Using data going back to past 20 quarters, CNBC Pro found how well each lenders' stock performs against their benchmarks based on different outcomes.
Two of Europe's largest banks — Britain's Barclays and Germany's Deutsche Bank — are set to announce their first-quarter earnings later on Thursday. The results are only weeks after the recent banking turmoil, which resulted in the collapse of three U.S. banks and forced a takeover of Swiss lender Credit Suisse. As a result, shares of financial institutions have traded in a highly volatile environment over the period.
line Meanwhile, Deutsche Bank shares have more often than not performed poorly compared to the DAX index , according to CNBC Pro's analysis. The stock has underperformed its national benchmark on the day of the results and a week out more than 50% of the time, even when the bank beats EPS estimates. However, over a month since its results are out, the stock recovers and beats the benchmark 67% of the time. The Frankfurt headquartered bank's shares beat the DAX by 2.6, 5.
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