKET CORRECTION
ASSESSING THE U.S. MIDTERM ELECTIONS: UNCERTAIN OUTCOMES AND IMPLICATIONS
ECONOMICS | 08.10.2018
ASSESSING THE U.S. MIDTERM ELECTIONS: UNCERTAIN OUTCOMES AND IMPLICATIONS
U.S.: SEPTEMBER EMPLOYMENT REPORT SOLID DESPITE LOWER-THAN-EXPECTED HEADLINE
ECONOMICS | 05.10.2018
U.S.: SEPTEMBER EMPLOYMENT REPORT SOLID DESPITE LOWER-THAN-EXPECTED HEADLINE
FED RAISES RATES AND SIGNALS GRADUAL REMOVAL OF MONETARY ACCOMMODATION
ECONOMICS | 26.09.2018
FED RAISES RATES AND SIGNALS GRADUAL REMOVAL OF MONETARY ACCOMMODATION
U.S.: ECONOMIC AND FINANCIAL MARKET RESPONSES TO FED RATE INCREASES
ECONOMICS | 24.09.2018
U.S.: ECONOMIC AND FINANCIAL MARKET RESPONSES TO FED RATE INCREASES
10 YEARS AFTER: 10 LESSONS FROM THE FINANCIAL CRISIS
ECONOMICS | 11.09.2018
10 YEARS AFTER: 10 LESSONS FROM THE FINANCIAL CRISIS
GREECE EXITS BAILOUT - EURO CRISIS
ECONOMICS | 20.08.2018
GREECE EXITS BAILOUT - EURO CRISIS "OFFICIALLY" OVER
TURKISH CONTAGION RISKS: ITALY, EUROZONE, EMERGING MARKETS?
ECONOMICS | 17.08.2018
TURKISH CONTAGION RISKS: ITALY, EUROZONE, EMERGING MARKETS?
TURKEY: SOARING INFLATION + ERDOGAN’S AUTHORITARIAN RULE = FINANCIAL CRISIS
ECONOMICS | 14.08.2018
TURKEY: SOARING INFLATION + ERDOGAN’S AUTHORITARIAN RULE = FINANCIAL CRISIS
US Q2 INVENTORY LIQUIDATION POINTS TO HEALTHY PRODUCTION GROWTH IN H2
ECONOMICS | 08.08.2018
US Q2 INVENTORY LIQUIDATION POINTS TO HEALTHY PRODUCTION GROWTH IN H2
US NOMINAL GDP ACCELERATION: PAY MORE ATTENTION TO IT
ECONOMICS | 06.08.2018
US NOMINAL GDP ACCELERATION: PAY MORE ATTENTION TO IT
BOE TO MARKETS - STEP UP RATE HIKE EXPECTATIONS
ECONOMICS | 02.08.2018
BOE TO MARKETS - STEP UP RATE HIKE EXPECTATIONS
EUROZONE GDP: AUTUMN REBOUND AHEAD AFTER A SOFT PATCH NOW
ECONOMICS | 31.07.2018
EUROZONE GDP: AUTUMN REBOUND AHEAD AFTER A SOFT PATCH NOW
US: STRONG REAL GDP GROWTH IN Q2 POINTS TO SUSTAINED HEALTHY GROWTH IN THE SECOND HALF
ECONOMICS | 27.07.2018
US: STRONG REAL GDP GROWTH IN Q2 POINTS TO SUSTAINED HEALTHY GROWTH IN THE SECOND HALF
CYCLICAL ANALYSIS OF PROFITS AND STOCK MARKET PERFORMANCE IN JAPAN AND CANADA
ECONOMICS | 25.07.2018
CYCLICAL ANALYSIS OF PROFITS AND STOCK MARKET PERFORMANCE IN JAPAN AND CANADA
TRUMP INTENSIFIES TRADE PRESSURES ON CHINA: OBSERVATIONS
ECONOMICS | 12.07.2018
