Deutsche Bank Soars Following Tender Offer, Highlights 'Strong Liquidity Position'

Shares of Deutsche Bank AG DB surged higher by nearly 10 percent early Friday morning after the company announced a public tender offer to purchase certain series of Euro and U.S. Dollar denominated senior unsecured debt securities.

Deutsche Bank noted that its "strong liquidity position" allows it to repurchase the securities without any changes to its 2016 funding plan.

See Also: Can Deutsche Bank's Reassurance Calm Investors?

Investors may have been encouraged by a report that JPMorgan Chase & Co. JPM's CEO Jamie Dimon bought $25 million worth of JPMorgan's stock on Thursday. The New York Times suggested that Dimon's purchase may serve as "recognition" that shares of financial companies have become "relatively cheap."

Shares of Deutsche Bank traded recently at $16.90, up 8.8 percent in the pre-market session.

Posted In: NewsBuybacksMoversbank stocksDeutsche BankJamie Dimon
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