Replies to post #541 on Deutsche Bank AG (DB)

[fromtheuk]

In the short term I agree,

The earnings were bad, but not dire as originally expected. The guidance they gave was accurate. The stock was priced poised to fail. For now, it’s bought it’s self some time.

The next big test will be October when Italy produces the 2019 budget. This will be a good indication if it’s days in the EU / Euro are numbered. If Italy defaults, Deutsche Bank is the biggest holder of Italian debt, closely followed by the big two French banks. If the Italians produce the budget they said they would, expect DB to fall on anticipation of what ‘may’ follow.