• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 6-K filed by Deutsche Bank AG

    4/29/25 9:54:33 AM ET
    $DB
    Major Banks
    Finance
    Get the next $DB alert in real time by email
    6-K 1 db202504296k.htm Report

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    Form 6-K

    REPORT OF FOREIGN PRIVATE ISSUER
    PURSUANT TO RULE 13 a -16 OR 15 d -16
    UNDER THE SECURITIES EXCHANGE ACT OF 1934

    For the month of April 2025

    Commission File Number 1-15242

    DEUTSCHE BANK CORPORATION
    (Translation of Registrant’s Name Into English)

    Deutsche Bank Aktiengesellschaft
    Taunusanlage 12
    60325 Frankfurt am Main
    Germany
    (Address of Principal Executive Office)

    Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐


    Explanatory note and Exhibits

    This Report on Form 6-K contains the following exhibits. This Report on Form 6-K and the exhibits hereto are hereby incorporated by reference into Deutsche Bank’s Registration Statement No. 333-278331. For the avoidance of doubt, the section of the Earnings Report (contained in Exhibit 99.1) entitled “Risks and Opportunities” is intended to supplement, but not replace, the section “Risk Factors” of Deutsche Bank’s 2024 Annual Report on Form 20-F.

    Exhibit 99.1:  Deutsche Bank AG’s Earnings Report as of March 31, 2025 (IASB IFRS).

    Exhibit 99.2:  Capitalization table of Deutsche Bank AG as of March 31, 2025 (IASB IFRS).

    For non-U.S. purposes, Deutsche Bank publishes its Earnings Report and other financial reporting documents setting forth results prepared in accordance with International Financial Reporting Standards (IFRS) as endorsed by the European Union, including application of fair value hedge accounting for portfolio hedges of interest rate risk (fair value macro hedges) in accordance with the EU carve out version of IAS 39 (“EU IFRS”, using the “EU carve out”). Fair value hedge accounting under the EU carve out is employed to minimize the accounting exposure to both positive and negative moves in interest rates in each tenor bucket thereby reducing the volatility of reported revenue from Treasury activities.

    For U.S. reporting purposes, Deutsche Bank also publishes its Earnings Report prepared in accordance with IFRS as issued by the International Accounting Standards Board (IASB), which does not permit use of the EU carve out (“IASB IFRS”), but which is otherwise the same as EU IFRS. The Earnings Report using IASB IFRS is attached as Exhibit 99.1 hereto. The impact of the EU carve out is described in the section “Basis of preparation/impact of changes in accounting principles” thereof.

    Forward-looking statements contain risks

    This report contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about Deutsche Bank’s beliefs and expectations. Any statement in this report that states Deutsche Bank’s intentions, beliefs, expectations or predictions (and the assumptions underlying them) is a forward-looking statement. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and Deutsche Bank undertakes no obligation to update publicly any of them in light of new information or future events.

    By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which Deutsche Bank derives a substantial portion of its trading revenues, potential defaults of borrowers or trading counterparties, the implementation of its strategic initiatives, the reliability of its risk management policies, procedures and methods, and other risks referenced in its filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in Deutsche Bank’s 2024 Annual Report on Form 20-F filed with the SEC on March 13, 2025, under the heading “Risk Factors.” Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.


    2

    Use of Non-GAAP Financial Measures

    This document and other documents Deutsche Bank has published or may publish contain non-GAAP financial measures. Non-GAAP financial measures are measures of its historical or future performance, financial position or cash flows that contain adjustments that exclude or include amounts that are included or excluded, as the case may be, from the most directly comparable measure calculated and presented in accordance with IFRS in its financial statements. Examples of its non-GAAP financial measures, and the most directly comparable IFRS financial measures, are as follows:

    Non-GAAP Financial Measure

    Most Directly Comparable IFRS Financial Measure

    Profit (loss) attributable to Deutsche Bank shareholders for the segments, Profit (loss) attributable to Deutsche Bank shareholders and additional equity components for the segments

    Profit (loss)

    Net interest income in the key banking book segments

    Net interest income

    Revenues on a currency-adjusted basis

    Net revenues

    Adjusted costs, Costs on a currency-adjusted basis, Nonoperating costs

    Noninterest expenses

    Net assets (adjusted)

    Total assets

    Tangible shareholders’ equity, Average tangible shareholders’ equity, Tangible book value, Average tangible book value

