The Bull Case For Deutsche Bank (XTRA:DBK) Could Change Following New Fixed-Income Offerings and CEO's Conference Speech

• Deutsche Bank recently launched several fixed-income offerings, including senior unsecured notes due in 2028, 2035, and 2040, and its CEO, Christian Sewing, presented at the European Financials Conference 2025 in London on November 20.
• These actions highlight Deutsche Bank's active engagement in the capital markets and investor outreach efforts, reflecting its initiative to strengthen funding and visibility among institutional investors.
• We will examine how Deutsche Bank's multiple fixed-income offerings signal renewed capital strategy and impact its investment outlook.

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Deutsche Bank Investment Narrative Recap

To be a shareholder in Deutsche Bank, one needs to believe that the bank can leverage its European and global footprint, capitalize on growing corporate and investment activity, and manage the ongoing risks related to credit losses and litigation. The recent fixed-income offerings and CEO engagement at the European Financials Conference may reinforce short-term funding flexibility and investor confidence, though these actions do not materially change the primary near-term catalyst, capturing growth from the German fiscal stimulus, nor alleviate the biggest risk from persistently elevated credit losses and asset quality concerns.

The announcement of the €22.5 million, 2.627 percent senior unsecured notes due in 2028 stands out, as it enhances Deutsche Bank’s funding profile and supports its ability to respond to the anticipated boost in lending activity from forthcoming German reforms. Effective access to capital markets remains instrumental for the bank as it balances growth ambitions against the challenges in commercial real estate and credit quality.

On the other hand, investors should be aware that asset quality, especially around elevated bad loans in key sectors, remains a potential risk to...

Read the full narrative on Deutsche Bank (it's free!)

Deutsche Bank's narrative projects €33.8 billion revenue and €6.8 billion earnings by 2028. This requires 4.0% yearly revenue growth and a €1.3 billion earnings increase from €5.5 billion today.

Uncover how Deutsche Bank's forecasts yield a €31.30 fair value, in line with its current price.

Exploring Other Perspectives

Seven members of the Simply Wall St Community value Deutsche Bank shares between €17 and €35.83. While many see upside in light of the new capital strategy, the risk of ongoing credit losses could shape performance differently, so explore these varied viewpoints before deciding.

Explore 7 other fair value estimates on Deutsche Bank - why the stock might be worth as much as 17% more than the current price!

Build Your Own Deutsche Bank Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Deutsche Bank research is our analysis highlighting 4 key rewards and 4 important warning signs that could impact your investment decision.
• Our free Deutsche Bank research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Deutsche Bank's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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