Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. It operates through Corporate Bank, Investment Bank, Private Bank, and Asset Management segments. The Corporate Bank segment offers cash management, trade finance and lending, trust and agency, and securities services, as well as risk management solutions. The Investment Bank segment provides debt origination, merger and acquisitions, foreign exchange, and equity advisory and origination platform services. The Private Bank segment offers payment and account services, and credit and deposit products, as well as investment advice products, such as environmental, social, and governance products. This segment also provides banking, wealth management, other financial, and postal and parcel services; and supports in planning, managing and investing wealth, financing personal and business interests, and servicing institutional and corporate needs. The Asset Management segment offers investment solutions, such as alternative investments, which include real estate, infrastructure, liquid real assets, and sustainable investments; and various other services, including insurance and pension solutions, asset liability management, portfolio management solutions, and asset allocation advisory to individuals and institutions. Deutsche Bank Aktiengesellschaft was founded in 1870 and is headquartered in Frankfurt am Main, Germany.

Deutsche Bank демонстрирует смешанную финансовую картину. С одной стороны, коэффициенты P/E и EPS находятся на уровне медианы, что указывает на приемлемую оценку акций. Однако, низкие значения P/S и P/B значительно ниже медианных уровней, что может свидетельствовать о недооцененности, но также о проблемах в сфере доходности и эффективности. Долговая нагрузка (debt-equity ratio) значительно выше медианы, что создает дополнительные риски для инвесторов. Прибыль по чистому доходу показывает устойчивый рост, что положительно сказывается на восприятии компании. Однако, низкая доходность по дивидендам и отсутствие EBITDA могут настораживать, указывая на недостаточную финансовую стабильность. В целом, несмотря на хорошие показатели выручки и чистого дохода, высокие долги и низкая эффективность приводят к необходимости пересмотра целевой цены вниз.

Deutsche Bank AG

Key Points
XRP is down significantly, even as Ripple inks major deals with institutions like Deutsche Bank and expands its tokenization business.
Most of Ripple's activities and products don't actually require XRP.
Ripple's own stablecoin, RLUSD, can now replace XRP as the key bridge asset in its payment systems.
XRP (CRYPTO: XRP) is down more than 60% during the past eight months, yet Ripple -- the company behind XRP -- has been on a tear, inking new deals with some of the largest financial institutions in the world, like Deutsche Bank, which is integrating Ripple's payment technology to improve efficiency in areas like cross-border payments.
Tokenization -- the digitalization of real-world assets -- is booming, too; the Ripple's XRP Ledger now hosts $2.3 billion in tokenized real-world assets, up from under $1 billion at the start of the year.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
So why isn't XRP benefiting? Because most of Ripple's wins don't actually involve XRP.
The core disconnect
This is the core disconnect that XRP bulls have struggled with for years. Ripple, a closely held company, has genuine enterprise traction, but its most widely adopted product -- what was called RippleNet -- functions primarily as a messaging layer and doesn't require banks to touch XRP, and most don't.
Ripple's liquidity feature -- what was called On-Demand Liquidity (ODL) -- is the primary way in which institutions make use of XRP. Except that Ripple's stablecoin, RLUSD, introduced at the end of 2024, can now be used in its place.
The bottom line
Ripple's business has never looked stronger. But that strength isn't flowing to XRP, and that's likely to continue. I wouldn't invest in XRP -- although I know plenty of people would disagree with me.
Should you buy stock in XRP right now?
Before you buy stock in XRP, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and XRP wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $514,000!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,105,029!*
Now, it’s worth noting Stock Advisor’s total average return is 930% — a market-crushing outperformance compared to 187% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

XRP Has Fallen More Than 60% -- and Ripple's Success Won't Save It

Shares of Deutsche Bank AG DB fell nearly 7% yesterday as the company disclosed that its private credit portfolio increased to €25.9 billion (nearly $30 billion) in 2025, underscoring growing investor concern about risks accumulating in the rapidly expanding sector. According to the bank’s 2025 annual report, Deutsche Bank’s private credit portfolio exposure reflects a 6% year-on-year expansion, positioning the German lender among the banks with some of the largest links to the booming private credit industry.
Deutsche Bank said its underwriting remains conservative and emphasized that it does not currently face “significant direct risks.” Still, the bank acknowledged that it could experience indirect credit risks through interconnected portfolios and counterparties in the wider private credit ecosystem.
Another area of growing exposure is the technology sector, particularly loans linked to software companies. The bank’s loan exposure to the technology sector, including software, reached €15.8 billion ($18.2 billion) at amortized cost in 2025, up from €11.7 billion ($13.5 billion) in the previous year.
Private credit has grown into a nearly $2 trillionglobal market attracting institutional investors seeking higher yields. However, concerns about private credit intensified due to concerns about weak underwriting standards, lack of transparency, and rising borrower leverage. Some private credit funds have faced redemption pressures, while certain lenders have reported loan markdowns and credit quality concerns.
This week, JPMorgan JPM decided to mark down some private-credit loans. JPM has reduced the value of certain loans held as collateral by private-credit groups, particularly software-related exposures, and is accordingly limiting how much it will lend against those assets. The move underscores how banks are becoming more cautious about the quality and liquidity of private loans as pressure rises on sectors seen as vulnerable to artificial-intelligence (AI) disruption and weaker economic conditions.
Strains are also emerging across the broader alternative-asset industry, including companies like BlackRock BLK and Blackstone BX. Recently, BlackRock limited withdrawals from a flagship private-credit fund after redemptions surged. On the other hand, Blackstone announced a rise in its redemption cap from 5% to 7% after facing a jump in investor requests. This highlights how quickly confidence can be tested when investors want cash back at the same time.
To conclude, the disclosure of Deutsche Bank’s sizable private-credit exposure shows that sentiment around the fast-growing asset class can shift at any time. Despite flagging the risks related to private credit, Deutsche Bank said it plans to expand its business within the sector, aiming to broaden distribution through selective regional growth and by developing new investment products and digital solutions alongside its private bank.
DB Price Performance & Zacks Rank
Over the past year, shares of Deutsche Bank have gained 21.5% on the NYSE compared with the industry’s growth of 38.1%.
Image Source: Zacks Investment Research
Currently, DB carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Just Released: Zacks Top 10 Stocks for 2026
Hurry – you can still get in early on our 10 top tickers for 2026. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful.
From inception in 2012 through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.
Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2026. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

