Shares of Deutsche Bank AG (NYSE: 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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
See Also: Can Deutsche Bank's Reassurance Calm Investors?
Investors may have been encouraged by a report that JPMorgan Chase & Co. (NYSE: 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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.