DEUTSCHE BANK AKTIENGESELLSCHAFT
In the published model solve dated 2026-Q2, anchored at $34.80, DEUTSCHE BANK AKTIENGESELLSCHAFT (DB) is priced for 9.5% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 24, 2026 from SEC EDGAR filings.
• Deutsche Bank came out of its long restructuring earning roughly an 11% return on equity, and today's quote asks it to keep delivering only about 9.5%. • The cushion here is regulatory capital rather than cash: a CET1 ratio of 13.8% at the end of the first quarter of 2026, inside a stated operating range of 13.5% to 14.0%, with a 60% payout ratio and a buyback programme running [Source: Deutsche Bank Q1 2026 results release]. • Second-quarter figures are published on July 29, 2026, the first
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458 institutional managers reported holding DB in 13F filings for the quarter ended 2026-03-31. Together they hold about 31% of the company; the top 10 hold 19%. 56 opened new positions that quarter. Held by Vanguard Group, UBS, Fisher Investments, among others. On the short side, 4.7M shares were sold short as of the 2026-06-15 count, about 0.2% of shares outstanding (1.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DB has cut its share count 1.5% over the past five years. It pays a dividend, and has for 1 year running. Cash returned over the past three years: $1.81B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 24, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.