Deutsche Bank's growth is driven by a massive expansion in its investment securities portfolio, which has ballooned to $1.1T, but this has compressed the equity-to-assets ratio to 4.6% and created significant interest rate sensitivity.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth is accelerating with NII up 13.2% year-over-year, but profitability is constrained by a static 0.3% NIM and a declining fee income ratio that fell to 47.4% in 2026Q2.
The German government is allocating a €166 billion transport infrastructure package, with a significant share earmarked for railways. DB is set to receive at least 70% of its capital expenditures from state funding, reducing financial burden and enabling long‑term development.
DB’s S3 restructuring program targets extensive renovation of key rail corridors, station upgrades, and digitalization. These initiatives aim to increase network capacity, improve reliability, and lift traffic volumes and revenue.
Proceeds from the sale of DB Schenker will be used to cut debt, strengthening the balance sheet. FFO‑to‑debt ratios are projected to stabilize above 9% in the coming years.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $1.08+18.2% vs $0.91 | $9.4B+1.4% vs $9.3B |
Q3 2026 Jul 29, 2026 | $0.66-27.5% vs $0.91 | $9.7B+4.2% vs $9.3B |
Q2 2026 Apr 29, 2026 | $1.24+7.8% vs $1.15 | $10.0B+1.7% vs $9.9B |
Q1 2026 Jan 29, 2026 | $0.88+22.2% vs $0.72 | $9.1B+0.4% vs $9.0B |
Deutsche Bank Aktiengesellschaft is undervalued, trading at lower multiples than peers despite strong Q3 results and robust forward guidance. Q3 delivered a record post-tax profit of €1.9B, 4% revenue growth, and an improved cost-to-income ratio, with most segments expanding except investment banking. DB targets >€33B revenue, and a cost/income ratio of 13% through 2028, supported by reduced SREP capital requirements.
Deutsche Bank Aktiengesellschaft NYSE: DB said it delivered record profit before tax and continued revenue growth in the first nine months of 2026, while maintaining capital and liquidity buffers and largely completing its funding plan for the year.
Shares of Deutsche Bank Aktiengesellschaft (NYSE: DB - Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $34.81 and traded as high as $34.97. Deutsche Bank Aktiengesellschaft shares last traded at $34.8350, with a volume of 3,643,920 shares traded. Trending Headlines about Deutsche Bank
Deutsche Bank AG (DB, Financials), Germany's largest lender, raised its full-year revenue outlook after third-quarter profit came in ahead of Wall Street expect
Benchmark DB against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Deutsche Bank AG (DB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $34.84 | $65.47B | 9.43 | 6.86% | 22.07% | 9.31% | — | |
| $47.78 | $156.61B | 15.67 | 13.72% | 18.31% | 10.67% | 1.44% | |
| $25.05 | $138.41B | 11.25 | 4149.34% | 27.65% | 18.61% | 3.13% | |
| $11.74 | $172.32B | 10.99 | -5.18% | 25% | 14.04% | 1.99% | |
| $31.82 | $90.75B | 12.05 | 2.26% | 16.52% | 13.15% | — | |
| $22.33 | $75.29B | 6.96 | -6.28% | 26.21% | 10.76% | 3.83% |
Deutsche Bank AG (DB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Deutsche Bank AG (DB) stock FAQ — growth, dividends, profitability & financials explained
Deutsche Bank AG (DB) grew revenue by 3.9% over the trailing twelve months, compared with the twelve months before.
Yes. Deutsche Bank AG (DB) earned $7.24B in net income over the trailing twelve months (a 22.1% net margin).
Deutsche Bank AG (DB) had a return on equity (ROE) of 9.3% over the trailing twelve months. That is below the market's typical 10-15%.
Deutsche Bank AG (DB) has a net interest margin (NIM) of 1.1%. NIM has been under pressure due to interest rate environment.
Deutsche Bank AG (DB) has an efficiency ratio of 64.4%. This is reasonable for a bank.
