DoubleLine's Gundlach: avoid Deutsche Bank securities for now

DoubleLine's Gundlach: avoid Deutsche Bank securities for now
 

Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Thursday that investors should tread carefully when trading Deutsche Bank AG (DBKGn.DE) shares because a government bailout is not out of the question.
Earlier on Thursday, the bank's U.S.-traded shares hit a record low.
"I would just stay away. It's un-analyzable," Gundlach told Reuters by phone about Deutsche Bank shares and debt. "It's too binary. The market is going to push down Deutsche Bank until there is some recognition of support. They will get assistance, if need be."
Gundlach, who oversees more... read more

 
29 September 2016 in Business, Views: 50
Source: Reuters
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