Post-Commerzbank, the share resumes its relentless slide
DB has resumed its relentless share price slide following the abandonment of merger talks with Commerzbank on 25 April. Year-to-date the share is now -7% against the European banking sector +4%. On a 1-year view it is -39% (sector -23%).
Clearly whatever lingering hope the market had that a tie-up with Commerzbank would provide some form of salvation has vanished. Management have compounded the disappointment by so far failing to articulate a new stand-alone strategy, merely sticking to the existing plan of raising ROE to >4% this year.