DB Stock Falls 7% After Revealing Nearly $30B Private Credit Exposure

In trading on Monday, shares of Deutsche Bank AG (Symbol: DB) crossed below their 200 day moving average of $34.51, changing hands as low as $33.73 per share. Deutsche Bank AG shares are currently trading off about 3.7% on the day. The chart below shows the one year performance of DB shares, versus its 200 day moving average:
Looking at the chart above, DB's low point in its 52 week range is $18.89 per share, with $40.43 as the 52 week high point — that compares with a last trade of $34.12.
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
Also see:
Top Ten Hedge Funds Holding EVC
Top Ten Hedge Funds Holding EVOX
Top Ten Hedge Funds Holding TXXI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Deutsche Bank Breaks Below 200-Day Moving Average - Notable for DB

Key Points
Billionaire Israel Englander bought shares of Robinhood Markets and Circle Internet Group in the fourth quarter.
Robinhood is gaining market share across several brokerage services categories, and the company has introduced an AI investing assistant.
Circle issues USDC, the largest stablecoin that fully complies with regulations in the U.S. and Europe, and it recently introduced a payments network.
Robinhood Markets (NASDAQ: HOOD) and Circle Internet Group (NYSE: CRCL) have been hammered as investors have soured on cryptocurrency. Shares are down 50% and 75%, respectively, from record highs.
Hedge fund billionaire Israel Englander bought the dip in the fourth quarter. Neither stock is a large position in his portfolio, but the trades are noteworthy because certain Wall Street analysts think Robinhood and Circle are deeply undervalued.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »
Brian Bedell at Deutsche Bank and Gautam Chhugani at Bernstein have set Robinhood with a target price of $160 per share. That implies 113% upside from its current share price of $75.
John Todaro at Needham and Gautam Chhugani at Bernstein have set Circle with a target price of $190 per share. That implies 206% upside from its current share price of $62.
Here's what investors should know.
1. Robinhood Markets
Robinhood operates an online trading platform designed for younger investors. With nearly twice the number of millennial and Gen Z accounts as its closest competitor (Vanguard), the company is well positioned for growth as the population matures. Millennials and Gen Z are forecast to inherit over $100 trillion in assets from baby boomers in coming decades.
Robinhood is already gaining market share in most brokerage service categories, including cryptocurrency, equities, margin lending, and options. Also, the company has rapidly gained share in prediction markets, which rank as its fastest-growing product line by revenue. Until recently, Robinhood only partnered with prediction exchanges like Kalshi, but it has since doubled-down on the opportunity by acquiring its own exchange.
Robinhood is also trying to capitalize on the artificial intelligence (AI) boom with Cortex, an investing assistant that summarizesmarket news analyst ratings, and research reports. Cortex is exclusively available to users with a Gold membership, which costs $5 per month or $50 per year. "Our goal is for Robinhood to give you a world-class financial team in your pocket, with cutting-edge tools you can't find anywhere else," said CEO Vlad Tenev.
Robinhood stock is down 50% from its high, partially because cryptocurrency transaction volume dropped in the fourth quarter as investors have become overwhelmingly bearish. But Wall Street expects adjusted earnings to increase at 20% annually through 2027, and that makes the current valuation of 36 times earnings look reasonable.
I doubt Robinhood will deliver triple-digit returns during the next year, unless investor sentiment surrounding cryptocurrency improves substantially, but the current valuation is still an attractive entry point for long-term investors. Among 28 analysts, the stock has a median target price of $129 per share, which implies 72% upside from the current share price of $75.
2. Circle Internet Group
Circle is a fintech company that mints stablecoins and provides developer tools that let businesses integrate blockchain payments into applications. The company is best known for USDC, a stablecoin that tracks the U.S. dollar. While it is the second-largest stablecoin by market value, it is the largest stablecoin that fully complies with regulations in the U.S. and Europe.
Circle primarily earns revenue from interest on reserve assets (i.e., the fiat currency held in reserve to back its stablecoins). But the company has expanded into payments with the Circle Payments Network (CPN), which is designed to be faster and cheaper than traditional cross-border payment systems. Multinational companies may find the CPN particularly valuable for payroll, supplier payments, and treasury management.
Presently, the stablecoin market is worth about $315 billion. But several experts estimate that figure will soar to $2 trillion by 2030, which implies annual grow of 45%. Some experts are even more optimistic. U.S. Treasury Secretary Scott Bessent thinks the stablecoin market could hit $3 trillion by 2030, implying annual growth of 57%.
In November, Circle estimated USDC in circulation would increase at 40% annually over the next several years, which suggests reserve income (i.e., revenue from interest) could grow faster than 30% annually during that period. But total revenue could increase more quickly if the CPN gains traction as a cross-border payment system.
Wall Street estimates revenue will increase at 33% annually through 2027, which makes the current valuation of 5.8 times sales look quite reasonable. I doubt the stock will deliver triple-digit returns in the next year unless market sentiment on cryptocurrency improves. But the stock appears undervalued. Among 27 analysts, Circle has a median target price of $107 per share, implying 73% upside from the current share price of $62.
Should you buy stock in Robinhood Markets right now?
Before you buy stock in Robinhood Markets, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Robinhood Markets wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $415,256!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,133,904!*
Now, it’s worth noting Stock Advisor’s total average return is 889% — a market-crushing outperformance compared to 193% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of February 19, 2026.
Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Billionaire Israel Englander Buys 2 Stocks That Can Soar 113% and 206%, According to Wall Street Analysts

