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Deutsche Bank AktiengesellschaftNYSE:DB Stock Report

Market Cap US$69.3b
Share Price
n/a
1Y28.1%
7D9.6%
1D3.3%
Portfolio Value
​
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Deutsche Bank Aktiengesellschaft

NYSE:DB Stock Report

Market Cap: US$69.3b

Deutsche Bank (DB) Stock Overview

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa. More details

DB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends3/6

Rewards

Price-To-Earnings ratio (10.1x) is below the US market (19.2x)

Earnings are forecast to grow 7.32% per year

Earnings have grown 21.6% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record


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Deutsche Bank Aktiengesellschaft Competitors

Price History & Performance

Summary of share price highs, lows and changes for Deutsche Bank
Historical stock prices
Current Share Price€37.04
52 Week High€40.43
52 Week Low€28.12
Beta0.98
1 Month Change17.55%
3 Month Change22.89%
1 Year Change28.12%
3 Year Change259.26%
5 Year Change194.90%
Change since IPO-32.53%

Recent News & Updates

Seeking Alpha • Jun 05

Deutsche Bank: The Story Of A Successful Turnaround

Summary Deutsche Bank has successfully executed a multi-year turnaround, transforming into a lean, profitable, and strategically balanced institution under CEO Christian Sewing. DB's diversified revenue streams span Corporate Bank, Investment Bank, Private Bank, and Asset Management, each profitable and with distinct risk and return profiles. The Corporate Bank provides stable, capital-light revenues, while the Investment Bank, though more volatile and capital-intensive, remains consistently profitable and risk-managed. I see a ~20% upside as DB trades below tangible book value, with limited growth but a compelling valuation-driven hold thesis. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Jun 05

Deutsche Bank: The Story Of A Successful Turnaround

Summary Deutsche Bank has successfully executed a multi-year turnaround, transforming into a lean, profitable, and strategically balanced institution under CEO Christian Sewing. DB's diversified revenue streams span Corporate Bank, Investment Bank, Private Bank, and Asset Management, each profitable and with distinct risk and return profiles. The Corporate Bank provides stable, capital-light revenues, while the Investment Bank, though more volatile and capital-intensive, remains consistently profitable and risk-managed. I see a ~20% upside as DB trades below tangible book value, with limited growth but a compelling valuation-driven hold thesis. Read the full article on Seeking Alpha
Seeking Alpha • Jan 30

Deutsche Bank: 35% Tangible Book Discount Even As Company Confirms 2025 Targets

Summary Deutsche Bank derives 57% of its revenue from the Private Bank and Corporate Bank segments which saw weaker Q4 2024 profitability. The main profit drivers in Q4 2024 were the Investment Bank and Asset Management Segments which make up 43% of the bank's topline. The bank confirmed its +10% ROTE target for 2025, with higher profitability mainly expected to come from smaller non-recurring provisions and revenue growth. Even as I expect the bank to marginally miss its ROTE target, this is more than reflected in the current share price, confirming the Buy case for Deutsche Bank. Key risks to consider include weak German GDP growth and upcoming parliamentary elections, as well as the ongoing effect of ECB rate cuts on Private Bank profitability. Read the full article on Seeking Alpha
Seeking Alpha • Nov 26

Deutsche Bank: A Buy The Dip Opportunity Might've Emerged

Summary Deutsche Bank Aktiengesellschaft's stock has slipped month-over-month but remains up over 25% year-to-date, and likely presents a buy-the-dip opportunity. Despite recent concerns, Deutsche Bank's fundamentals seem strong, with key variables expected to stabilize soon. Systematic challenges and broader EU stock slumps contributed to the recent dip, but Deutsche's long-term outlook remains positive. We see Deutsche Bank as a deep value play, anticipating equilibrium in its key variables and the potential for solid returns. Read the full article on Seeking Alpha
Seeking Alpha • Oct 02

Deutsche Bank: Attractively Valued Amid ECB Policy Normalization (Rating Upgrade)

Summary Deutsche Bank reports results in four distinct business segments, with a 44% net commission income exposure, making it less exposed to ECB rate cuts. Q2 2024 earnings were robust on an underlying basis but reported results were heavily impacted by the Postbank litigation provision. I expect the bank to deliver strong Q3 2024 results thanks to strength in the Investment Bank segment as well as a return to net flows in Asset Management. Analysts remain too pessimistic about the company's 2025 and 2026 prospects. The bank's valuation is also more attractive relative to its largest peer, Commerzbank. A key risk to consider is whether the ECB goes more aggressive on rate cuts given falling inflation and lackluster Eurozone growth. Read the full article on Seeking Alpha
Seeking Alpha • Sep 15

