Deutsche Bank outperforms its rivals as investors look favorably on the German lender’s latest revival plan
Deutsche Bank AG has long been branded one of the most troubled global lenders. Now, a year into a turnaround plan that has notched some early successes, it is the best-performing large bank stock in the world.
The German bank’s shares have risen 19% this year, albeit from a low base, compared with a benchmark index of European bank stocks that has fallen 35%. That is good enough to handily outstrip the share performance of big profitable U.S. banks like JPMorgan Chase & Co. and Goldman Sachs Group Inc.
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