    Total shareholders’ equity (book value)

    Post-tax return on average shareholders’ equity (based on Profit (loss) attributable to Deutsche Bank shareholders after AT1 coupon), Post-tax return on average tangible shareholders’ equity (based on Profit (loss) attributable to Deutsche Bank shareholders after AT1 coupon)

    Post-tax return on average shareholders’ equity

    Tangible book value per basic share outstanding, Book value per basic share outstanding

    Book value per share outstanding

    For descriptions of these non-GAAP financial measures and the adjustments made to the most directly comparable financial measures under IFRS, please refer to (i) the section “Non-GAAP financial measures” of Exhibit 99.1 hereto and (ii) the section “Supplementary Information (Unaudited): Non-GAAP Financial Measures” of Deutsche Bank’s 2024 Annual Report on Form 20-F.

    When used with respect to future periods, non-GAAP financial measures used by Deutsche Bank are also forward-looking statements. Deutsche Bank cannot predict or quantify the levels of the most directly comparable financial measures under IFRS that would correspond to these measures for future periods. This is because neither the magnitude of such IFRS financial measures, nor the magnitude of the adjustments to be used to calculate the related non-GAAP financial measures from such IFRS financial measures, can be predicted. Such adjustments, if any, will relate to specific, currently unknown, events and in most cases can be positive or negative, so that it is not possible to predict whether, for a future period, the non-GAAP financial measure will be greater than or less than the related IFRS financial measure.


    3

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

    Deutsche Bank Aktiengesellschaft

    Date: April 29, 2025

    By:

    _/s/ Andrea Schriber____________

    Name:

    Andrea Schriber

    Title:

    Managing Director

    By:

    _/s/ Joseph C. Kopec____________

    Name:

    Joseph C. Kopec

    Title:

    Managing Director and Senior Counsel

    4

    Get the next $DB alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $DB

    DatePrice TargetRatingAnalyst
    9/3/2024Equal Weight → Overweight
    Barclays
    3/27/2024Equal-Weight → Overweight
    Morgan Stanley
    1/31/2024Buy → Neutral
    Citigroup
    9/22/2023Equal-Weight
    Morgan Stanley
    7/10/2023Buy → Hold
    Societe Generale
    5/4/2023Neutral → Buy
    Citigroup
    2/13/2023Neutral → Underperform
    BofA Securities
    11/25/2022Sector Perform → Outperform
    RBC Capital Mkts
    More analyst ratings

    $DB
    Leadership Updates

    Live Leadership Updates

    See more
    • Star Mountain Capital Adds Former Aflac Global Chief Investment Officer, Eric Kirsch, as Senior Advisor

      Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with over $3.5 billion AUM, focused on delivering systematic alpha and low market correlated returns from high yielding private loans with equity upside in the lower middle-market, announced that Eric Kirsch has joined as Senior Advisor. Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with over $3.5 billion in assets under management (committed capital including debt facilities as of 9/30/2023) focused on generating defensive and premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses (the "lower middle-market"), is

      10/31/23 11:34:00 AM ET
      $AFL
      $DB
      $GS
      Accident &Health Insurance
      Finance
      Major Banks
      Investment Bankers/Brokers/Service
    • DirectBooks Continues Platform Expansion to Include Euro and Sterling Investment Grade Deals

      LONDON and NEW YORK, April 19, 2021 /PRNewswire/ -- DirectBooks™, the capital markets consortium founded to optimize global financing markets, today announced the launch of Euro and Sterling Investment Grade deal announcements on the DirectBooks platform. The DirectBooks platform launched in Q4 2020 with deal announcement functionality for U.S. Dollar Investment Grade issuances globally, with a common set of structured deal data and document access for institutional investors. As part of its European expansion, DirectBooks also announced the appointment of Duncan Phillips as

      4/19/21 5:00:00 AM ET
      $WFC
      $C
      $BAC
      $BCS
      Major Banks
      Finance
      Commercial Banks
      Investment Bankers/Brokers/Service

    $DB
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Deutsche Bank Appointed as Depositary Bank for the Two Sponsored Level 1 American Depositary Receipt Programs of Epiroc Aktiebolag

