Deutsche Bank AG ( (DE:DBK) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Deutsche Bank AG’s stock has been under pressure due to a recent €23 million fine from Germany’s BaFin and disappointing financial results, which included a quarterly revenue drop and a net loss compared to last year’s profits. Despite these challenges, J.P. Morgan’s Kian Abouhossein maintains a Buy rating, and Morgan Stanley has even raised its price target to €26, citing strategic adjustments. The general consensus among analysts suggests a Moderate Buy, albeit with a price target indicating a slight downside from current levels.
More about Deutsche Bank AG
YTD Price Performance: 40.79%
Average Trading Volume: 2,565,080
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $46.61B
For further insights into DBK stock on TipRanks’ Stock Analysis page.
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