5 Best European Bank Stocks to Buy Now

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1. Deutsche Bank Aktiengesellschaft (NYSE: DB)

Number of Hedge Fund Holders: 20

Deutsche Bank Aktiengesellschaft (NYSE: DB) is a German financial services company with a network of close to 60 countries. It has three main business divisions: Corporate & Investment Bank (CIB), Private & Commercial Bank, and Deutsche Asset Management (DWS) – the latter of which separated from the bank in March 2018 although Deutsche Bank Aktiengesellschaft (NYSE: DB) still holds a majority stake in DWS. It is ranked first on our list of 10 best European bank stocks to buy now. The stock has returned over 27.65% to investors over the course of the past year.

On July 28, Deutsche Bank Aktiengesellschaft (NYSE: DB) posted earnings for the second quarter of 2021, reporting earnings per share of EUR 0.20 ($0.24), missing estimates by $0.16. The total net revenue over the period was around EUR 6.23 billion ($7.51 billion), down 0.79% year-over-year.

At the end of the second quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth $1.86 billion in Deutsche Bank Aktiengesellschaft (NYSE: DB), up from 16 the preceding quarter worth $1.77 billion.

Out of the hedge funds tracked by Insider Monkey, Hudson Executive Capital has the most valuable stake in Deutsche Bank Aktiengesellschaft (NYSE: DB) as of the end of the second quarter of 2021, worth close to $878 million, comprising 58.29% of its 13F portfolio. 

Moreover, billionaire Jim Simons’s Renaissance Technologies increased its stake in Deutsche Bank Aktiengesellschaft (NYSE: DB) by 49% during the second quarter of 2021, following a 209% increase during the first quarter of 2021. This stake is worth close to $45 million as of the end of the second quarter of 2021.

On July 29, Societe Generale increased its price target on Deutsche Bank Aktiengesellschaft (NYSE:DB) to EUR 16 from EUR 15 while reiterating a Buy rating.

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