      Deutsche Bank announced today its appointment as depositary bank for the two sponsored American Depositary Receipt Programs of Epiroc Aktiebolag (OTC Class A share ADR Program: EPOAY, OTC Class B share ADR Program: EPOBY). Epiroc AB is a global productivity partner for mining and infrastructure customers. Epiroc develops equipment such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. Epiroc also offer aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden. * In addition to specializing in administering cross-border equity structures such as New York Share

      4/24/25 2:18:00 PM ET
      $DB
      Major Banks
      Finance
    • Deutsche Bank Appointed as Successor Depositary Bank for the American Depositary Receipt Program of Infineon Technologies AG

      Deutsche Bank announced today its appointment as successor depositary bank for the sponsored American Depositary Receipt Program of Infineon Technologies AG (OTC:IFNNY). Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 58,060 employees worldwide (end of September 2024) and generated revenue of about €15 billion in the 2024 fiscal year (ending 30 September).* In addition to specializing in administering cross-border equity structures such as New York Shares, American, and Global Depositary Receipts, Deutsche Bank provides corporates, financial instit

      4/1/25 1:00:00 PM ET
      $DB
      Major Banks
      Finance
    • Deutsche Bank Decreases Prime Lending Rate to 7.50%

      Deutsche Bank today announced that its New York Branch, Deutsche Bank New York (DBNY), and its affiliate Deutsche Bank Trust Company Americas (DBTCA) have decreased their prime lending from 7.75% to 7.50% effective tomorrow, December 19, 2024. About Deutsche Bank Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany's leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. This release contains forward-l

      12/18/24 5:48:00 PM ET
      $DB
      Major Banks
      Finance

    $DB
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more

    $DB
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Deutsche Bank upgraded by Barclays

      Barclays upgraded Deutsche Bank from Equal Weight to Overweight

      9/3/24 7:44:31 AM ET
      $DB
      Major Banks
      Finance
    • Deutsche Bank upgraded by Morgan Stanley

      Morgan Stanley upgraded Deutsche Bank from Equal-Weight to Overweight

      3/27/24 7:23:02 AM ET
      $DB
      Major Banks
      Finance
    • Deutsche Bank downgraded by Citigroup

      Citigroup downgraded Deutsche Bank from Buy to Neutral

      1/31/24 9:13:09 AM ET
      $DB
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by Deutsche Bank AG (Amendment)

      SC 13G/A - DEUTSCHE BANK AKTIENGESELLSCHAFT (0001159508) (Subject)

      2/13/23 3:32:24 PM ET
      $DB
      Major Banks
      Finance
    • SEC Form SC 13G filed by Deutsche Bank AG

      SC 13G - DEUTSCHE BANK AKTIENGESELLSCHAFT (0001159508) (Subject)

      2/11/22 12:22:50 PM ET
      $DB
      Major Banks
      Finance

    $DB
    SEC Filings

    See more
    • SEC Form 6-K filed by Deutsche Bank AG

      6-K - DEUTSCHE BANK AKTIENGESELLSCHAFT (0001159508) (Filer)

      4/29/25 9:54:33 AM ET
      $DB
      Major Banks
      Finance
    • SEC Form 424B3 filed by Deutsche Bank AG

      424B3 - DEUTSCHE BANK AKTIENGESELLSCHAFT (0001159508) (Filer)

      4/15/25 4:32:20 PM ET
      $DB
      Major Banks
      Finance
    • SEC Form 424B3 filed by Deutsche Bank AG

      424B3 - DEUTSCHE BANK AKTIENGESELLSCHAFT (0001159508) (Filer)

      4/15/25 4:31:01 PM ET
      $DB
      Major Banks
      Finance

    $DB
    Financials

    Live finance-specific insights

    See more
    • Apollo Funds Complete Acquisition of Majority Stake in Novolex

      NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that funds managed by Apollo affiliates (the "Apollo Funds") have completed the acquisition of a majority stake in Novolex Holdings LLC ("Novolex" or the "Company"), a leading global manufacturer of diverse and sustainable packaging products for the foodservice, delivery and carryout, food processor and industrial markets, from funds managed by Carlyle (NASDAQ:CG). Carlyle will retain a minority stake in the Company. The financing for the acquisition includes the largest-ever sustainability-linked loan issued to date. Additional financial terms of the transaction were not disclosed. Stan Bikulege, Novolex Chai

      4/13/22 4:15:00 PM ET
      $APO
      $BCS
      $CG
      $CS
      Investment Managers
      Finance
      Commercial Banks
      Investment Bankers/Brokers/Service