DWS’s Gebhardt Tells Handelsblatt That Stocks Are Cheap

Henning Gebhardt, a fund manager for DWS Investment GmbH, told Handelsblatt in an interview that equity valuations are cheap even when factoring in lower profits in the future as investors are too pessimistic.

A big crash is not conceivable at the moment as politicians and central banks move in the right direction, he said in the interview. Bank shares are a difficult topic as the industry is facing headwinds from regulators, the newspaper wrote.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.