Deutsche Bank Returns to Euro Stoxx 50 After Seven-Year Absence

Deutsche Bank has regained its spot in the Euro Stoxx 50 after a seven-year absence. The German lender joins Siemens Energy and Argenx in the benchmark, replacing Nokia, Stellantis, and Pernod Ricard. The changes follow a 2025 rally in European lenders, with Deutsche Bank doubling in the past 12 months. Siemens Energy has tripled since last September, while Argenx shares have gained 30% in the past year.

Deutsche Bank AG has regained its spot in the euro area’s main stock benchmark, the Euro Stoxx 50, after a seven-year absence. The German lender joins Siemens Energy AG and Belgian-listed biotech Argenx SE in the benchmark, replacing 5G gear-maker Nokia Oyj, carmaker Stellantis NV, and cognac producer Pernod Ricard SA. The changes reflect a strong 2025 rally in European lenders, with Deutsche Bank itself more than doubling in value over the past 12 months [1].

Siemens Energy, another German addition to the benchmark, has more than tripled since last September, driven by a boom in global electricity demand. The firm expects to reach the upper end of its full-year guidance thanks to gas turbine and grid equipment orders [1]. Argenx shares have gained 30% in the past year, with positive updates on sales and clinical data boosting its share price [1].

Nokia, which has seen its shares fall about 7% in the past year, has been affected by US President Donald Trump’s tariffs and the impact of the weaker dollar, lowering its profit guidance in July [1]. Stellantis has seen its stock drop more than 46% in the past 12 months, with tariff issues and the search for a new CEO adding to its woes [1]. Pernod Ricard’s stock has dropped 24% since the last annual review of the index, with the company among the first corporate casualties of a global trade war [1].

The latest changes to the Euro Stoxx 50 follow German defense company Rheinmetall AG being fast-tracked into the gauge in June, at the expense of Gucci owner Kering SA [1]. The index compiler also announced changes to the broader Stoxx 600 Index, including the addition of French biotech company Abivax SA and the removal of Gerresheimer AG [1].

The growing popularity of passive funds means membership of key indexes is increasingly important for stocks, having the potential to spur higher demand from so-called index-trackers [1].

References:
[1] https://www.bloomberg.com/news/articles/2025-09-01/deutsche-bank-to-rejoin-euro-stoxx-50-after-seven-year-absence