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
Deutsche Bank charts optimistic 2026 outlook with AI as key growth driver amid rising risks.
- Global CIO Christian Nolting forecasts steady market gains for 2026 but warns of escalating crises, emphasizing resilient asset allocation beyond traditional classes.
- Chief German Economist Robin Winkler predicts a German economic rebound with up to 1.5% GDP growth and labor market stabilization, marking a shift from recent stagnation.
- AI positioned as central growth engine, though a separate note cautions of CEO disillusionment and rising anxiety over limited broad business benefits and regulatory hurdles.
NatWest Powers Ahead as Analysts Hike Targets and Buybacks Signal Confidence
- Deutsche Bank raised its price target to GBX 730 with a 'buy' rating, joined by Citi at GBX 765 ('buy') and JPMorgan at GBX 750 ('overweight'), reflecting strong faith in NatWest's growth trajectory.
- Ongoing buyback programme saw repurchases of over 2.4 million shares across January 19-22 at average prices around GBX 650, with plans to cancel them to enhance shareholder value.
- Consensus leans 'Moderate Buy' with an average target of GBX 693, as shares trade near GBX 653, supported by recent insider buying and attractive valuation metrics like a PE of 10.
Deutsche Bank charts optimistic 2026 outlook with AI as key growth driver amid rising risks.
- Global CIO Christian Nolting forecasts steady market gains for 2026 but warns of escalating crises, emphasizing resilient asset allocation beyond traditional classes.
- Chief German Economist Robin Winkler predicts a German economic rebound with up to 1.5% GDP growth and labor market stabilization, marking a shift from recent stagnation.
- AI positioned as central growth engine, though a separate note cautions of CEO disillusionment and rising anxiety over limited broad business benefits and regulatory hurdles.
NatWest Powers Ahead as Analysts Hike Targets and Buybacks Signal Confidence
- Deutsche Bank raised its price target to GBX 730 with a 'buy' rating, joined by Citi at GBX 765 ('buy') and JPMorgan at GBX 750 ('overweight'), reflecting strong faith in NatWest's growth trajectory.
- Ongoing buyback programme saw repurchases of over 2.4 million shares across January 19-22 at average prices around GBX 650, with plans to cancel them to enhance shareholder value.
- Consensus leans 'Moderate Buy' with an average target of GBX 693, as shares trade near GBX 653, supported by recent insider buying and attractive valuation metrics like a PE of 10.
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.
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Deutsche Bank (DB) Next Earnings Date
Deutsche Bank AG's next earnings date is estimated for Thursday, January 29, 2026, after market close. This report will cover the fiscal quarter ending December 2025. While not yet officially confirmed, this aligns with the company's historical late-January reporting pattern for Q4 results.
NatWest (NWG) Next Earnings Date
NatWest Group's next earnings release is estimated for Friday, February 13, 2026, covering the Q4 2025 period. This date aligns with the company's historical pattern of mid-February reporting for year-end results, following the Q3 2025 earnings on October 24, 2025. Note that the date remains unconfirmed by the company, with some estimates citing February 12.
Deutsche Bank (DB) Next Earnings Date
Deutsche Bank AG's next earnings date is estimated for Thursday, January 29, 2026, after market close. This report will cover the fiscal quarter ending December 2025. While not yet officially confirmed, this aligns with the company's historical late-January reporting pattern for Q4 results.
NatWest (NWG) Next Earnings Date
NatWest Group's next earnings release is estimated for Friday, February 13, 2026, covering the Q4 2025 period. This date aligns with the company's historical pattern of mid-February reporting for year-end results, following the Q3 2025 earnings on October 24, 2025. Note that the date remains unconfirmed by the company, with some estimates citing February 12.
Which Baskets Do They Appear In?
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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
Explore BasketBuy DB or NWG in Nemo
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