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Germany's largest bank: corporate/investment banking, private banking and asset management, with a global trading and advisory franchise.
Germany's largest bank: corporate/investment banking, private banking and asset management, with a global trading and advisory franchise.
Earns from three sources: fees and interest on payments and trade finance for companies, trading and advisory in the investment bank, and retail and wealth banking in Germany through Postbank, bought in 2010. It listed asset manager DWS in 2018 and still owns most of it. A restructuring since 2019 cut costs and exited equities sales and trading.
In one line: Germany's Citigroup/Goldman Sachs hybrid.
Moat: narrow (scale, distribution, customer relationships). Leading European FICC trading franchise and corporate banking relationships, but has trailed US peers on returns.
Headquarters: Frankfurt, Germany · Founded: 1870 · Employees: 89,879
Size Deutsche Bank Aktiengesellschaft (DBK.DE) is a Germany Financials company (Investment Banks/Brokers) with a market value of $65.0B, the 10th largest of 205 Germany companies the cockpit tracks. Shares closed at €31.56 on 6 Nov 2026.
Performance Over six months the shares gained 15.1%, against +4.1% for the median peer and +2.6% for the Germany market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 0.2% over the last twelve months (peer median +10.5%); the operating margin is 30.5% (peer median 39.6%).
Valuation It trades at 9.5× forward earnings against a peer median of 19.1× (3rd cheapest of 21).
Credit Deutsche Bank Aktiengesellschaft has 394 bonds outstanding ($243B), rated BBB by the agencies and trading like BBB- at a weighted spread of 131 bp.
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €61.2B | €63.9B | €68.6B | €60.7B | €40.5B |
| Revenue growth | — | -7% | +13% | +50% | — |
| Net income | €6.52B | €6.17B | €2.79B | €5.83B | €5.05B |
| Free cash flow | n/a | €3.90B | -€20.9B | -€26.4B | -€2.40B |
| Capital expenditure | n/a | €443M | €528M | €422M | €337M |
| Total debt | €147B | €359B | €334B | €320B | €236B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Deutsche Bank Aktiengesellschaft DBK.DE | $65.0B | +15% | 0% | 30% | 9.5× | n/a |
| BNP Paribas BNP.PA | $114B | 0% | +8% | 16% | 7.9× | n/a |
| UBS UBSG.SW | $148B | +13% | -5% | 23% | 13.2× | n/a |
| JPMorgan Chase JPM | $889B | +11% | +9% | 42% | 13.4× | n/a |
| Barclays BARC.L | $75.1B | +1% | +7% | 22% | 8.2× | n/a |
| Commerzbank CBK.DE | $46.3B | +4% | -3% | 36% | 12.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DBK.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.4% | +1.1% | 7th highest of 21 |
| 6-month return | +15.1% | +4.1% | 5th highest of 21 |
| Distance from 52-week high | -11.9% | -13.7% | 11th highest of 21 |
| Revenue growth (TTM) | +0.2% | +10.5% | 6th lowest of 21 |
| Operating margin | 30.5% | 39.6% | 6th lowest of 21 |
| Forward P/E | 9.5× | 19.1× | 3rd cheapest of 21 |
| Bond spread | 131 bp | 63 bp | 2nd widest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Deutsche Bank Aktiengesellschaft DBK.DE | Germany | $65.0B | +15% | 0% | 30% | 9.5× | n/a | n/a |
| Deutsche Boerse DB1.DE | Germany | $63.8B | +32% | +7% | 41% | 24.7× | n/a | n/a |
| Macquarie MQG.AX | Australia | $63.5B | +5% | +5% | 20% | 18.1× | n/a | n/a |
| HKEX 0388.HK | Hong Kong | $62.2B | -10% | +23% | 75% | 24.6× | n/a | n/a |
| Nasdaq NDAQ | United States | $59.4B | +21% | +12% | 31% | 23.4× | n/a | n/a |
| Robinhood Markets HOOD | United States | $72.9B | +5% | +22% | 44% | 29.7× | n/a | n/a |
| CITIC Securities 600030.SS | China | $56.4B | -6% | -16% | 54% | 10.2× | n/a | n/a |
| Barclays BARC.L | United Kingdom | $75.1B | +1% | +7% | 22% | 8.2× | n/a | n/a |
| State Street STT | United States | $45.0B | +11% | +2% | 33% | 11.1× | n/a | n/a |
| Intercontinental Exchange ICE | United States | $96.3B | +11% | +14% | 47% | 20.1× | n/a | n/a |
| BNY Mellon BNY | United States | $99.4B | +13% | -1% | 37% | 14.7× | n/a | n/a |
| CME CME | United States | $109B | +9% | +9% | 66% | 23.6× | n/a | n/a |
| Cboe Global Markets CBOE | United States | $36.9B | +2% | +14% | 36% | 23.4× | n/a | n/a |
| Coinbase COIN | United States | $35.7B | -33% | -48% | -33% | 99.3× | n/a | n/a |
| Interactive Brokers IBKR | United States | $129B | -10% | +16% | 87% | 23.9× | n/a | n/a |
| Tradeweb Markets TW | United States | $29.7B | +17% | +14% | 44% | 27.9× | n/a | n/a |
| Yuanta Financial Holding Co. Lt 2885.TW | Taiwan | $28.1B | +28% | +78% | 28% | 14.2× | n/a | n/a |
| Charles Schwab SCHW | United States | $158B | +3% | +12% | 52% | 12.2× | n/a | n/a |
| LPL Financial LPLA | United States | $23.0B | -3% | +31% | 13% | 10.5× | n/a | n/a |
| Huatai Securities 601688.SS | China | $22.7B | -7% | -6% | 38% | 8.3× | n/a | n/a |
| China International Capital 601995.SS | China | $21.6B | -18% | -20% | 55% | 10.0× | n/a | n/a |
Deutsche Bank Aktiengesellschaft has 394 bonds outstanding with $243B face value. The agencies rate it BBB; its bonds trade like BBB-. Weighted yield 4.45%, a spread of 131 bp over government bonds.