DBK has struggled for years, but at current levels it is showing some strength. Price broke from descending channel after the news that Capital Group invested in the bank. There was also higher lows structure which was supported with positive movement on MACD and RSI.
Deutsche Bank’s restructuring plan was handed a vote of confidence after US asset manager Capital Group disclosed a large stake in the German lender, sending its shares up more than 10 per cent. Capital Group is one of the oldest and largest names in the US asset management industry with almost $2tn of assets. It has stuck with stock picking even as the threat from passive investing has grown over the past decade. The 3.1 per cent stake, which is worth more than €500m, makes Capital Group Deutsche’s fifth-largest shareholder. The Qatari Royal family and BlackRock are among the other top investors.
Deutsche Bank’s restructuring plan was handed a vote of confidence after US asset manager Capital Group disclosed a large stake in the German lender, sending its shares up more than 10 per cent. Capital Group is one of the oldest and largest names in the US asset management industry with almost $2tn of assets. It has stuck with stock picking even as the threat from passive investing has grown over the past decade. The 3.1 per cent stake, which is worth more than €500m, makes Capital Group Deutsche’s fifth-largest shareholder. The Qatari Royal family and BlackRock are among the other top investors.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.