TRUMP INTENSIFIES TRADE PRESSURES ON CHINA: OBSERVATIONS
GERMAN ECONOMY: HOW SERIOUS IS THE SLOWDOWN?
ECONOMICS | 11.07.2018
GERMAN ECONOMY: HOW SERIOUS IS THE SLOWDOWN?
FED RAISES POLICY RATE, PROJECTS TWO MORE HIKES THIS YEAR
ECONOMICS | 13.06.2018
FED RAISES POLICY RATE, PROJECTS TWO MORE HIKES THIS YEAR
PREVIEW OF FED’S JUNE FOMC MEETING
ECONOMICS | 11.06.2018
PREVIEW OF FED’S JUNE FOMC MEETING
ONE YEAR MACRON: FRANCE IS TURNING THE CORNER
ECONOMICS | 15.05.2018
ONE YEAR MACRON: FRANCE IS TURNING THE CORNER
VISUALIZING GLOBAL TRADE: RISING VOLUMES, MULTILATERAL FLOWS
ECONOMICS | 25.04.2018
VISUALIZING GLOBAL TRADE: RISING VOLUMES, MULTILATERAL FLOWS
ITALY'S COALITION PUZZLE: MISSION IMPOSSIBLE?
ECONOMICS | 18.04.2018
ITALY'S COALITION PUZZLE: MISSION IMPOSSIBLE?
TRUMP'S CHAOTIC TRADE NEGOTIATIONS WILL LIKELY RESULT IN LOWER BARRIERS, BUT AT A COST
ECONOMICS | 04.04.2018
TRUMP'S CHAOTIC TRADE NEGOTIATIONS WILL LIKELY RESULT IN LOWER BARRIERS, BUT AT A COST
Berenberg/HWWI-study
ECONOMICS | 27.03.2018
Berenberg/HWWI-study "Shipping in an era of digital transformation"
POLITICAL UPDATE: WHAT NEXT FOR ITALY?
ECONOMICS | 16.03.2018
POLITICAL UPDATE: WHAT NEXT FOR ITALY?
PROPOSED TARIFFS, POLITICAL DISCORD, AND MARKETS
ECONOMICS | 07.03.2018
PROPOSED TARIFFS, POLITICAL DISCORD, AND MARKETS
CONUNDRUM: WHAT IF BOND YIELDS STAY TOO LOW AGAIN?
ECONOMICS | 06.03.2018
CONUNDRUM: WHAT IF BOND YIELDS STAY TOO LOW AGAIN?
AFTER ITALY: DEALING WITH THE POPULIST MENACE IN EUROPE
ECONOMICS | 06.03.2018
AFTER ITALY: DEALING WITH THE POPULIST MENACE IN EUROPE
ITALY: A MAJOR POLITICAL UPSET
ECONOMICS | 05.03.2018
ITALY: A MAJOR POLITICAL UPSET
PRESIDENT TRUMP'S PROPOSED TARIFFS ON STEEL AND ALUMINUM: THE ECONOMIC IMPLICATIONS OF WRONG-HEADED POLICIES
ECONOMICS | 02.03.2018
PRESIDENT TRUMP'S PROPOSED TARIFFS ON STEEL AND ALUMINUM: THE ECONOMIC IMPLICATIONS OF WRONG-HEADED POLICIES
EUROZONE SENTIMENT STILL LOOKS PROMISING DESPITE SMALL CORRECTION
ECONOMICS | 27.02.2018
EUROZONE SENTIMENT STILL LOOKS PROMISING DESPITE SMALL CORRECTION
FED CHAIR POWELL’S TESTIMONY: BULLISH ON ECONOMIC MOMENTUM
ECONOMICS | 27.02.2018
FED CHAIR POWELL’S TESTIMONY: BULLISH ON ECONOMIC MOMENTUM
THE STORY BEHIND GERMANY'S CURRENT ACCOUNT
ECONOMICS | 23.02.2018
THE STORY BEHIND GERMANY'S CURRENT ACCOUNT
