Troubled Deutsche Bank’s roughly 9 euro-per-share price tag might seem like a bargain, but the company still has plenty to prove to its investors amid a tsunami of negative news.
That was the view of some analysts after a trifecta of headlines hit the company over the last 24 hours: first, there was a downgrade from S&P Global Ratings, then news of criminal cartel charges out of Australia on Friday; and that was after reports on Thursday that the Federal Reserve had reservations about the bank’s stability.
