The Deutsche Bank share fell by around 7% yesterday, correcting to around €11.40. Today, the share price was unchanged from the previous day’s close at €11.54, up +0.7%. Since the low at the beginning of October 2022, the stock has thus risen by a total of around 70% to the high.
It is worth mentioning in this context that Deutsche Bank achieved its highest profit in 15 years in 2022. That’s thanks to a remodel that’s been underway since 2019 and was completed this year. In the process, the bank repositioned itself, including trimming its investment banking operations and pushing ahead with the integration of Postbank into the retail banking business. In doing so, the bank should now be able to operate more profitably, diversified and efficiently. The success of the strategy is reflected in better figures for the interest-bearing business segments and a higher than expected return on equity. The dividend was also increased significantly.
Profit expectations for the past quarter were greatly exceeded, and sales also just missed analysts’ figures. Earnings per share of €0.92 and sales of €6.32 billion were achieved.
The fact that the share has fallen again by 8.6% since the interim high of €12.35 could be due to profit-taking by many investors.
