Deutsche Bank vs NatWest
This page compares Deutsche Bank AG and NATWEST GROUP PLC, examining their business models, financial performance, and market context in a neutral, accessible way. Educational content, not financial advice.
This page compares Deutsche Bank AG and NATWEST GROUP PLC, examining their business models, financial performance, and market context in a neutral, accessible way. Educational content, not financial a...
Why It's Moving
DB Stock Forecast 2026: Why Analysts Target +18% Upside
- Shares dipped 1.69% on Feb 12 to $36.67, reflecting short-term caution but underscoring resilience versus peers amid fluctuating markets.
- Analysts spotlight DB's undervalued metrics like a 0.6x price-to-book ratio, far below sector averages, signaling room for re-rating.
- Positive fair value projections highlight DB's edge in a recovering financial sector, driven by efficiency gains and strategic positioning.
NatWest's Stellar Dividend Hike Fuels Investor Optimism Amid Wealth Management Push
- Dividend leaped 51% to 32.5p after earnings per share hit 68p, beating forecasts and enhancing appeal for income-focused investors amid steady payout growth.
- Acquired Evelyn Partners for £2.7bn, doubling assets under management to £128bn and setting up significant fee income growth to counterbalance suspended buybacks.
- Ongoing £750m share buyback continued with 841,455 shares repurchased on February 9, underscoring capital return strategy even as broader integration risks linger.
DB Stock Forecast 2026: Why Analysts Target +18% Upside
- Shares dipped 1.69% on Feb 12 to $36.67, reflecting short-term caution but underscoring resilience versus peers amid fluctuating markets.
- Analysts spotlight DB's undervalued metrics like a 0.6x price-to-book ratio, far below sector averages, signaling room for re-rating.
- Positive fair value projections highlight DB's edge in a recovering financial sector, driven by efficiency gains and strategic positioning.
NatWest's Stellar Dividend Hike Fuels Investor Optimism Amid Wealth Management Push
- Dividend leaped 51% to 32.5p after earnings per share hit 68p, beating forecasts and enhancing appeal for income-focused investors amid steady payout growth.
- Acquired Evelyn Partners for £2.7bn, doubling assets under management to £128bn and setting up significant fee income growth to counterbalance suspended buybacks.
- Ongoing £750m share buyback continued with 841,455 shares repurchased on February 9, underscoring capital return strategy even as broader integration risks linger.
Investment Analysis
Pros
- Deutsche Bank more than doubled its profit before tax to €5.3 billion in the first half of 2025, reflecting strong profitability improvement.
- The bank delivered a post-tax return on tangible equity (RoTE) above 10%, showcasing the strength of its underlying business model.
- Consistent revenue growth of 6% year over year for the first half of 2025, with adjusted costs remaining flat, indicating operational efficiency.
Considerations
- Deutsche Bank’s stock price is forecasted to decline by around 3.58% by the end of 2025, suggesting near-term valuation pressure.
- Leverage ratio remains relatively low at 4.7%, which could constrain capital deployment compared to some peers.
- The bank faces a medium level of price volatility and a sentiment environment marked by fear, potentially impacting investor confidence.
NatWest
NWG
Pros
- NatWest has a strong retail banking franchise in the UK with a diversified portfolio including personal, business, and commercial banking.
- The group has been focused on digital transformation and cost efficiencies, improving operational resilience and customer experience.
- NatWest benefits from moderate economic growth prospects in its core UK market, supporting loan growth and asset quality.
Considerations
- Exposure to UK economic and political uncertainties, including Brexit residual impacts and interest rate fluctuations, may affect performance.
- The bank is subject to regulatory and legal challenges in a highly competitive UK banking sector with margin pressures.
- Relatively high impairment charges risk stemming from consumer and corporate credit quality in a cautious macroeconomic environment.
Related Market Insights
Santander's £2.65bn TSB Deal: The UK Banking Shake-Up That Changes Everything
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Related Market Insights
Santander's £2.65bn TSB Deal: The UK Banking Shake-Up That Changes Everything
Santander's £2.65 billion acquisition of TSB creates the UK's third-largest retail bank, reshaping competitive dynamics and potentially triggering further consolidation across the sector.
Aimee Silverwood | Financial Analyst
July 25, 2025
Europe's Banking Merger Wave: The Consolidation Play That Could Reshape Finance
Explore Europe's banking merger wave. Invest in financial consolidation with Nemo's Neme, featuring Deutsche Bank, UBS, & ING. Start with fractional shares from $1.
Aimee Silverwood | Financial Analyst
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Deutsche Bank (DB) Next Earnings Date
Deutsche Bank's next earnings date is April 29, 2026, covering the first quarter of 2026 ending March 31. This date aligns with the company's official financial calendar and historical late-April reporting pattern for Q1 results. Investors should note the accompanying investor and analyst conference call on the same day.
NatWest (NWG) Next Earnings Date
NatWest Group (NWG) reported its Q4 2025 earnings on February 13, 2026, prior to market open. The next earnings release, covering Q1 2026, is scheduled for approximately May 1, 2026, consistent with the company's quarterly reporting pattern and multiple analyst projections. Investors should monitor official announcements for any adjustments to this timeline.
Deutsche Bank (DB) Next Earnings Date
Deutsche Bank's next earnings date is April 29, 2026, covering the first quarter of 2026 ending March 31. This date aligns with the company's official financial calendar and historical late-April reporting pattern for Q1 results. Investors should note the accompanying investor and analyst conference call on the same day.
NatWest (NWG) Next Earnings Date
NatWest Group (NWG) reported its Q4 2025 earnings on February 13, 2026, prior to market open. The next earnings release, covering Q1 2026, is scheduled for approximately May 1, 2026, consistent with the company's quarterly reporting pattern and multiple analyst projections. Investors should monitor official announcements for any adjustments to this timeline.
Which Baskets Do They Appear In?
UK Banking Consolidation
Santander's £2.65 billion acquisition of TSB is reshaping the UK banking sector. This collection features companies positioned to benefit from this major consolidation, including direct competitors, potential M&A targets, and the investment banks facilitating these industry-changing deals.
Published: July 2, 2025
Explore BasketEuropean Financial Consolidation
BNP Paribas's acquisition of AXA Investment Managers could trigger a wave of mergers in European finance. These carefully selected stocks represent potential buyers and targets in banking, insurance, and asset management as the industry reshapes for the future.
Published: July 2, 2025
Explore BasketWhich Baskets Do They Appear In?
UK Banking Consolidation
Santander's £2.65 billion acquisition of TSB is reshaping the UK banking sector. This collection features companies positioned to benefit from this major consolidation, including direct competitors, potential M&A targets, and the investment banks facilitating these industry-changing deals.
Published: July 2, 2025
Explore BasketEuropean Financial Consolidation
BNP Paribas's acquisition of AXA Investment Managers could trigger a wave of mergers in European finance. These carefully selected stocks represent potential buyers and targets in banking, insurance, and asset management as the industry reshapes for the future.
Published: July 2, 2025
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