Deutsche Bank shares are soaring: investors are cheering!

Deutsche Bank shares are soaring: investors are cheering!

On Monday, December 16, 2024, Deutsche Bank shares experienced an exciting trading day that got investors excited. At the start of trading, the price was at EUR 17.02 before quickly fighting its way up. At 12:28 p.m. a price of EUR 17.15 was reached - a gain of 0.5 percent compared to the previous day finanzen.ch reported. No less impressive was the daily high of EUR 17.31, which meant the share reached a new high in the last 52 weeks. The total number of shares traded up to that point was an impressive 2,322,089.

Diverse price movements and fundamental strengths

Deutsche Bank's price trend is showing a clear upward trend after the stock reached a low of EUR 11.52 on February 9, 2024, representing a significant increase of 48.66 percent since then. The fundamental factors that strengthen investor confidence include the announced distribution of a dividend of EUR 0.664 per share, after EUR 0.450 had already been paid in 2023. Financial figures for the quarter ended September 30, 2024 showed earnings per share of EUR 0.74 - compared to EUR 0.50 in the same period last year, on sales of EUR 16.59 billion, representing growth of 8.87 percent, as finanzen.net reported.

The analysts are optimistic and forecast earnings per share of EUR 2.43 and a price target of EUR 20.09 for 2024. The possibility that Deutsche Bank will present its figures for the fourth quarter of 2024 on January 30, 2025 gives investors hope for further positive developments. This successful trading day in a tense market environment clearly shows that Deutsche Bank shares are among the winners in the DAX 40 and investors are confident about the coming figures.