Deutsche Bank
Report published August 30, 2026
Deutsche Bank Weekly Update: Affirm Earnings Outperformance, PayPal M&A Shifts & Dana Point Tech Conference Recap
Source and citation context
- Issuer
- Deutsche Bank
- Report date
- August 30, 2026
- Analysis as of
- Not stated in source
Authors / editors: Nate Svensson, CFA, Hersh Shintre, CFA, Paul Tomaszewski
Finvaulta summarizes Deutsche Bank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Weekly UpdateEquitiesFinancialsInformation Technology
Deutsche Bank recaps takeaways from its 2026 Tech Conference in Dana Point alongside sector developments. Highlights include Affirm's earnings beat and raised EPS estimates, as well as the termination of Stripe and Advent's reported pursuit of PayPal.
Key Takeaways
- 1.Affirm exceeded expectations across GMV, revenue, and profitability in 4Q26 results, showing healthy consumer spending and credit trends in contrast to Klarna's recent results.
- 2.Stripe and Advent reportedly abandoned their $50B pursuit of PayPal, removing a potential upside catalyst and returning market focus to standalone execution and turnaround priorities.
- 3.Deutsche Bank raised Affirm's FY27/FY28/FY29 adjusted EPS estimates to $4.72, $5.80, and $7.15 following strong earnings.
Table of Contents
- Postcard from Dana Point
- Recently Published Research
- What We Are Reading
- Model Updates
- Appendix 1
Report data
Figure 1: WTD, QTD, and YTD Performance
| Metric | Estimate | Context |
|---|---|---|
| AFRM FY27 Adj. EPS Estimate | 4.72 USD | Raised from prior Deutsche Bank estimate of $4.41 following 4Q26 earnings. |
| AFRM FY27 GMV Guidance | 64.0 USD Billion | Management guidance framework of >$64.0bn GMV (>27% y/y growth). |
| Payments & Fintech Average WTD Return | -1.0% | Weekly performance of Payments & Fintech peer group. |
| IT Services Average WTD Return | 2.5% | Weekly performance of IT Services peer group. |
Document Preview
Access the Full Report
Get unlimited access to institutional research reports. Create an account to get started.
Authors / Editors
Nate Svensson, CFAHersh Shintre, CFAPaul Tomaszewski
Reported Data Context
- AFRM FY27 Adj. EPS Estimate: 4.72 USD (FY27) · Source: Deutsche Bank Estimates
- AFRM FY27 GMV Guidance: 64.0 USD Billion (FY27) · Source: Company Documents
- Payments & Fintech Average WTD Return: -1.0 % (WTD) · Source: Bloomberg Finance LP
- IT Services Average WTD Return: 2.5 % (WTD) · Source: Bloomberg Finance LP
Securities
SPXAFRMPYPLKLARCPAYACNWEX
Themes
Fintech & BNPL MomentumPayments M&A and Strategic RestructuringAI Impact on IT Services
Regions
North AmericaUnited States