MOMENTUM IN GLOBAL ECONOMIES AND TRADE
ECONOMICS | 16.02.2018
MOMENTUM IN GLOBAL ECONOMIES AND TRADE
ITALIAN ELECTION: ASSESSING THE RISKS
ECONOMICS | 15.02.2018
ITALIAN ELECTION: ASSESSING THE RISKS
MONDAY MACRO UPDATE: MARKET RISKS, GERMAN POLITICS, BREXIT
ECONOMICS | 12.02.2018
MONDAY MACRO UPDATE: MARKET RISKS, GERMAN POLITICS, BREXIT
GERMAN COALITION: THEY HAVE A DEAL, BUT NOT YET A GOVERNMENT
ECONOMICS | 07.02.2018
GERMAN COALITION: THEY HAVE A DEAL, BUT NOT YET A GOVERNMENT
THE EUROZONE LABOUR MARKET: NICE JOB
ECONOMICS | 02.02.2018
THE EUROZONE LABOUR MARKET: NICE JOB
TRUMP’S STATE OF THE UNION – ECONOMIC TAKEAWAYS ON INFRASTRUCTURE SPENDING INITIATIVE
ECONOMICS | 30.01.2018
TRUMP’S STATE OF THE UNION – ECONOMIC TAKEAWAYS ON INFRASTRUCTURE SPENDING INITIATIVE
MACRO UPDATE: GERMAN COALITION, GERMAN STRIKES, ITALIAN ELECTION, CATALONIA
ECONOMICS | 29.01.2018
MACRO UPDATE: GERMAN COALITION, GERMAN STRIKES, ITALIAN ELECTION, CATALONIA
RETURN TO THE MEAN: THE CURRENCY STORY
ECONOMICS | 26.01.2018
RETURN TO THE MEAN: THE CURRENCY STORY
US Q4 REAL GDP: STRONG DOMESTIC DEMAND AND MOMENTUM SUGGEST MORE TO COME
ECONOMICS | 26.01.2018
US Q4 REAL GDP: STRONG DOMESTIC DEMAND AND MOMENTUM SUGGEST MORE TO COME
GERMAN SPD NARROWLY BACKS NEW TERM FOR MERKEL - BUT RISKS REMAIN
ECONOMICS | 21.01.2018
GERMAN SPD NARROWLY BACKS NEW TERM FOR MERKEL - BUT RISKS REMAIN
OUTLOOK 2018: ALMOST TOO GOOD TO BE TRUE?
ECONOMICS | 17.01.2018
OUTLOOK 2018: ALMOST TOO GOOD TO BE TRUE?
US: ELEVATED SENTIMENT BODES WELL FOR 2018 REAL ACTIVITY
ECONOMICS | 10.01.2018
US: ELEVATED SENTIMENT BODES WELL FOR 2018 REAL ACTIVITY
GLOBAL OUTLOOK 2018: COPING WITH THE BOOM
ECONOMICS | 04.01.2018
GLOBAL OUTLOOK 2018: COPING WITH THE BOOM
U.S. TAX REFORM LEGISLATION OBSERVATIONS
ECONOMICS | 21.12.2017
U.S. TAX REFORM LEGISLATION OBSERVATIONS
U.S. TAX REFORM TO LIFT GROWTH, PROFITS, EMPLOYMENT, AND WAGES
ECONOMICS | 17.12.2017
U.S. TAX REFORM TO LIFT GROWTH, PROFITS, EMPLOYMENT, AND WAGES
Eurozone outlook: how hot can it get?
ECONOMICS | 06.12.2017
Eurozone outlook: how hot can it get?
The great convergence: Eurozone labour costs
ECONOMICS | 01.12.2017
The great convergence: Eurozone labour costs
EUROZONE SENTIMENT: SOFT DATA SIGNALS UPSIDE RISK FOR COMING QUARTERS
ECONOMICS | 29.11.2017
