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Deutsche Bank AG (DB) Receives a Buy from Goldman Sachs

In a report released today, Chris Hallam from Goldman Sachs maintained a Buy rating on Deutsche Bank AG (DBResearch Report), with a price target of EUR17.30. The company’s shares closed yesterday at $8.87.

According to TipRanks, Hallam is ranked #934 out of 7889 analysts.

In addition to Goldman Sachs, Deutsche Bank AG also received a Buy from Warburg Research’s Andreas Plaesier in a report issued on September 15. However, on the same day, Morgan Stanley maintained a Hold rating on Deutsche Bank AG (NYSE: DB).

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Based on Deutsche Bank AG’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.58 billion and a net profit of $1.18 billion. In comparison, last year the company earned a revenue of $6.16 billion and had a net profit of $795 million

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Founded in 1870, Germany-based Deutsche Bank AG provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through the following divisions: Corporate Bank, Investment Bank, Private Bank and Asset Management.

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