Warburg sets EUR 41.50 target for Deutsche Bank stock

Published on 10/08/2026 at 12:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 9 percent to EUR 8.5 billion. Deutsche Bank stock costs EUR 29.42 on October 8, 2026 versus EUR 30.01.

Draufsicht auf Aktienzertifikate, Füller, Brille, Taschenrechner und Euromünzen — Flatlay-Fotografie generischer Aktienzertifikate, Füller, Brille und Taschenrechner auf Mahagoni-Holz für Deutsche Bank AG (ISIN DE0005140008). Euromünzen und Ledernotizblock ergänzen das Finanz-Stillleben, Illustration mit AI erstellt.

Warburg Research published a Buy note with a EUR 41.50 target for Deutsche Bank on October 7, 2026, according to Investing.com. Deutsche Bank stock was EUR 29.42 at Lang & Schwarz on October 8, 2026, down 1.97 percent versus the prior close of EUR 30.01.

Warburg target meets a softer signal

The target stands 41.06 percent above the Lang & Schwarz price, calculated from EUR 41.50 and EUR 29.42. Investing.com also reported on October 7 that CFO Raja Akram had warned at a Bank of America conference that third-quarter investment banking revenue was likely to be flat or slightly lower than in the prior year.

The same report said private banking and corporate banking growth could offset the softer investment banking environment in the upcoming quarterly report. That creates a clear split in the current setup: the broker view points to earnings resilience, while management's revenue signal identifies a direct risk to the next quarter.

Second-quarter figures set the benchmark

In the second quarter of 2026, net revenue rose 9 percent year over year to EUR 8.5 billion, while group net profit rose 10 percent year over year to EUR 1.9 billion, according to Bondsupermart. Investment Bank revenue increased 19 percent year over year to EUR 3.2 billion, making that division the largest contributor to group revenue growth.

Private Bank revenue increased 8 percent year over year to EUR 2.6 billion, while Asset Management revenue rose 4 percent year over year to EUR 756.0 million. The figures show why the EUR 41.50 target depends on growth outside investment banking as well as on capital-markets activity.

October 28 sets the next test

Deutsche Bank's investor-relations calendar lists the earnings report for the period ending September 30, 2026, on October 28, 2026, with an analyst conference call, according to Deutsche Bank. The report will show whether the investment banking slowdown described in October is reflected in group revenue or offset by the private and corporate banking divisions.

For investors, the key comparison is between the 9 percent second-quarter revenue increase and the flat-to-lower investment banking outlook for the third quarter. The EUR 41.50 target therefore rests on a more balanced earnings mix than the latest caution alone suggests.

Stock trades below the analyst target

Deutsche Bank stock was trading at EUR 29.42 at Lang & Schwarz on October 8, 2026 at 12:17 p.m. CEST, down 1.97 percent versus the Lang & Schwarz prior close of EUR 30.01. The price target lies 41.06 percent above the price. The further course of trading is shown by the continuously updated real-time quote of Deutsche Bank stock.