DBK.DE · GER
DAX
Euro Stoxx 50
Deutsche Bank Aktiengesellschaft
Financial services · Banks
€33.28
+€0.16 (+0.48%) today
Today's session · updated · Source: Yahoo Finance
Consensus of 18 analysts
Buy
Median price target €35.50 +6.7%
- Open
- €33.77
- Day range
- 33.16 – €33.80
- 52-week range
- 23.82 – €35.85
- Volume
- 1,183,295
- Market cap
- €61,695M
- P/E (TTM)
- 9.8x
- EPS (TTM)
- €3.40
- EPS est. 2026
- €3.32
- P/E est. 2026
- 10.0x
- Dividend yield
- 3.0%
- Beta
- 1.05
- Payout
- 30%
Analyst summary
Generated with AI · Nov 11, 2026, 14:20Deutsche Bank combines corporate and investment banking with private banking and asset management across major global markets. Q3 2026 revenue rose 3.6% to €8,336M, while net income increased 2.0%; quarterly EPS nevertheless fell 13.9% year on year, though it exceeded analysts’ estimate. The shares trade at 9.8x trailing earnings, and consensus expects EPS growth in 2027. A 3.0% dividend yield and a rising recent dividend add to the investment case, balanced by a wide range of analyst targets.
- 1Q3 2026 revenue rose 3.6% to €8,336M, while net income increased 2.0%.
- 2Q3 EPS of €0.823 beat the €0.806 estimate but declined 13.9% year on year.
- 3The trailing P/E is 9.8x, and the estimated 2027 P/E is 8.4x.
Deutsche Bank financials
Q3 2026 results, quarter ended Sep 30, 2026
| Metric | Q3 2026 | 1-year change |
|---|---|---|
| Total revenue | €8,336M | +3.6% |
| Net income | €1,809M | +2.0% |
| Earnings per share | €0.82 | −13.9% |
| Net margin | 21.7% | −0.3 pp |
| Free cash flow | n/a | n/a |
| Debt / equity | 1.65 | −0.7% |
Revenue and net income (€M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q3 2025 | €8,043M | €1,773M |
| Q4 2025 | €7,711M | €1,502M |
| Q1 2026 | €8,665M | €2,118M |
| Q2 2026 | €8,475M | €1,850M |
| Q3 2026 | €8,336M | €1,809M |
Deutsche Bank earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 4 | €0.6850.56 – 0.79 | −4.7%€0.719 |
| Next quarterQ1 2027 · Analysts: 2 | €1.1851.16 – 1.21 | +21.2%€0.977 |
| Current year2026 · Analysts: 12 | €3.3203.18 – 3.42 | +3.9%€3.197 |
| Next year2027 · Analysts: 12 | €3.9643.75 – 4.47 | +19.4%€3.320 |
Forward P/E: 10.0x (2026) and 8.4x (2027) at the current price.
Actual and estimated EPS (€)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q3 2025 | €0.956 | — |
| Q4 2025 | €0.719 | €0.606 |
| Q1 2026 | €0.977 | €0.954 |
| Q2 2026 | €0.848 | €0.734 |
| Q3 2026 | €0.823 | €0.806 |
| Q4 2026 | — | €0.685 |
| Q1 2027 | — | €1.185 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | €2.370 | — |
| 2023 | €2.030 | — |
| 2024 | €1.370 | — |
| 2025 | €3.156 | — |
| 2026 | — | €3.320 |
| 2027 | — | €3.964 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | €1.185 | +21.2% |
| Q4 2026Estimated | €0.685 | −4.7% |
| Q3 2026 | €0.823est. €0.806 · surprise +2.1% | −13.9% |
| Q2 2026 | €0.848est. €0.734 · surprise +15.4% | n/a |
| Q1 2026 | €0.977est. €0.954 · surprise +2.5% | n/a |
| Q4 2025 | €0.719est. €0.606 · surprise +18.7% | n/a |
| Q3 2025 | €0.956 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | €3.964 | +19.4% |
| 2026Estimated | €3.320 | +5.2% |
| 2025 | €3.156 | +130.4% |
| 2024 | €1.370 | −32.5% |
| 2023 | €2.030 | −14.3% |
| 2022 | €2.370 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
Deutsche Bank dividend
Yield and payments
| Dividend yield (TTM) | 3.0% |
| Forward yield (next 12m) | 3.0% |
| Dividend per share (TTM) | €1.00 |
| Forward dividend (next 12m) | €1.00 |
| Payout (TTM) | 30% |
| Last dividend | €1.00May 29, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year (€)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | €0.11 |
| 2020 | €0.00 |
| 2021 | €0.00 |
| 2022 | €0.20 |
| 2023 | €0.30 |
| 2024 | €0.45 |
| 2025 | €0.68 |
| est. 12m | €1.00 |
Deutsche Bank forecasts
18 analyst ratings
Consensus: Buy · 9 buy, 8 hold, 1 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | €47.75 | +43.5% |
| Median | €35.50 | +6.7% |
| Low | €10.90 | −67.2% |
| Date | Close |
|---|---|
| Nov 28, 2025 | €30.61 |
| Dec 30, 2025 | €33.11 |
| Jan 30, 2026 | €33.30 |
| Feb 27, 2026 | €30.30 |
| Mar 31, 2026 | €25.12 |
| Apr 30, 2026 | €26.50 |
| May 29, 2026 | €27.86 |
| Jun 30, 2026 | €29.63 |
| Jul 31, 2026 | €31.88 |
| Aug 31, 2026 | €34.66 |
| Sep 30, 2026 | €31.87 |
| Oct 30, 2026 | €30.08 |
| Nov 11, 2026 | €33.28 |
Deutsche Bank peers
| Ticker | Company | Market cap (€M) | P/E | Price (€) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| DBK.DE | Deutsche Bank | 61,695 | 9.8x | 33.28 | +0.48% | 23.8235.85 |
| UCG.MI | UniCredit | 125,271 | 11.4x | 83.61 | +0.07% | 57.3686.42 |
| ISP.MI | Intesa Sanpaolo | 108,698 | 11.0x | 6.29 | −1.66% | 4.816.94 |
| BNP.PA | BNP Paribas | 104,602 | 8.4x | 95.44 | −0.23% | 65.87113.82 |
| CABK.MC | CaixaBank | 85,954 | 13.5x | 12.39 | −1.04% | 8.9613.56 |
| NDA-FI.HE | Nordea | 57,575 | 12.7x | 16.97 | −0.26% | 14.1618.11 |
Risks, catalysts and conclusion
Generated with AI · Nov 11, 2026, 14:20Risks
- A downturn in markets could weaken trading, structuring and capital-markets activity across the investment bank.
- Deteriorating borrower conditions could increase pressure on lending and trade-finance businesses.
- The sharp analyst-target spread leaves the shares exposed to disappointment if expected 2027 EPS growth fails to materialise.
Catalysts
- Delivery of the projected 19.4% EPS growth for 2027 could support earnings expectations and valuation.
- Sustained demand for cash management, trade finance and lending could underpin corporate-bank revenue.
- Continued client activity in foreign exchange, rates, credit and capital markets could support investment-bank income.
Conclusion
Deutsche Bank’s latest quarter showed modest revenue and net-income growth, although EPS declined year on year; the company still exceeded the available quarterly consensus estimates. The shares trade at a lower P/E than most of the listed peers, while analysts expect stronger EPS growth in 2027 and forecast a 3.0% dividend yield. The Buy consensus is tempered by a wide target range, reflecting meaningful uncertainty around the outlook.
Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 14:20.
This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.
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