DB Stock Summary and Trading Ideas (Deutsche Bank Ag | NYSE:DB)

Deutsche Bank is a universal bank operating on a global scale. The bank offers corporate, retail, investment banking, private banking, and asset management to its clients.

Deutsche Bank Ag trades on the NYSE stock market under the symbol DB.

As of October 4, 2024, DB stock price climbed to $17.42 with 1,472,186 million shares trading.

DB has a beta of 0.70, meaning it tends to be less sensitive to market movements. DB has a correlation of 0.09 to the broad based SPY ETF.

DB has a market cap of $33.93 billion. This is considered a Large Cap stock.

Last quarter Deutsche Bank Ag reported $8 billion in Revenue and $.37 earnings per share. This fell short of revenue expectation by $-10 million and missed earnings estimates by -$.21.

In the last 3 years, DB traded as high as $17.96 and as low as $7.25.

The top ETF exchange traded funds that DB belongs to (by Net Assets): DFIV, AVDE, DFAI, DFIC, DFAX.

DB has outperformed the market in the last year with a price return of +70.6% while the SPY ETF gained +36.6%. However, in the short term, DB had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.3% vs +4.2% return in SPY. But in the last 2 weeks, DB shares have fared better than the market returning +3.0% compared to SPY +0.8%.

DB support price is $16.61 and resistance is $17.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DB shares will trade within this expected range on the day.