Deutsche Bank shares are declining after BofA Securities lowered its price target for the lender. Analysts expect weaker second-quarter results driven by rising restructuring costs and falling net profits.
Reports of a potential data breach involving sensitive employee information are further weighing on investor sentiment. The bank also unexpectedly increased its loan loss reserves, signaling a preparation for worsening credit conditions.
These factors have reversed the stock's recent upward momentum. BofA indicates limited upside potential until the bank improves earnings visibility and resolves operational risks.