EUROZONE SENTIMENT: SOFT DATA SIGNALS UPSIDE RISK FOR COMING QUARTERS
The 2017 Euro Plus Monitor - into a higher gear
ECONOMICS | 29.11.2017
The 2017 Euro Plus Monitor - into a higher gear
US CONSUMER - CONFIDENCE DRIVEN SPENDING
ECONOMICS | 28.11.2017
US CONSUMER - CONFIDENCE DRIVEN SPENDING
UPDATED HOUSE-SENATE SIDE-BY-SIDE TAX LEGISLATION COMPARISON
ECONOMICS | 21.11.2017
UPDATED HOUSE-SENATE SIDE-BY-SIDE TAX LEGISLATION COMPARISON
FOUR GERMAN QUESTIONS
ECONOMICS | 20.11.2017
FOUR GERMAN QUESTIONS
US: HOUSE PASSES ITS TAX BILL, SENATE UP NEXT
ECONOMICS | 16.11.2017
US: HOUSE PASSES ITS TAX BILL, SENATE UP NEXT
US: CORE CONSUMER PRICES FIRMING AND RETAIL SALES SOLID IN OCTOBER
ECONOMICS | 15.11.2017
US: CORE CONSUMER PRICES FIRMING AND RETAIL SALES SOLID IN OCTOBER
GERMANY: THE BEST OF THE GOLDEN DECADE
ECONOMICS | 14.11.2017
GERMANY: THE BEST OF THE GOLDEN DECADE
EUROZONE GROWTH: EVEN ITALY AND PORTUGAL ARE HELPING
ECONOMICS | 14.11.2017
EUROZONE GROWTH: EVEN ITALY AND PORTUGAL ARE HELPING
TIME TO WORRY? OIL PRICES AND GEOPOLITICAL RISKS
ECONOMICS | 10.11.2017
TIME TO WORRY? OIL PRICES AND GEOPOLITICAL RISKS
US House, Senate Tax Legislation Bills Advance
ECONOMICS | 10.11.2017
US House, Senate Tax Legislation Bills Advance
SHOULD THE ECB STILL RELY ON THE PHILLIPS CURVE?
ECONOMICS | 03.11.2017
SHOULD THE ECB STILL RELY ON THE PHILLIPS CURVE?
CHART OF THE WEEK - BOND YIELDS: WHAT HAPPENS WHEN EASY MONEY ENDS?
ECONOMICS | 20.10.2017
CHART OF THE WEEK - BOND YIELDS: WHAT HAPPENS WHEN EASY MONEY ENDS?
BOND YIELDS: WHAT HAPPENS WHEN EASY MONEY ENDS?
ECONOMICS | 20.10.2017
BOND YIELDS: WHAT HAPPENS WHEN EASY MONEY ENDS?
THE POWER OF MONEY: STABLE UPSWING AHEAD
ECONOMICS | 13.10.2017
THE POWER OF MONEY: STABLE UPSWING AHEAD
U.S. CONFIDENCE POINTS TOWARD SUSTAINED MOMENTUM
ECONOMICS | 09.10.2017
U.S. CONFIDENCE POINTS TOWARD SUSTAINED MOMENTUM
NOTES ON THE INFLATION PUZZLE
ECONOMICS | 06.10.2017
NOTES ON THE INFLATION PUZZLE
NOTES ON THE INFLATION PUZZLE
ECONOMICS | 06.10.2017
NOTES ON THE INFLATION PUZZLE
THE BERENBERG GUIDE TO THE GERMAN ELECTION
ECONOMICS | 21.09.2017
THE BERENBERG GUIDE TO THE GERMAN ELECTION
THE BOE'S JOB IS DONE: IT IS TIME FOR RATE HIKES
ECONOMICS | 01.09.2017
THE BOE'S JOB IS DONE: IT IS TIME FOR RATE HIKES

