Deutsche Bank, publicly owned and headquartered in Germany, was founded in 1870 and employs approximately 73,340 individuals. It operates primarily in the financial services sector, functioning as a multinational investment bank.
Deutsche Bank anticipates the European Central Bank's next rate adjustment will occur only in 2026, forecasting a hike. Earlier on July 10, 2026, the bank downgraded SPG from a Buy to a Hold rating with a $220 price target, deeming it "fully valued" after a 21% year-to-date rally and a 4% dividend yield. On the same day, Deutsche Bank suggested that approval for OneMain's bank charter application "could be imminent," reiterating a Buy rating and an $80 price target, believing this approval "could provide the needed catalyst to drive these undervalued shares ~35% higher." Also on July 10, the bank expanded its operations in Qatar by launching a Research Centre of Excellence, underscoring its strategic investment in the Middle East and its commitment to delivering advanced regional research. Previously, on July 10, Xiong Yi, Deutsche Bank's chief economist for China, stated that China's economy performed solidly in the first half of 2026 and is poised to gain sequential momentum from the second quarter, supported by lower energy prices and additional policy measures to boost domestic demand.
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