From Morningstar:

Deutsche Bank shares have risen by 4.5% due to the reporting of fourth-quarter 2023 profits before tax and a proposed dividend of €0.45 per share for 2023. Deutsche has also adjusted its revenue guidance to €32 billion by 2025, expecting a revenue growth of 5.5% to 6.5% in the future.

Despite missing its revenue and expenses on consensus estimates, Deutsche has seen steady progress and positive growth. Its post-tax return on tangible equity was 7.4% for 2023, and it has shown improvement in its ability to deliver shareholder distributions. The bank’s upwardly adjusted revenue guidance and plans for growth are also showing promising results and potential.

Key Morningstar-Metrics for Deutsche Bank:
– Fair Value Estimate: 13 EUR
– Morningstar Rating: 3 stars
– Morningstar Economic Moat Rating: None
– Morningstar Economic Moat Rating: Medium



Read more: Deutsche Bank Shares Rally on Improved Revenue Outlook