#8 - Deutsche Bank (NYSE:DB)
Deutsche Bank (NYSE: DB) - Political risk is not limited to U.S. companies. Once the leading bond underwriting bank on the international banking scene, Deutsche Bank has fallen on hard times. Two high-profile money laundering cases caused their company's stock price to hit record lows. On February 1 of this year, the bank released its quarterly earnings that showed an eighth consecutive decline in revenue. This is adding pressure for the bank to take more radical, alternative growth plans. One idea floated in late 2018, is for the company to merge with Commerzbank. While the merger is controversial on many levels, there is concern that DB does not have the resources to remain solvent if the economy were to stumble. That pressure will become more intense as the bank recently announced that the German economy is teetering towards a recession. The merger is backed by the German government, which is looking to avoid having to use taxpayer funds to prop up their banking industry. The stock is up from recent lows and is currently trading at just 0.24x book value. If the merger goes forward, DB may be an interesting play.
About Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.
Read More - Current Price
- $16.48
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 2 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
