Deutsche Bank Falls 5.1%, Touches New Session Low After Overhaul
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Deutsche Bank AG shares fell as much as 5.1%, touching a new session low, as investors reacted to the restructuring announced over the weekend.
The stock, which rose as much as 4.4% in early trading, turned lower by late morning. The bank’s profitability targets “appear unrealistic,” Thomas Hallett, an analyst at KBW, said in a note.