Deutsche Bank shares rise after Postbank settlements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Source: Yahoo Finance
Deutsche Bank Settlements: Deutsche Bank shares rose over 2% after settling with about 60% of plaintiffs who accused it of underpaying them in its 2010 Postbank takeover, although some investors remain unsatisfied with the settlements.
Financial Implications: The bank plans to release provisions for potential payouts, which could enhance third-quarter earnings and possibly revive a previously scrapped share buyback plan.
Analyst Views on DZZ
Wall Street analysts forecast DZZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DZZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 3.350
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Current: 3.350
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
