Bank of America Corp (NYSE: BAC) Gives Deutsche Bank (NYSE: DB) “Least Preferred” Rating

Bank of America Corp (NYSE: BAC)’s Merrill Lynch division equities research analysts gave shares of Deutsche Bank AG (NYSE: DB) a “least preferred list” rating in a research note to investors on Thursday.

Deutsche Bank AG is a global investment bank. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients worldwide. As of December 31, 2009, it operated in 72 countries through 1,964 branches worldwide. The Company operates in three segments: Corporate and Investment Bank (CIB), Private Clients and Asset Management (PCAM) and Corporate Investments (CI). In February 25, 2009, it completed the acquisition of a minority stake in Deutsche Postbank AG. In October 2009, the Company completed the disposal of its interest in Daimler AG. In November 2009, the Company completed the acquisition of Dresdner Bank’s Global Agency Securities Lending business from Commerzbank AG. In March 2010, the Company closed the acquisition of Sal. Oppenheim Group. In April 2010, the Company acquired commercial bank business in Holland from ABN Amro N.V.

Shares of Deutsche Bank traded down 2.62% hitting $63.19 during mid-day trading on Thursday.

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