Tuesday, February 17, 2026
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including AbbVie Inc. (ABBV), RTX Corp. (RTX) and International Business Machines Corp. (IBM), as well as two micro-cap stocks EVI Industries, Inc. (EVI) and Rocky Mountain Chocolate Factory, Inc. (RMCF). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Pre-Markets Begins Shorter Week Slowly
Today's Featured Research Reports
Shares of AbbVie have gained +13.8% over the past six months against the Zacks Large Cap Pharmaceuticals industry’s gain of +29.5%. The company beats fourth-quarter estimates for both earnings and sales. AbbVie has successfully navigated Humira's loss of exclusivity (LOE) by launching two other successful new immunology medicines, Skyrizi and Rinvoq, which are performing extremely well, bolstered by approvals in new indications, and should support top-line growth in the next few years.
AbbVie’s neuroscience portfolio is also contributing to top-line growth. AbbVie delivered robust net sales growth in 2025 which is just the second full year following the Humira LOE in the United States. It has been on an acquisition spree in the past couple of years to bolster its early-stage pipeline that should drive long-term growth.
However, the company faces several headwinds like Humira LOE impact, slowing oncology sales and continued macro headwinds for Aesthetics.
(You can read the full research report on AbbVie here >>>)
RTX’s shares have outperformed the Zacks Aerospace - Defense industry over the past six months (+29.2% vs. +11.7%). The company’s fourth-quarter 2025 earnings and revenues beat estimates. It continues to receive ample orders for its wide range of combat-proven defense products from the Pentagon and its foreign allies.
Steadily improving global commercial air traffic boosts the company's sales. Strong volumes and a favorable mix across large commercial engines and Pratt Canada operations are expected to support the company’s growth momentum in the commercial aerospace market. This resulted in RTX registering a backlog of $268 billion as of Dec. 31, 2025.
Yet, the uncertainties created by the recent imposition of U.S. government-issued import tariffs pose a risk for RTX. Supply-chain challenges continue to affect the aerospace sector, which may adversely impact RTX.
(You can read the full research report on RTX here >>>)
Shares of IBM have gained +10.8% over the past six months against the Zacks Computer - Integrated Systems industry’s gain of +61.4%. The company reported strong fourth-quarter 2025 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. Strength in hybrid cloud, AI-powered automation, and enterprise consulting is driving growth in the Software and Consulting segment.
IBM is gaining traction on the Watsonx platform, which is likely to be its core technology platform for AI capabilities. The company’s focus on quantum technology for solutions to complex problems beyond the reach of classical computing is a tailwind. Collaboration with Microsoft to expand consulting capabilities is a positive.
However, weakness in its traditional business and foreign exchange volatility remain concerns. Macroeconomic headwinds are worrisome. IBM’s acquisition spree has also escalated integration risks, while its high debt level is burdensome.
(You can read the full research report on IBM here >>>)
EVI’s shares have outperformed the Zacks Industrial Services industry over the past year (+24.4% vs. +4.9%). This microcap company with a market capitalization of $269.33 million delivered solid top-line momentum, with revenues rising 24% in the December quarter and 20% for the first six months of FY26, alongside gross margin expansion to ~31%. Improved mix, pricing discipline and operating leverage are enhancing earnings quality.
Fiscal 2025 acquisitions contributed $40 million in revenues and $2 million in net income year to date. Operating cash flow improved to $5.1 million despite a $12.6 million inventory build, while a growing installed base and $9.7 million in lease receivables provide recurring service visibility.
However, earnings conversion remains pressured: net income dipped to $4.2 million as SG&A rose 26%, outpacing revenue growth. Inventory increased to $78 million, elevating working capital and demand-risk exposure. Debt rose to $58 million under a variable-rate facility, increasing sensitivity to higher rates. Shares trade at 0.83X EV/Sales and 16.32X EV/EBITDA.
(You can read the full research report on EVI here >>>)
