Here’s Why These Five Stocks Are Trending on Monday

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Deutsche Bank AG (USA) (NYSE:DB) shares are down by another 1.6% this morning after analysts at Credit Suisse initiated coverage on the investment bank with an ‘Underperform’ rating. The analysts think Deutsche Bank’s rather frail capital levels could cause sentiment around the name and its dividend to be negative. Adding to the bearish sentiment, of course, is the uncertainty over the DOJ’s initial $14 billion request to settle past mortgage-related misdeeds. A total of 15 funds tracked by us owned shares of Deutsche Bank AG (USA) (NYSE:DB) at the end of the second quarter, up by five funds from the previous quarter.

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In welcome relief to the previous several trading sessions’ negative price action, Wells Fargo & Co (NYSE:WFC) is 1.2% in the green today in part due to an analyst upgrade from Baird, which raised its rating on the embattled super-bank to ‘Outperform’ from ‘Neutral’. Taking the long-term view, Baird analyst David George believes the pullback in Wells Fargo shares is an opportunity given the attractive risk/reward and the stock’s over 3.3% dividend yield (at current prices). The analyst also noted that Wells Fargo’s current issues have nothing to do with its balance sheet. Baird has a $50 price target on the stock. The number of investors from our database with holdings in Wells Fargo & Co (NYSE:WFC) inched lower by two quarter-over-quarter to 88 at the end of June.

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