Deutsche Bank Revenues Are Past Peak, Bank of America Says, Reiterating Underperform

• (PLX AI) - Deutsche Bank revenues are past their peak while capital return is low, Bank of America analysts said, reiterating their underperform rating for the German bank.
• • Price target raised to EUR 9.50 from EUR 8.90 implies 15% downside
• • Deutsche Bank needs more market share gains in Investment Banking to meet targets, BofA said
• • Although fee income should provide some support, net interest income is hard to grow currently, making overall revenue growth prospects modest: BofA