Shares of Rocky Mountain have outperformed the Zacks Retail - Restaurants industry over the past year (+51.1% vs. -6.0%). This microcap company with market capitalization of $25.76 million, is working on margin-first execution which is driving structural recovery — manufacturing gross margin rose to 21.4% from 10%, EBITDA turned positive, operating losses narrowed sharply and cash burn improved.
Franchise royalties are growing, tech upgrades enhance efficiency and cocoa tailwinds support margins. Current valuation reflects skepticism around liquidity and execution risk, but offers meaningful upside potential if margin recovery, deleveraging and sustained profitability gains are achieved.
However, Rocky Mountain faces near-term liquidity and covenant risk, with $0.6 million cash, continued operating losses, high-cost 12% debt and reliance on external funding. Elevated leverage and $3.4 million corporate overhead offset segment profit, while manufacturing revenue declines and franchise rationalization pressure scale. Retail expansion adds capital intensity.
(You can read the full research report on Rocky Mountain here >>>)
Other noteworthy reports we are featuring today include GE Aerospace (GE), The Williams Companies, Inc. (WMB) and Deutsche Bank Aktiengesellschaft (DB).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
IBM Rides on Solid Demand for Hybrid Cloud and AI Solutions
Featured Reports
Commercial Engines and Services Unit to Aid GE Aerospace (GE)
Per the Zacks analyst, GE Aerospace's Commercial Engines and Services business is driven by solid demand for LEAP GEnx and GE9X engines and services supported by fleet renewal and expansion activities
Strong Contracted Power Projects Aids Williams Companies (WMB)
The Zacks analyst believes that Williams Companies' $7.3 billion in fully contracted power projects creates predictable cash flows but is worried over its high debt burden.
Revenue Growth Supports Deutsche Bank (DB) Amid High Expenses
Per the Zacks analyst, Deutsche Bank's Global Hausbank model and focus on capital-light businesses support revenue growth. However, rising non-interest expenses may weigh on bottom-line growth.
Check Point (CHKP) Rides on Product Portfolio Strength
Per the Zacks analyst, Check Point is gaining from solid contributions of its growth-oriented products, primarily CloudGuard, Sandblast Zero-day threat prevention and Infinity solutions.
Affirm (AFRM) Rides on Active Merchant Numbers, Higher Expenses Hurt
Per the Zacks analyst, growth in Affirm's active merchant numbers and improvement in Gross Merchandise Value will fuel its top-line. However, rising expenses remain a concern for the company.
Penske Automotive (PAG) Service Momentum Offsets Weak BEV Sales
Per the Zacks analyst, strong service and parts growth support Penske's earnings, though declining BEV units and softer premium demand may limit near-term results.
Spectrum Brands' (SPB) Brand and Innovation Efforts Remain Encouraging
Per the Zacks analyst, Spectrum Brands is focused on driving growth through brand-building, innovation and operating efficiency. It also makes investments in commercial capabilities to boost sales.
New Upgrades
Focus on Premium Traffic Boosts LATAM Airlines' (LTM) Prospects
The Zacks analyst is impressed with the carrier's focus on premium traffic and an efficient cost structure. Efforts to reward its shareholders are also commendable.
Patient-Centric Care Model, Clinical Innovation Aid DaVita (DVA)
The Zacks analyst is upbeat about DaVita's patient-centric care model that leverages its platform. Continued execution of targeted initiatives to improve treatment adherence is an added plus.
Innovative Laser Portfolio Boosts IPG Photonics (IPGP) Prospects
Per the Zacks analyst, IPG Photonics is benefiting from innovations such as the CROSSBOW laser counter-UAV system and growth in medical applications, particularly urology.
New Downgrades
Corcept's (CORT) Korlym Dependence for Sales Raises Concerns
Per the Zacks analyst, Corcept's sole dependence on Cushing's syndrome drug, Korlym, for revenues is concerning. Recent pipeline setbacks weigh heavily on the stock.
Slow Housing Starts and High Costs are Hurting Boise Cascade (BCC)
Per the Zacks analyst, Boise Cascade is hurting due to slow single-family housing starts, resulting in low volumes and unfavorable commodity pricing. Also, elevated costs are additional risks.
Easing Consumer Demand and Cost Pressures Hurt Shake Shack (SHAK)
Per the Zacks analyst, easing demand momentum amid persistent headwinds hurts Shake Shack. Limited traffic growth, inflation pressures and weather disruptions remain a concern for the company.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
EVI Industries, Inc. (EVI): Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Analyst Reports for AbbVie, RTX & IBM

