Deutsche Bank AG
DB · NYSE
Company research
Deutsche Bank AG, founded in 1870 and headquartered in Frankfurt am Main, Germany, is the country's largest bank and one of Europe's leading financial institutions, operating across more than 58 countries with approximately 89,687 employees worldwide. The bank serves a broad range of clients — including private individuals, corporations, governments, and institutional investors — through four core business divisions: Corporate Bank, Investment Bank, Private Bank, and Asset Management. Its comprehensive suite of services spans cash management, trade finance, mergers and acquisitions advisory, fixed income and currencies trading, wealth management, retail banking, and alternative investment solutions. Listed on both the Frankfurt Stock Exchange and the New York Stock Exchange, Deutsche Bank is led by CEO Christian Sewing and carries a market capitalization of approximately $64 billion.
Research reports
Blank Capital Research · March 11, 2026DB Analyst Report: Hold Rating — March 2026
Blank Capital assigns DB a Hold rating based on a multi-factor quantitative model, highlighting discounted valuation metrics versus sector peers but below-average profitability and quality scores. The report frames DB as a balanced risk-reward where attractive value, moderate momentum, and average stability are offset by weaker margins, elevated short interest, and only mid-pack sector ranking within Financials.
S&P Global Ratings · February 5, 2026S&P full rating report on Deutsche Bank (credit highlights and outlook)S&P’s full credit rating report affirms Deutsche Bank’s ‘A’ issuer rating with a positive outlook, citing improving earnings prospects, stronger market position, and solid capital, funding, and liquidity profiles following its strategic transformation. It stresses ambitious profitability and revenue targets supported by diversified franchises and disciplined risk management, while flagging structural risks from the complex investment bank, exposure to commercial real estate (especially U.S. offices), and sensitivity of revenue growth to market and competitive conditions.
S&P Global Ratings · November 17, 2025Deutsche Bank’s Raised Targets Reflect Continued ProgressThis S&P commentary discusses Deutsche Bank’s raised financial targets—RoTE above 13% and cost-to-income ratio below 60% by 2028—arguing they are a logical progression of its successful transformation into a more focused, predictable, and resilient bank. It views current RoTE, cost-to-income, and capital metrics as bolstering management credibility, but notes key risks from Germany’s challenging economic and competitive environment, relatively smaller scale in asset and wealth management, and the cyclicality of the investment bank’s performance.