Deutsche Bank Jitters (Sept. 29, 2016)


Deutsche Bank is back in the spotlight with everyone screaming for their demise. Personally I don't see it (Germany will save them no problem at all), and DB's credits have been in question for years. However, I would not take bets on the securities, at this point. 
Safe sailing DB. Your research holds a special place in my economic heart. - Chad

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Giving the markets jitters, struggling German banking giant Deutsche Bank AG DB hit a new 52-week low of $11.23 on Monday, closing down 7% to $11.85 on the NYSE, marking the lowest level in decades. The price movement reflected investors’ concern that the bank may raise capital to settle the potential $14-billion accord with the U.S. Department of Justice (“DoJ”) related to mortgage practices. Notably, as of Jun 30, the bank had €5.5 billion ($6.2 billion) in its litigation reserves - Zack's 

Update:  BofA/Merrill upgraded Deutsche Bank's credit to Neutral, not the equity