Deutsche Bank AG DB is set to expand its emerging markets private banking operations, according to a Reuters report, which was published in Yahoo Finance. The German bank intends to add up to 50 relationship managers this year within its Private Bank’s emerging markets unit. Its selective hiring is expected to continue through 2027 and 2028, though management did not disclose region-specific headcount figures yet.
The move forms part of a broader plan to increase front-office headcount in the emerging markets franchise by 50% over the next three years. A significant portion of the 250 bankers previously announced under Deutsche Bank’s wider wealth expansion strategy are likely to be allocated to this segment.
DB Capturing Growing Wealth in Gulf & North Asia
The hiring push reflects Deutsche Bank’s effort to capitalize on expanding wealth pools across the Gulf and North Asia, where ultra-high-net-worth (UHNW) clients are increasingly seeking geographic and asset-class diversification. This trend reflects growing demand for cross-border wealth management amid geopolitical uncertainty and market volatility.
The expansion also aligns with broader industry trends, with global financial firms like The Goldman Sachs Group, Inc. GS and Barclays PLC BCS pursuing similar strategies in emerging markets. According to Boston Consulting Group’s Global Wealth Report 2025, the global financial wealth reached a record $305 trillion in 2024, reinforcing the long-term structural opportunity in wealth management.
In line with this trend, GS launched an onshore private wealth management presence in Riyadh, Saudi Arabia, targeting ultra-wealthy clients in October 2025. Earlier, in November 2024, BCS announced plans to establish a new private banking booking center in Singapore by 2026, aimed at expanding its Asia footprint and serving ultra-high-net-worth and global family office clients.
DB Plans to Scale Lombard Lending Capabilities
Alongside relationship manager hiring, Deutsche Bank is sharpening its focus on Lombard lending, a product that allows private banking clients to borrow against their investment portfolios.
The clients are moderately increasing leverage, reflecting growing interest in Lombard lending. Management views Lombard lending as an area of rising demand and intends to further scale capabilities in this segment.
The expansion of Deutsche Bank’s emerging markets franchise complements its Global Hausbank strategy, which prioritizes capital-light, fee-generating businesses such as wealth management. As of Dec. 31, 2025, these businesses contributed nearly 67.5% of total revenues. The bank further targets a net revenue compound annual growth rate (CAGR) of above 5% through 2028, driven by these fee-based, capital-light operations.
By strengthening coverage in high-growth wealth markets and expanding lending solutions for affluent clients, Deutsche Bank is positioning its Private Bank business to contribute more meaningfully to its medium-term revenue growth and return targets through 2028.
Building on this strategic expansion, the bank reaffirmed its target post-tax return on tangible equity above 13% by 2028 and expects the cost/income ratio to decline below 60%. The CET1 capital ratio is also projected to remain within the 13.5%–14% range, supporting sustainable shareholder distributions, including a 60% payout ratio. While incremental investments and higher compensation costs may weigh on near-term earnings, the bank’s diversified deposit base and structural reforms are expected to support steady medium-term growth.
DB’s Price Performance & Zacks Rank
Over the past six months, shares of Deutsche Bank have gained 3.5% on the NYSE compared with the industry’s growth of 15.9%.
Image Source: Zacks Investment Research
Currently, DB carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Barclays PLC (BCS) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

