Deutsche Bank Rebounds From The Abyss
Deutsche Bank AG (USA) (NYSE: DB) shares are trading higher by $1.03 at $16.41 in Wednesday's session. On Tuesday, the issue swooned to $14.78 before recovering to close at $15.38. That is more than $6 lower than its 2008-2009 Financial Crisis-low of $20.97.
A catalyst for the rally may be an upgrade from a fellow German Bank -- Nord/LB -- from Sell to Hold. So far, the rally has peaked ahead of Friday's high ($17.20), only reaching $16.78.
For 2016, the issue is in the red by 32 percent falling from its December 31 close ($24.15) to its current level.
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