Category Archives: $DB:CBK

FV Deutsche Banken ..if you prefer the Germans to the French….to get Europe exposure…

Europe could outperform the US this year, as the ‘fragile’ [according to Draghi] recovery starts to create some foundation.
$DB:$DBK – Deutsche Bank FV = 45
$DB:$CBK – CommerzBank FV= 16

Pick is $DB:DBK – on a forward p/e of 9x, and 2% dividend yield, and upside of 13%, this is a great stock to get exposure to Europe with some yield and upside potential. They have a virtual monopoly of Investment banking in Europe and a very client focused Bank.
buy 39. TP = 45, keep core , stop 35 for 1.5/1 Risk reward.