DB Plans 50 Hires, Scales Private Banking in Emerging Markets

Key Points
President Trump's tariffs have coincided with the slowest jobs growth since the pandemic.
Wall Street expects the S&P 500 to climb about 10% in the remaining months of 2026.
The S&P 500 trades at a rich valuation and it tends to perform poorly around midterm elections.
The S&P 500 (SNPINDEX: ^GSPC), the most popular benchmark for the U.S. stock market, posted double-digit returns in 2023, 2024, and 2025. And the index is off to a relatively strong start in 2026, adding a little more than 1% year to date amid continued enthusiasm about artificial intelligence.
However, President Trump's tariffs have created a great deal of uncertainty, and businesses have responded by hiring fewer workers. The economy added just 181,000 jobs in 2025, a sharp decline from 1.2 million in 2024. In fact, jobs growth has not been so weak since the pandemic in 2020.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
So what? Slow jobs growth hints at an economic slowdown, which is particularly concerning because the S&P 500 trades at a very expensive valuation. Nevertheless, most Wall Street analysts anticipate double-digit gains in the remaining months of 2026. Here's what investors should know.
The Wall Street consensus says the S&P 500 will climb about 10% in the remaining months of 2026
Collectively, S&P 500 companies reported an acceleration in revenue and earnings growth in 2025, and Wall Street anticipates another acceleration in 2026, driven by solid economic growth (supported by tax cuts and artificial intelligence spending) and one or two interest rate cuts from the Federal Reserve.
In turn, most analysts expect double-digit gains in the S&P 500 in the remaining months of the year. The chart below provides a consolidated view of where various Wall Street research organizations and investment banks think the benchmark index will finish the year. It also shows the implied upside from the current level of 6,940.
Wall Street Firm
S&P 500 Year-End Target
Upside
Oppenheimer
8,100
17%
Deutsche Bank
8,000
15%
Morgan Stanley
7,800
12%
Seaport Research
7,800
12%
Evercore
7,750
12%
RBC Capital
7,750
12%
Citigroup
7,700
11%
Fundstrat
7,700
11%
UBS
7,700
11%
Yardeni Research
7,700
11%
Goldman Sachs
7,600
10%
Canaccord Genuity
7,500
8%
HSBC
7,500
8%
Jefferies
7,500
8%
JPMorgan Chase
7,500
8%
Wells Fargo
7,500
8%
Barclays
7,400
7%
CFRA Research
7,400
7%
Societe Generale
7,300
5%
Bank of America
7,100
2%
Median
7,650
10%
Data source: Reuters, Yahoo Finance. The chart above shows year-end forecasts for the S&P 500 in 2026. Upside percentages have been rounded to the nearest whole number and are based on the index's level of 6,940 when this article was written.
The 20 Wall Street research organizations and investment banks listed above expect the S&P 500 to move higher in the remaining months of 2026, with projected returns ranging from roughly 2% to 17%. But the median forecast says the index will advance about 10%.
However, Wall Street has historically done a poor job forecasting where the S&P 500 will close in a given year, not because analysts are incompetent, but rather because predicting the future is impossible. In the last four years, the median year-end estimate for the S&P 500 was incorrect by an average of 16 percentage points.
Why Wall Street might be wrong about the S&P 500 in 2026
The S&P 500 currently trades at 22 times forward earnings, a valuation it has more or less maintained for the last 18 months. That is a meaningful premium to the 10-year average of 18.8 times forward earnings.
Previously, the S&P 500 has only sustained such an expensive valuation during two periods in history: the dot-com bubble in the late 1990s/early 2000s and the Covid-19 pandemic in the early 2020s. In both cases, the index ultimately dropped into a bear market.
The odds of a bear market in 2026 are arguably elevated because President Trump's tariffs are a source of economic uncertainty even in the best case scenario. Businesses have already cut back on hiring, and policy uncertainty will likely intensify as midterm elections approach. And uncertainty makes investors nervous.
Since 1950, the S&P 500 has return an average of just 4.6% in midterm election years, according to Carson Investment Research. More concerning, the S&P 500 has suffered an average intra-year drawdown of 17% during midterm election years. In other words, history says the index is likely to fall 17% at some point in 2026.
Importantly, investors should not interpret anything I've said as a reason to exit the stock market today. Past performance is never a guarantee of future results. But the current market environment warrants caution. Limit stock purchases to your highest-conviction ideas, and never buy stocks you aren't willing to hold through a steep drawdown.
Should you buy stock in S&P 500 Index right now?
Before you buy stock in S&P 500 Index, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and S&P 500 Index wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $429,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,165,045!*
Now, it’s worth noting Stock Advisor’s total average return is 913% — a market-crushing outperformance compared to 196% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of February 13, 2026.
HSBC Holdings is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Evercore, Goldman Sachs Group, JPMorgan Chase, and Jefferies Financial Group. The Motley Fool recommends Barclays Plc and HSBC Holdings. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Will the Stock Market Crash Under President Donald Trump in 2026? Wall Street Has a Surprising Answer for Investors.

Key Points
Deutsche Bank issued a big price-target increase for Micron stock yesterday.
A Samsung executive recently said that high demand for memory chips is expected to continue into next year.
Micron (NASDAQ: MU) stock is moving higher in Wednesday's trading. The memory-chip company's share price was up 9.7% as of 2:45 p.m. ET amid flat trading for both the S&P 500 and the Nasdaq Composite.
Micron is getting a valuation boost today thanks to bullish analyst coverage. The stock is also seeing bullish momentum in conjunction with recent comments from one of the company's biggest competitors in the memory-chip market.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Deutsche Bank raises price target for Micron stock
Deutsche Bank published new coverage on Micron yesterday and reiterated a buy rating on the stock. The firm's analysts also raised their one-year price target on the stock from $300 per share to $500 per share, citing a favorable outlook for margins driven by high demand for artificial intelligence (AI) memory chips. As of this writing, Deutsche Bank's new price target implies additional upside of roughly 22%.
Demand for memory chips looks poised to remain high
In addition to Deutsche Bank's new price target, Micron stock is likely also getting a lift from comments made by the chief technology officer of Samsung Electronics' chip unit. Speaking at the Semicon trade show today, Song Jai-hyuk said that he expected that high demand for memory chips would likely continue through 2026 and extend into next year. While Micron and Samsung are competitors, sky-high demand for memory chips used in AI processors and data center applications is benefiting both companies and is on track to continue lifting sales and earnings.
Should you buy stock in Micron Technology right now?
Before you buy stock in Micron Technology, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Micron Technology wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $443,353!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,155,789!*
Now, it’s worth noting Stock Advisor’s total average return is 920% — a market-crushing outperformance compared to 196% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of February 11, 2026.
Keith Noonan has positions in Micron Technology. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Micron Stock Is Skyrocketing Today

