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

In a report released today, Jon Peace from Credit Suisse maintained a Sell rating on Deutsche Bank AG (DBResearch Report), with a price target of EUR11.00. The company’s shares closed yesterday at $12.58.

According to TipRanks, Peace is ranked #938 out of 8278 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deutsche Bank AG with a $15.82 average price target.

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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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