LONG TERM BULLISH WEDGE BREAKOUT IN EUROPEAN BANKING INDEXWILL PROVIDE THE EXTRA BOOST TO SUPER CHARGED DEUTSCHE BANK
CATCHING UP TO ALL TIME HIGHS IN XLK & BKX
Deutsche Bank (DBK) launched Monday a share buyback program of up to 1 billion euros ($1.19 billion), while resuming dividend payments ahead of its 2020 full-year results.
The German lender said the share buyback scheme, starting in March, will have a duration of one year, with purchased shares either canceled or used to service long term management incentive programs.
The share buyback program reflects strong free cash flow generation amounting to 2.5 billion euros for 2020 and a positive outlook, the company said.