UBS Group AG UBS reported a fourth-quarter 2025 net profit attributable to shareholders of $1.19 billion compared with $770 million in the prior-year quarter.
Results were driven by the strong performances of the Global Wealth Management, Asset Management and Investment Bank divisions. However, the decline in total assets was concerning.
For 2025, the company reported a net profit attributable to shareholders of $7.77 billion compared with $5.08 billion in the prior-year quarter.
UBS' Revenues & Expenses
The company’s fourth-quarter total revenues increased 4.4% year over year to $12.14 billion.
For 2025, the company’s revenues rose 1.9% year over year to $49.6 billion.
Operating expenses fell nearly 1% year over year to $10.29 billion.
UBS Group reported total credit loss expenses of $159 million, which declined 30.6% from the year-ago quarter.
UBS Group Business Divisions’ Performances
Global Wealth Management’s operating profit before tax was $1.29 billion, up from $867 million in the year-ago quarter.
Asset Management’s operating profit before tax was $212 million, up 65.6% from the year-ago quarter.
Personal & Corporate Banking reported operating profit before tax of $565 million, down 5% year over year.
The Investment Bank unit reported an operating profit before tax of $640 million, up from $479 million in the year-ago quarter.
Non-Core & Legacy incurred an operating loss before tax of $455 million in the reported quarter compared with a loss of $923 million in the year-ago quarter.
Group Items reported an operating loss before tax of $552 million compared with a loss of $100 million in the year-ago quarter.
UBS's Capital Position
Total assets fell nearly 1% from the previous quarter’s end to $1.62 trillion.
UBS’s return on Common Equity Tier 1 (CET1) capital was 6.6% as of Dec. 31, 2025, compared with 4.2% as of Dec. 31, 2024.
The risk-weighted assets declined 1% year over year to $493.4 billion.
The CET1 capital declined marginally year over year to $71.3 billion. As of Dec. 31, 2025, UBS's invested assets were $7 trillion, up 15.1% year over year.
UBS Group’s Capital Distribution Update
For 2025, the board of directors plans to propose a dividend of $1.10 per share to UBS shareholders. Subject to approval at the Annual General Meeting, scheduled for April 15, 2026, the dividend will be paid out on April 23 to shareholders of record as of April 22.
The company remains committed to progressive dividends and plans to accrue for a mid-teens percentage increase in the ordinary dividend per share for 2026.
In the fourth quarter of 2025, UBS completed its planned $3 billion worth of share repurchases. The company intends to repurchase $3 billion of shares in 2026, with an aim to do more, subject to clarity around the future regulatory regime in Switzerland.
UBS Progresses With Credit Suisse Integration Plan
The company is on track to substantially complete the integration of Credit Suisse by the end of 2026.
In the fourth quarter of 2025, UBS continued to advance its Swiss business migrations, with 85% of Swiss-booked client accounts migrated by the end of the quarter, while the migration of Personal & Corporate client accounts was substantially complete. The company remains on track to complete the Swiss booking center migrations by the end of the first quarter of 2026.
By the end of the fourth quarter of 2025, UBS had decommissioned around 73% of applications in the Non-core and Legacy division. Meanwhile, the transfer of Credit Suisse International’s residual business and related products to UBS AG London Branch and UBS Europe SE was largely completed.
In the fourth quarter of 2025, the company delivered an additional $0.7 billion in gross cost savings. Cumulative gross cost savings totaled $10.7 billion at the end of 2025 compared with the combined 2022 cost base of UBS and Credit Suisse. The company has identified additional synergies, allowing it to raise its ambition for annualized exit rate gross cost savings by the end of 2026 from around $13 billion to approximately $13.5 billion. Management expects cumulative integration-related expenses to be around $15 billion by the end of 2026, assuming constant foreign-exchange rates.
As of Dec. 31, 2025, the non-core and legacy business division has delivered a 67% reduction in risk-weighted assets (RWA) since the second quarter of 2023. UBS has achieved its ambition to reduce credit and market risk RWA to around $5 billion, and continues to target a further reduction to approximately $4 billion by the end of 2026.
Our Take on UBS Group
UBS’s inorganic growth efforts will support its top line. The company continues to make steady progress with the integration of Credit Suisse. UBS Group significantly reduced execution risks while maintaining a robust capital position.
UBS Group AG Price, Consensus and EPS Surprise
Currently, UBS carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Foreign Banks
ICICI Bank Ltd.’s IBN profit after tax for the third-quarter fiscal 2026 (ended Dec. 31) was INR113.2 billion ($1.3 billion), down 4% from the prior-year quarter.
Results were hurt by a significant rise in provisions, higher operating expenses and treasury loss. However, rising net interest income and non-interest income, along with solid loan growth, were tailwinds for IBN.
Deutsche Bank DB reported fourth-quarter 2025 earnings attributable to its shareholders of €1.29 billion ($1.55 billion), which rose significantly from €106 million ($126.8 million) reported in the prior-year quarter.
DB’s increased revenues and lower provisions for credit losses aided results. Notably, the decline in expenses was also encouraging.
Free Report: Profiting from the 2nd Wave of AI Explosion
The next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.
Investors who bought shares like Nvidia at the right time have had a shot at huge gains.
But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.
Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.
Access AI Boom 2.0 now, absolutely free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
UBS Group AG (UBS) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

