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Deutsche Bank under pressure

According to Seeking Alpha, the lender reporting its second consecutive quarterly loss of €832M in 3Q as it exits businesses and absorbs restructuring costs. We can also see a decline in investment department of the bank, where fixed income trading - while a €1B pretax loss was taken at its Capital Release Unit. -Q3 GAAP... Deutsche Bank under pressure
According to Seeking Alpha,

the lender reporting its second consecutive quarterly loss of €832M in 3Q as it exits businesses and absorbs restructuring costs. We can also see a decline in investment department of the bank, where fixed income trading - while a €1B pretax loss was taken at its Capital Release Unit.

-Q3 GAAP EPS of -0.41€

-Net revenues of €5.26B

Deutsche Bank on Xetra falls more than 6 percent near 6.75 € per share.

On the chart we can see there is building up symmetric triangle and from this pattern we can't forecast which way is more probable. We have negative earnings report for 3Q. Currently, the market is trading near previous lows. If this level broke, DB could test support trendline (blue) of triangle pattern. This is dangerous point, but in this support area (near orange supports) could create a reversal candle pattern for example bullish pin-bar. I need to remind, that from November there is program of restarted QE. This action could make the banks more profitable.


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This analysis serves only for educational purpose and can NOT be considered as investing advice. We recommend you to keep your risk and money management tight.

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