Financial expert analyzes Deutsche Bank's share buyback program for 2024

Financial expert analyzes Deutsche Bank's share buyback program for 2024

According to a report by www.deraktionaer.de, Deutsche Bank published figures last week and announced a new program to buy back its own shares. The banking industry has achieved very good results in recent years, resulting in generous distributions to shareholders. UniCredit, for example, is distributing the entire 2023 annual profit of 8.6 billion euros to its shareholders. Deutsche Bank is also active in the distribution competition and plans to distribute a total of eight billion euros from 2021 to 2024 through dividends and share buybacks. However, payments so far have only reached 3.4 billion euros, so there is a gap until the 2025 target.

A possible impact of this project could be that Deutsche Bank will launch another share buyback program in the second half of 2024 in order not to disappoint market expectations. CEO Christian Sewing hinted that this is possible in the second half of the year if the bank meets its targets in the first two quarters. Deutsche Bank shares are currently testing the 50-day line at 12.05 euros and an important support. If this line does not hold, there will be further support just below the 12.00 euro mark.

The bank's planned distributions, together with the possible further share buyback program, could have a positive impact on Deutsche Bank's share prices. However, it remains to be seen whether the bank will achieve its goals and whether the further share buyback program will actually be implemented. Financial experts will continue to closely monitor developments at Deutsche Bank to analyze possible impacts on the market and the financial industry.