UBS Group Q4 Earnings & Revenues Increase Y/Y, Expenses Decline

The SPDR Gold Shares ETF (NYSEMKT: GLD) has increased 25% year to date, putting it ahead of Palantir Technologies (down 12%) and Nvidia (up 3%). More impressive, the gold fund outperformed both artificial intelligence stocks by at least 50 percentage points over the last six months.
Meanwhile, the SPDR Gold Shares ETF has also outperformed the S&P 500 (SNPINDEX: ^GSPC) by 23 percentage points year to date and 52 percentage points over the last six months. Two hedge fund billionaires (both with excellent track records) positioned their portfolios to benefit in the third quarter.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »
Israel Englander of Millennium Management added 104,900 shares of the SPDR Gold Shares ETF. The gold fund represented less than 1% of his portfolio as of September 2025.
Ken Griffin of Citadel Advisors added 255,100 shares of the SPDR Gold Shares ETF. He also bought call options on the gold fund, and they were his fourth-largest holding as of September 2025.
Millennium and Citadel outperformed the S&P 500 over the last three years, and they rank among the five most successful hedge funds in history as measured by net gains, according to LCH Investments. That makes Englander and Griffin good sources of inspiration.
Are gold funds (like the SPDR Gold Shares ETF) still worth buying?
The SPDR Gold Shares ETF tracks the price of gold
The SPDR Gold Shares ETF is an exchange-traded fund run by State Street. It tracks gold prices by dividing physical bullion held in vaults into shares. Investors benefit because the fund is more liquid and more convenient than gold bars.
Additionally, gold is an attractive portfolio diversifier because its price movements have historically shown little (if any) correlation with stocks and bonds. That makes gold look especially appealing during periods of global tension, macroeconomic distress, or other situations that could cause stocks and bonds to drop.
According to State Street, "Gold has demonstrated a low and negative correlation to many financial asset indexes over time and has a track record of providing a hedge during periods of large market drawdowns, systemic risk, and geopolitical volatility."
For instance, during the financial crisis of 2008, gold prices declined 29%, while the S&P 500 dropped 57%. During the brief recession in 2020, gold prices declined 13%, while the S&P 500 dropped 34%. And when inflation hit a four-decade high in 2022, gold prices declined 21%, while the S&P 500 dropped 25%.
President Trump's policies have caused geopolitican tension and economic uncertainty
Gold prices, just like the value of any commodity, depend on supply and demand. Supply increases slowly, with above-ground gold stock growing at roughly 2% annually for the last few decades. That means demand is the most consequential variable.
Gold is considered a safe haven asset because it generally retains its value (or even increase in value) during periods of geopolitical tension and economic distress. Consequently, demand for gold tends to increase when investors are worried about war, inflation, recession, or the devaluation of fiat currency like the U.S. dollar.
President Trump has stoked those fears with tax, trade, fiscal, and foreign policy decisions. During his second term, the U.S. Dollar Index has declined 11% (falling to a four-year low) due to sweeping tariffs, tax cuts, rising government debt, attempts to compromise the Federal Reserve's independence, and threats to take Greenland by any means necessary.
Many Wall Street analysts believe the geopolitical and economic tumult created by the Trump administration will push gold prices even higher in the remaining months of 2026, but others think the precious metal is likely to lose value.
Shown in the chart below are year-end target prices for gold from several investment banks and research organizations. It also shows the implied upside (or downside) compared to the current price of $5,400 per ounce.
Financial Institution
Gold Price Per Ounce in 2026
Upside (Downside)
Bank of America
$6,000
11%
Deutsche Bank
$6,000
11%
Societe Generale
$6,000
11%
Morgan Stanley
$5,700
5%
Goldman Sachs
$5,400
0%
JPMorgan Chase
$5,300
(2%)
Citibank
$5,000
(8%)
Standard Chartered
$4,800
(11%)
Wells Fargo
$4,700
(13%)
Median
$5,400
0%
Of course, investors shouldn't necessarily listen to Wall Street. Gold has nearly doubled in value in the past year and few (if any) analysts expected such strong price appreciation. To that end, I think investors -- especially those who think President Trump's policies will be a continued source of global anxiety -- should consider adding exposure. In general, buying shares of a gold ETF (like the SPDR Gold Shares ETF) is a cheap and easy way to do that.
Should you buy stock in SPDR Gold Shares right now?
Before you buy stock in SPDR Gold Shares, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SPDR Gold Shares wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $456,457!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,174,057!*
Now, it’s worth noting Stock Advisor’s total average return is 950% — a market-crushing outperformance compared to 197% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of January 30, 2026.
Citigroup is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Trevor Jennewine has positions in Nvidia and Palantir Technologies. The Motley Fool has positions in and recommends Goldman Sachs Group, JPMorgan Chase, Nvidia, and Palantir Technologies. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	14.22 13.58
Price/Sales	1.18 2.08
P/B	0.81 1.18
P/FCF	1.54 10.49

Indicator	TTM Median
ROE	6.91 10.31
ROA	0.40 1.17
ROI	2.88 6.85
Net Worth	70.84 1.01
Quick Ratio	0.00 1.37
Current Ratio	0.78 0.97

Indicator	TTM Median
Net Profit Margin	9.29 16.80
Operating Margin	13.63 22.80
Gross Margin	51.64 69.57
Return on tangible equity	7.61 12.33

Indicator	TTM Median
EPS	0.88 0.68
EPS Forecast	0.72 0.67
Revenue	17.25B 84.00M
Gross Profit	9.00B —
EBITDA	0.00 —

Deutsche Bank AG

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue