Credit Suisse Reaffirms Their Sell Rating on Deutsche Bank AG (DB)

In a report released today, Omar Keenan from Credit Suisse maintained a Sell rating on Deutsche Bank AG (DBResearch Report), with a price target of EUR10.50. The company’s shares opened today at $12.15.

According to TipRanks, Keenan is a 2-star analyst with an average return of -0.9% and a 46.94% success rate. Keenan covers the Financial sector, focusing on stocks such as Nordea Bank Abp, Deutsche Bank AG, and Standard Chartered.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Buy with an average price target of $13.97.

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Based on Deutsche Bank AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.82 billion and a net profit of $1.21 billion. In comparison, last year the company earned a revenue of $6.05 billion and had a net profit of $306 million

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Founded in 1870, Germany-based Deutsche Bank AG provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through the following divisions: Corporate Bank, Investment Bank, Private Bank and Asset Management.

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