Our Departments

Around 1,600 employees assist our clients with first-class services and profound know-how in four business divisions.

WEALTH MANAGEMENT

WEALTH MANAGEMENT

What is excellent wealth management? To us it means providing comprehensive support to you as a high-net-worth individual and your relatives – in all areas which directly or indirectly impact your financial situation.

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Asset Management

Asset Management

Berenberg Asset Management offers private and institutional investors innovative concepts and professional risk management strategies. Our experts develop solutions that are specifically configured for your needs and address your return, risk and liquidity goals, focussing preferentially on selected areas where we have especially deep knowledge.

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Investment Banking

Investment Banking

Berenberg’s investment banking activities cover a broad range of services.

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Corporate Banking

Berenberg embodies high-quality and independent advice, mutual trust as well as fast and reliable decision-making.

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Berenberg Funds

Financial Partners

Equity funds in the spotlight

Equity investments offer return opportunities, but are also subject to higher fluctuations. Our experienced fund managers for German and European stocks and small caps pursue a clear investment philosophy. They epitomise fundamental equity analysis, a long-term investment horizon and continuous risk management.

Know-how and experience – the Berenberg flagship fund combines these two factors for success. The fund bears the signature of “Mr Stock” Henning Gebhardt and builds on the expertise of Germany’s oldest private bank.

Berenberg Aktien-Strategie Deutschland

The Berenberg European Focus Fund and the Berenberg Eurozone Focus Fund are managed by Matthias Born. The specialist for European stocks is well-known for his long-term investment horizon and his highly active approach going beyond benchmarks.

European funds

Peter Kraus invests in hidden champions and companies with high growth potential. He applies his long-term investment approach to the Berenberg European Small Cap and the Berenberg European Micro Cap funds.

Small cap funds

    Founded in 1590 – Berenberg is the second-oldest bank in the world

    Private bank Berenberg traces its roots back to the year 1590. It is thus not only one of the oldest banks in the world, it has also seen a highly dynamic development in the past few years.

    Cornelius Berenberg – A mischievous character with vision

    Cornelius Berenberg started to work in his father’s trading company at the tender age of 16, and soon proved to be a visionary businessman. Thanks to his ideas and energy, within a few years the Berenberg company had become one of the highest-earning in the City of Hamburg. In an interesting note, he was the first in our ancestral line to be immortalized in oil.

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    Keeping the Berenberg name

    After 175 years the fifth generation of the Berenberg was the first to lack a male heir. Only the daughter Elisabeth can ensure that the business stays in the family, by marrying the accomplished businessman Johann Hinrich Gossler. Fortunately, he is someone who appreciates tradition.

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    A man for trying times

    Another Berenberg who stood by Hamburg: Cornelius Berenberg, son of John B., helped soldiers at the front with “charitable gifts.” He played a major part in getting Hamburg back onto a growth course after the war. Cornelius also had political courage, supporting Jewish businessmen and helping some to flee.

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    The Berenbergs help Hamburg get ahead

    In 1882 Hamburg started to surge ahead in what would be an exceptional boom period, as the city joined the German customs union and got a duty-free port. This became the engine of the city’s economic development, thanks to John Berenberg-Gossler, who now wasn’t just a “von” but was also ennobled as a baron.

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      Our services are not available to US persons that Berenberg cannot serve through its US broker-dealer affiliate Berenberg Capital Markets LLC, Boston, MA under the Rule 15a-6 of the US Securities Exchange Act of 1934.

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      Phone +44 20 3207-7800

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      6776 Grevenmacher
      Phone +352 46 63 80-1

      Munich

      Maximilianstraße 30
      80539 Munich
      Phone +49 89 25 55 12-0

      New York

      1251 Avenue of the Americas, 53rd Floor
      New York, NY 10020
      Phone +1 646 949-9000

      Paris

      48, avenue Victor Hugo
      75116 Paris
      Phone +33 1 58 44 95-00

      San Francisco

      One Market Street, Spear Tower Suite 3500
      San Francisco, CA 94105
      Phone +1 415-802-2520

      Stuttgart

      Bolzstraße 8
      70173 Stuttgart
      Phone +49 711 490 44 90-30

      Vienna

      Schottenring 12, 1. DG
      1010 Vienna
      Phone +43 1 227 57-0

      Zurich

      Freischützgasse 10
      8004 Zurich
      Phone +41 44 283-2020

      Geneva

      14, place de la Fusterie
      1204 Genève
      Phone +41 22 317106-0