Deutsche Bank AG (DB) : Zacks Investment Research suggests a Strong Sell with a rank of 5. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 2 Wall Street Analysts endorse the stock as a Strong Sell with a rating of 4.5.
Also, In a research note released to the investors, Santander downgrades its rating on Deutsche Bank AG (NYSE:DB).The analysts at the brokerage house have a current rating of Underweight on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on September 6, 2016.
Deutsche Bank AG (NYSE:DB): After opening at $14.52, the stock dipped to an intraday low of $14.48 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.83 and the buying power remained strong till the end. The stock closed at $14.76 for the day, a gain of 1.65% for the day session. The total traded volume was 3,330,016. The stocks close on the previous trading day was $14.52.
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. Deutsche AWM is an investment organization which offers investments across various asset classes to individuals and institutions. NCOU operates as a separate division alongside Deutsche Banks core businesses.