Deutsche Bank Shares Soar 0.35% on Share Buyback Program

Deutsche Bank's stock price surged to its highest level since December 2015, with an intraday gain of 0.35%.

Deutsche Bank's recent share buyback program, which saw the bank repurchase 833,540 shares from April 22 to April 25, has been a significant factor in the stock's upward trajectory. This program aims to reduce the number of shares available in the market, potentially increasing their value and attracting investors.

Despite the recent gains, Deutsche Bank's stock price remains 4.78% below its 52-week high of 23.54, indicating that there is still room for growth. This suggests that investors are cautiously optimistic about the bank's future prospects, and the recent share buyback program has helped to bolster investor confidence.