Deutsche Bank Hit with $75 Million Fine
The Securities and Exchange Commission (SEC) announced today that Deutsche Bank (DB) has agreed to pay $75 million in fines for its mishandling of pre-release American Depository Receipts (ADRs). The SEC's investigation found that Deutsche Bank and other institutions mishandled the movement of ADRs from depositary bank to broker dealers, often allowing multiple parties to profit from early access to the ADRs. Deutsche Bank did not agree with the SEC's findings nor did they explicitly admit guilt, but they did agree to pay the fine.
DB's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for DB turned positive on October 04, 2024. Looking at past instances where DB's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 04, 2024. You may want to consider a long position or call options on DB as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
DB moved above its 50-day moving average on September 13, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DB advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
DB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 278 cases where DB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 71%.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: DB's P/B Ratio (0.389) is slightly lower than the industry average of (1.026). P/E Ratio (5.252) is within average values for comparable stocks, (19.816). Projected Growth (PEG Ratio) (0.099) is also within normal values, averaging (2.365). Dividend Yield (0.021) settles around the average of (0.057) among similar stocks. P/S Ratio (0.980) is also within normal values, averaging (2.976).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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a major bank
Industry RegionalBanks