Deutsche Bank: Attractive Business Mix

Summary Compared to other EU banks, DB is less reliant on higher-for-longer interest rates. We believe the company could return 30% of its market cap in the next three years. Supportive valuation on the tangible book value compared to peers. Our buy rating is then confirmed. Read the full article on Seeking Alpha
Seeking Alpha • Aug 27

Deutsche Bank: Expect Resumption Of Buybacks In Q3

Summary Deutsche Bank's Q2 results were strong, but a €1.3 billion Postbank litigation provision overshadowed earnings and impacted capital distribution plans. Excluding the litigation charge, Deutsche Bank's pre-tax earnings for Q2 2024 were €1.7 billion, with an improved RoTE of 7.8%. Almost a month post Q2 earnings, however, significant settlement with 80 plaintiffs, covering 60% of claims, boosts capital reserves and may enable a share buyback in 2024. Deutsche Bank's path to meeting its 2025 targets, including a RoTE greater than 10%, appears increasingly attainable. In my view, the fair value is around $33 per share. Read the full article on Seeking Alpha
Seeking Alpha • Aug 13

Deutsche Bank: Risk-Return Profile Not Attractive Enough Following Q2 Earnings

Summary Deutsche Bank reported muted Q2 2024 performance due to legacy issues from Postbank acquisition in 2010. Operating performance improved, but facing challenges with lower rates and potential decline in credit quality. Revenue growth is driven by investment banking, but NII growth softening; cost-cutting and efficiency improvements are needed for profitability. Read the full article on Seeking Alpha
Seeking Alpha • Jul 01

Deutsche Bank: Time To Take Some Profits After A Strong H1 2024 For German Banks (Rating Downgrade)

Summary Deutsche Bank has outperformed the iShares MSCI Europe Financials ETF by 10% in 2024. The bank saw 1% Y/Y higher revenue in Q1 2024, a return on tangible equity of 8.7%, and tangible book value of €29.26/share, up 3% Q/Q. All segments except the Private Bank saw a return on tangible equity of about 15%. Strong underlying performance should continue in Q2 2024, but reported results will be impacted by a legal provision related to the 2010 Postbank acquisition. The bank may yet provide further upside if it reaches its 2025 financial goals, which seems more challenging against the backdrop of rate cuts and higher wage demands. Read the full article on Seeking Alpha
Seeking Alpha • Apr 17

Deutsche Bank May Knock Q1 Estimates Out Of The Park

Summary Deutsche Bank's stock could see an aggressive share price re-rating toward $35 due to positive momentum and upgraded strategic targets. The dovish shift in monetary policy sets a bullish backdrop for investment banking activities. Looking at Q1 2024, I expect that Deutsche Bank's results smash consensus estimates. I estimate that Deutsche Bank's revenue from the investment bank could jump by €300-400 million YoY, bringing total revenues to about €8.1 billion. On the bottom line, I expect profits to be up ~40% YoY, at €2.6-2.8 billion, vs. €2.2 billion consensus. Read the full article on Seeking Alpha

Shareholder Returns

DBUS Capital MarketsUS Market
7D9.6%7.2%0.8%
1Y28.1%4.6%20.2%

Return vs Industry: DB exceeded the US Capital Markets industry which returned 1.6% over the past year.

Return vs Market: DB exceeded the US Market which returned 18.6% over the past year.

Price Volatility

Is DB's price volatile compared to industry and market?
DB volatility
DB Average Weekly Movement5.4%
Capital Markets Industry Average Movement3.9%
Market Average Movement7.3%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: DB has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: DB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187090,067Christian Sewingwww.db.com

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa. It operates through Corporate Bank, Investment Bank, Private Bank, and Asset Management segments. The Corporate Bank segment offers cash management services, such as integrated payments and FX solutions; trade finance and lending offerings, including documentary and guarantee business, and structured trade finance and lending; and depository receipts, corporate trust, document custody, and securities services.

Deutsche Bank Aktiengesellschaft Fundamentals Summary

How do Deutsche Bank's earnings and revenue compare to its market cap?
DB fundamental statistics
Market capUS$69.35b
Earnings (TTM)US$6.86b
Revenue (TTM)US$34.12b
10.1x
P/E Ratio
2.0x
P/S Ratio

Is DB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DB income statement (TTM)
Revenue€29.83b
Cost of Revenue€0
Gross Profit€29.83b
Other Expenses€23.83b
Earnings€6.00b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 29, 2026

Earnings per share (EPS)3.19
Gross Margin100.00%
Net Profit Margin20.10%
Debt/Equity Ratio652.7%

How did DB perform over the long term?

See historical performance and comparison

Dividends

3.1%
Current Dividend Yield
33%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 05:59
End of Day Share Price 2026/07/06 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Deutsche Bank Aktiengesellschaft is covered by 32 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Javier Esteban LarioBanco de Sabadell. S.A.
Jesús Gómez DominguezBanco Santander
Roberto de Aguiar AttuchBarclays