Deutsche Bank AG (DB): Today's Featured Banking Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Deutsche Bank fell $1.13 (-2.4%) to $46.57 on average volume. Throughout the day, 1,475,100 shares of Deutsche Bank exchanged hands as compared to its average daily volume of 1,004,000 shares. The stock ranged in price between $46.27-$47.01 after having opened the day at $46.90 as compared to the previous trading day's close of $47.70. Other companies within the Banking industry that declined today were:
(
), down 8.8%,
(
), down 5.6%,
(
), down 4.9% and
(
), down 4.7%.
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services worldwide. Deutsche Bank has a market cap of $48.5 billion and is part of the financial sector. Shares are up 7.6% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Deutsche Bank a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Deutsche Bank
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share.
- You can view the full Deutsche Bank Ratings Report.
On the positive front,
(
), up 9.6%,
(
), up 5.8%,
(
), up 5.2% and
Firstbank Corp Michigan
(
FBMI
), up 5.1% , were all gainers within the banking industry with
(
) being today's featured banking industry leader.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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