[Stock] “Deutsche Bank Bounces as Analysts Reassure on Financial Health”
March 27, 2023
“Deutsche Bank AG shares rebounded and the cost of insuring its debt against default eased on Monday after sell-side analysts sought to reassure that the German lender’s financial health was sound…
Shares of Germany’s largest bank were 5.4% higher as of 12:47 p.m. in Frankfurt, the best performing stock on Europe’s Stoxx 600 Banks Index. Commerzbank AG, Barclays Plc and Banco Santander SA were also among the biggest gainers.
Though there was no clear trigger for the declines on Friday, hedge funds have seemingly turned their attention to Deutsche Bank in the wake of the collapse of Credit Suisse Group and three regional US banks…”
https://finance.yahoo.com/news/deutsche-bank-bounces-analysts-reassure-103146604.html