Deutsche Bank Aktiengesellschaft
5-year stock timeline
Deutsche Bank executed a multi-year strategic transformation from 2020–2021, materially simplifying its U.S. footprint while navigating the COVID shock without operational strain. The bank reported a modest €113 million net profit in 2020, then substantially improved to a pretax profit of roughly €3.4 billion in 2021, while disposing of approximately $4 billion in positions related to the Archegos episode in early 2021.
The narrative shifted decisively from a long-running turnaround story to one centered on demonstrable operational recovery and shareholder returns. Beginning in 2022, management committed to explicit capital distributions—a €300 million buyback in 2022, €450 million in 2023, and a larger €675 million program in 2024 paired with an expanding dividend. The 2023 Numis acquisition bolstered investment banking capabilities and reinforced the shift toward a more shareholder-friendly model.
Price action reflected this evolution. The 2020 pandemic drawdown gave way to a recovery driven by transformation momentum and 2021 earnings. Through 2022–2023, the stock moved through a volatile, rangebound phase punctuated by buyback announcements and earnings catalysts that produced short-term rallies and resistance retests. The larger 2024 buyback and accelerating capital returns corresponded with a meaningful upward repricing. Execution prices rose from roughly €9.88 in 2023 to €14.53 in 2024 and further to volume-weighted average price levels around €29.85 in late 2025, consistent with a multi-year breakout and a materially elevated trading range into early 2026.
Key risks and downside factors
Deutsche Bank competes in a crowded space alongside UBS, HSBC, BNP Paribas, Barclays and JPMorgan Chase [3][4]. It remains one of Europe's largest banks by assets, though legacy legal entanglements and ongoing restructuring weigh on both its risk profile and returns [4][1]. Margin pressure is real across investment banking, corporate banking and wealth management—partly from established competitors, partly from fintechs that don't carry the same overhead [3].
- Legacy conduct and regulatory exposure continue to create tail risk—both through potential fines and the slower, quieter damage that comes from a tarnished reputation [1].
- Relative weakness in profitability and capital generation versus larger peers constrains investment capacity and may weigh on returns.
- Major global banks are intensifying competition across investment banking, corporate banking, and wealth management, which is compressing both fees and market share.
- European macro headwinds, rising rate pressures, and tightening credit cycles pose real risks to loan quality. Add in stricter post-crisis regulation, and you're looking at potential margin compression across both lending and trading revenues.
Competitive landscape
Deutsche Bank competes in a crowded space. The pressure comes from multiple directions: UBS's Swiss private-banking scale, pan-European universal banks like BNP Paribas and Barclays, and US franchises anchored to deeper capital markets—JPMorgan being the most obvious. Across investment banking, corporate banking, and wealth management, this competition is real and it shows up in fees and market share [3][18][10][13][20].
Private competitors
- N26 [web:3]
- Revolut [web:3]
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Start Free TrialPerformance Figures of Deutsche Bank Aktiengesellschaft
Relative Performance vs Benchmarks
| Period | Deutsche Bank Aktiengesellschaft | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +4.65% | +0.39% | -0.80% |
| 3M | -5.71% | -4.75% | -15.41% |
| 6M | -6.68% | -11.74% | -17.12% |
| 1Y | +17.50% | +13.32% | -11.65% |
| 3Y | +211.84% | +154.86% | +126.17% |
| 5Y | +157.97% | +96.61% | +66.67% |
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Start Free TrialHistorical valuation trends
How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 7.9 | 0.9 | 0.7 | 1.2 |
| 1Y ago | 9.2 | 0.9 | 0.6 | -1.7 |
| 3Y ago | 3.6 | 0.5 | 0.3 | -9.7 |
| 5Y ago | 17.6 | 0.9 | 0.4 | 0.9 |
Frequently Asked Questions
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What are the key metrics for DBK.XETRA?
How has Deutsche Bank Aktiengesellschaft's stock price performed?
How is DBK.XETRA valued?
What are the key risks when investing in DBK.XETRA?
- Legacy conduct and regulatory exposure continue to create tail risk—both through potential fines and the slower, quieter damage that comes from a tarnished reputation [web:1].
- Relative weakness in profitability and capital generation versus larger peers constrains investment capacity and may weigh on returns.
- Major global banks are intensifying competition across investment banking, corporate banking, and wealth management, which is compressing both fees and market share.
- European macro headwinds, rising rate pressures, and tightening credit cycles pose real risks to loan quality. Add in stricter post-crisis regulation, and you're looking at potential margin compression across both lending and trading revenues.
Who are the main competitors of Deutsche Bank Aktiengesellschaft?
When does Deutsche Bank Aktiengesellschaft report earnings?
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 1.00 EUR | — | 2.13% |
| 2025 | 0.68 EUR | 2.71% | |
| 2024 | 0.45 EUR | 2.84% | |
| 2023 | 0.30 EUR | 3.10% | |
| 2022 | 0.20 EUR | 2.11% | |
| 2019 | 0.11 EUR | 1.70% | |
| 2018 | 0.11 EUR | 1.06% | |
| 2017 | 0.19 EUR | 1.13% | |
| 2015 | 0.67 EUR | 2.53% | |
| 2014 | 0.64 EUR | 2.47% | |
| 2013 | 0.64 EUR | 2.09% | |
| 2012 | 0.64 EUR | 2.58% | |
| 2011 | 0.64 EUR | 1.83% | |
| 2010 | 0.58 EUR | 1.52% | |
| 2010 | 0.43 EUR | — |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 60.89B | 66.34B | 59.35B | 26.59B | 25.31B |
| Operating income (EBIT) | 9.73B | 5.29B | 5.68B | 5.80B | 4.02B |
| Net income | 6.93B | 3.37B | 4.77B | 5.52B | 2.37B |
| Free cash flow | 46.62B | -29.11B | 5.18B | -2.45B | -3.50B |
| Total assets | 1.44T | 1.39T | 1.31T | 1.34T | 1.32T |
| Equity | 78.64B | 77.83B | 73.05B | 61.96B | 58.03B |
| Net debt | 194.25B | 70.70B | -40.34B | -49.44B | -43.17B |
PWP Leeway UG (haftungsbeschränkt)
