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Deutsche Bank Makes Huge Bet on American Express

Guavy AI Editorial Team
Instruments
AXP
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Deutsche Bank AG has significantly increased its stake in American Express Company (NYSE:AXP) by acquiring 2,743,385 new shares worth approximately $927.95 million.

This marks a significant expansion of Deutsche Bank's position in the payment services company, bringing its ownership to around 0.41% as per its latest SEC filing.

Deutsche Bank is not alone in increasing its stake in American Express, with several other institutional investors also adding to or reducing their positions in the company.

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