The DOJ’s penalty is just one huge wave in a much longer storm for Deutsche Bank – CNBC

So would you be part of any capital-raising plan that Deutsche Bank might announce in the coming months? Philipp Hildebrand, vice-chairman at fund manager Blackrock, noted last week that the total return for bank shareholders since the 1990s had been zero, according to Reuters, which also quoted Credit Suisse Chief Executive Tidjane Thiam suggesting that banks are generally “a bit difficult to invest in”.

But there are willing buyers out there. Gildas Surry, a senior analyst at Axiom Alternative Investments, told CNBC Friday that there’s a lot of “overblown, overdone headlines on this topic.” Indeed, he agreed on CNBC that the stock was actually a “screaming buy”.

Nonetheless, just two out of 33 Deutsche Bank analysts have a “buy” recommendation on its stock. The market, it seems, is as yet unconvinced. And like Citi suggested last month, European banks are now the “world’s biggest contrarian trade.”

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