Deutsche Bank AG

DBK: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€53.00	Hrqp	Zkm

Deutsche Bank Reports Good Second Quarter as Investment Bank Revenue Declines Less Than Expected

Niklas Kammer

Aug 2, 2021

No-moat Deutsche Bank reported good second-quarter results with a return on tangible equity of 5.5% as the decline in investment banking revenue was less pronounced than we had anticipated. We maintain our fair value estimate of EUR 10.30 per share.

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