Deutsche Bank (DB) to Reward Investors With Share Buyback Plan

Core Viewpoint - Deutsche Bank AG has announced a new share buyback program authorized by the European Central Bank, allowing the repurchase of shares up to €675 million, which is 50% higher than the previous program completed in 2023 [1][2] Group 1: Share Buyback Program - The new share buyback program will commence on March 4, 2024, and is set to be completed by July 23, 2024 [1] - The previous buyback program in 2023 involved repurchasing 45.5 million shares at a weighted average price of €9.88 per share [1] Group 2: Capital Distribution and Dividends - Deutsche Bank plans to enhance shareholder value through dividends and share buybacks, with a projected dividend of 45 cents per share for 2023 [2] - Total capital distributions to shareholders are expected to reach €1.6 billion in 2024 and €3.3 billion in 2022, with over €1 billion returned in 2023 [2] - Management emphasizes that substantial capital distributions are a key part of their Global Hausbank strategy, aiming to exceed the €8 billion distribution goal set for 2022-2026 [2] Group 3: Stock Performance - Deutsche Bank shares have increased by 9.1% on the NYSE over the past three months, outperforming the industry growth of 5.4% [3] - The company currently holds a Zacks Rank 1 (Strong Buy), indicating strong market confidence [3]