Deutsche Bank stock holds after profit and revenue gains

Deutsche Bank AG stock remains tied to its latest reported profit, revenue and capital figures, with the Frankfurt-listed lender (ISIN DE0005140008) still priced off a business that generated EUR 30.1 billion in net revenues and EUR 5.3 billion in profit before tax in 2024, alongside a return on tangible equity of 7.0%.

Revenue and profit base

The 2024 result showed EUR 5.3 billion in profit before tax after EUR 30.1 billion in net revenues, while cost efficiency improved to a cost-income ratio of 71.8%. Those numbers matter because they frame the earnings power behind the shares and set the benchmark for the next reporting cycle.

Capital strength also stayed in view, with a Common Equity Tier 1 ratio of 13.8% at year-end 2024 and tangible book value per share of EUR 34.13. For investors, that combination of profitability and capital is more useful than any broad narrative about the bank model.

Capital at 13.8%

The 13.8% CET1 ratio at 31 December 2024 gives Deutsche Bank room to manage distribution, growth and regulatory demands from a stronger base than in earlier years. The same annual report also showed diluted earnings per share of EUR 2.23, which helps explain why the market still measures the stock against a higher earnings bar.

That comparison is clear: EUR 30.1 billion in net revenues and EUR 5.3 billion in profit before tax are not just historic values, they are the reference points that future quarters must match or improve. Without a fresh catalyst in the numbers, the prior-year figures remain the dominant valuation anchor.

Product and balance sheet

On the product side, the bank’s core mix still runs through transaction banking, corporate banking, investment banking and private banking, which together define how the revenue base is built across markets. The annual report also highlighted a 2024 leverage ratio of 4.6%, another figure that matters because it shows balance-sheet capacity alongside earnings.

That mix gives Deutsche Bank stock a clearer fundamental backdrop than a simple price chart would suggest. The market is effectively weighing EUR 2.23 diluted EPS, a 7.0% return on tangible equity and a 13.8% CET1 ratio against the next step in profitability.

Market value and trading venue

Deutsche Bank stock trades on Xetra in EUR, and the shares closed at EUR 24.47 on 24 July 2026 according to the referenced market data set. That price sat below the reported tangible book value per share of EUR 34.13 from year-end 2024, leaving the valuation discussion closely tied to earnings delivery and capital returns.