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Why Deutsche Bank Is Too Small to Matter

Jim Collins

with strong contributions from Tim Collins, Kevin Curran and Doug Kass, who believes Deutsche is the next Black Swan for global financial markets. Deutsche is now trading at 31% of tangible book value. On a 9/30/2018 tangible book value of $53.08 (the same measurement point as DB's) J.P. Morgan is getting a 2.0x multiple on book value.