Deutsche Bank Rebounds From The Abyss

Deutsche Bank AG (USA) 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.