The Frankfurt-based bank said it expects to report second-quarter net income of about 400 million euros ($468 million), a decline of 14 percent from a year ago and much better than the 159 million euros analysts had predicted.
@ChristosRammos, Its very possible however I don't trade on technicals. At this level, DB has a fair PE and could be undervalued just now. There's nice open interest on the 13th II Calls and the July 20 12 Calls, but I wouldn't call a bottom here just now. What I am doing is buying it while its cheap and looking to hold. Not a trade - could go lower, especially considering the volume of price sensitive news coming out regarding DB as of recent.
@ChristosRammos, I do believe there are systemic issues within DB https://www.db.com/ir/en/current-ratings.htm credit ratings have continued to fall since their A+ in 2011, and as far as what I can see, DB has the highest leverage ratio out of the top 9 banks. They failed in '15 and '16 and I don't see any reason why they couldn't fail this year. Last year no banks failed but since then DB has had some issues. I guess we'll see on the 28th.
I think a pass could be material on the price but It won't be going anywhere soon in my opinion.