Deutsche Bank AG (USA) (DB) is Downgraded by BofA/Merrill to Underperform

Deutsche Bank AG (USA) (DB) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Deutsche Bank AG (USA). Deutsche Bank AG (USA) was Downgraded by JP Morgan to ” Neutral” on Jun 27, 2016. Deutsche Bank AG (USA) was Downgraded by RBC Capital Mkts to ” Sector Perform” on Jun 2, 2016. Deutsche Bank AG (USA) was Downgraded by Berenberg to ” Sell” on May 16, 2016.

Deutsche Bank AG (USA) closed down -0.38 points or -2.79% at $13.25 with 52,20,846 shares getting traded on Thursday. Post opening the session at $13.3, the shares hit an intraday low of $13.195 and an intraday high of $13.32 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Deutsche Bank AG is a global investment bank which offers a range of products and services in investment corporate and retail banking as well as in asset and wealth management. The Group operates through five corporate divisions: Corporate Banking & Securities (CB&S) Private & Business Clients (PBC) Global Transaction Banking (GTB) Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU). CB&S consists of two business divisions Corporate Finance and Markets which offers a range of financial products. PBC consists of three business units Private and Commercial Banking Advisory Banking International and Postbank. GTB delivers commercial banking products and services to corporate clients and financial institutions. The Bank offers client logins for online banking wealth management cash management trust and securities services asset management and corporate banking.

Deutsche Bank AG (USA)

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