Deutsche Bank stock gets Overweight rating ahead of results

Published on 10/07/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan kept its EUR 41 target and Overweight rating on October 6, 2026, before Deutsche Bank reports third-quarter figures. Second-quarter profit reached EUR 1.9 billion.

Flatlay mit Aktienzertifikat, ISIN-Karte, Taschenrechner und Finanzzeitungen — Deutsche Bank AG (DE0005140008) Flatlay zeigt Aktienzertifikat, ISIN-Karte und Finanzutensilien, Symbolbild für Bankbranche, Illustration mit AI erstellt.

Deutsche Bank stock (ISIN DE0005140008) was last at EUR 31.385 on Xetra on October 6, 2026, up 0.34 percent from the prior quote. JPMorgan kept its Overweight rating and EUR 41 price target ahead of the bank's third-quarter report, according to FinanzNachrichten.de on October 6, 2026.

JPMorgan keeps EUR 41 target

The recommendation was unchanged as analyst Kian Abouhossein updated his model for the October 28 results. With the Xetra price at EUR 31.385, the target stood 30.6 percent above the share price, a quantified gap that leaves the upcoming earnings report as the next major test of the valuation.

The same FinanzNachrichten.de report says JPMorgan made minor changes to adjusted earnings-per-share estimates. The report links the revisions to the third-quarter results date rather than to a new rating decision.

Second-quarter profit sets the bar

Deutsche Bank's second-quarter 2026 post-tax profit rose 10 percent year over year to EUR 1.9 billion, while profit before tax increased 11 percent to EUR 2.7 billion. Diluted earnings per share rose 19 percent to EUR 0.57, according to Capital.com in its September 15, 2026 analysis of the July 29 results.

Net revenues reached EUR 8.5 billion in the quarter, up 9 percent year over year. The figures give investors a concrete benchmark for the next report: earnings growth must continue to justify the EUR 41 valuation case, while weaker revenue or profit would narrow the support for that target.

Capital issuance adds a second test

Deutsche Bank also completed a EUR 1.25 billion Additional Tier 1 issuance on September 21, 2026. The securities carry a fixed 7.000 percent coupon until April 30, 2034, and the bank said the transaction supports its leverage ratio and broader capital ratios in the Deutsche Bank release dated September 21, 2026.

The transaction strengthens the capital position but also puts the cost of wholesale funding in view. That balance matters alongside operating profit when the bank reports third-quarter figures.

Xetra shares meet the earnings test

Deutsche Bank stock was last at EUR 31.385 on Xetra on October 6, 2026, with a daily gain of 0.34 percent. The bank's financial calendar lists the third-quarter 2026 earnings report for October 28, 2026, according to Deutsche Bank.