10 Stocks That Led Tuesday’s Charge

5. Deutsche Bank Aktiengesellschaft (NYSE:DB)

Deutsche Bank saw its share prices increase by 4.09 percent on Tuesday to end at $24.93 apiece following news that it partnered with DWS to develop private credit origination and investment opportunities for DWS clients across the private credit space.

Under the agreement, DB and DWS will have preferred access to certain asset-based finance, direct lending, and other private credit asset opportunities originated by DB.

The cooperation leverages DB’s extensive sourcing and origination capabilities to provide additional private credit investment opportunities to its global client base.

“Investor demand for private credit assets is strong and we have a market-leading financing business with a long track record in private credit origination across all asset classes going back more than two decades,” said Ram Nayak, co-head of investment banking and global head of fixed income and currencies at DB. “With over 1 trillion [euros] of assets under management and a global distribution network, as well as close ties to Deutsche Bank, DWS is the ideal partner to leverage our expertise, delivering our offering to their clients.”