Morningstar

Stress Returns to European Banking System; Deutsche Bank Taking Biggest Hit

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Securities In This Article
Deutsche Bank AG
(DB)

Stress has returned to the European banking system less than a week after a solution for Credit Suisse had been announced. Shares in European banks have traded down through March 24 around midsingle digits, with Deutsche Bank DB taking the brunt of it, down 15% at its lowest point intraday. We maintain our fair value estimates and moat ratings across our European banking coverage.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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About the Author

Niklas Kammer, CFA

Equity Analyst
More from Author

Niklas Kammer, CFA is an equity analyst, Europe, for Morningstar*. He covers European financials. His coverage includes Nordic and UK banks, payment services providers, other fintechs and exchange groups.

Before joining Morningstar in 2016, Kammer interned on the equity research team at Rabobank Netherlands and in the corporate finance department at Kempen & Co. At Morningstar, he worked as an associate equity analyst covering the oil and gas sector before moving into his current role as an equity analyst covering financials.

Kammer holds a bachelor’s degree in economics and business from University of Amsterdam and a master’s degree in finance and investments from the Rotterdam School of Management. He is also a CFA charterholder.

* Morningstar Holland BV (“Morningstar”) is a wholly owned subsidiary of Morningstar, Inc

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