Deutsche Bank Stuck In "vicious circle"; Faces "Insurmountable headwinds": Berenberg

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Mark Melin
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As the Deutsche Bank price target gets reduced below consensus, an analyst says the road ahead could be a cul de sac with narrowing options. Too many debt problems exist and illiquid credit markets will narrow the bank’s choices, particularly as “core profitability is impaired.” If one thinks negative interest rates defy economic logic, the investment case in Deutsche Bank at this time might be a close second, is the general impression. slashes Deutsche Bank price target 30% below consensus as “vicious circle” of being leveraged 40x limits options It is normally analysts at Deutsche Bank who issue buy and sell…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.