Deutsche Bank: 35% Tangible Book Discount Even As Company Confirms 2025 Targets
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Deutsche Bank is trading at a 35% discount to its tangible book value despite confirming its 2025 targets. The bank's Q4 2024 profitability was driven by its Investment Bank and Asset Management segments, while the Private Bank and Corporate Bank segments underperformed. The bank aims for a +10% ROTE by 2025, expecting higher profitability from reduced non-recurring provisions and revenue growth.
January 30, 2025 | 5:15 pm
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Deutsche Bank is trading at a 35% discount to its tangible book value, with Q4 2024 profitability driven by Investment Bank and Asset Management. The bank confirmed its 2025 targets, expecting a +10% ROTE.
The confirmation of 2025 targets and the current discount to tangible book value suggest potential upside. The bank's focus on reducing non-recurring provisions and revenue growth supports a positive outlook.
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