Investors were worried on Friday, as was Deutsche Bank AG DB Stocks fell as much as 14% after a series of Bank failures and bailouts worldwide.

According to Reuters, Deutsche Bank fell 11.6% in Frankfurt trading, while its US-listed shares fell 6%. The declines followed a rise in the price of the lender’s credit default swaps, which hit a four-year high on Thursday.

However, according to the Chancellor, the bank is still in good shape Olaf Scholzwho added on Friday at another conference in Brussels that Deutsche Bank had “thoroughly restructured and modernized its business model” and was “very profitable”.

In recent years, the bank has undergone a multi-billion dollar restructuring and improved its profitability. According to a CNBC reportThe bank reported annual net income of $5.4 billion in 2022, up 159% year over year.

Also read: Why Deutsche Bank shares crashed before the market on Friday

The research firm analyzes while investors remain concerned about the bank’s US commercial real estate exposures and its extensive derivatives book Autonomousa subsidiary of AllianceBernsteindismissed those concerns, citing the bank’s “robust capital and liquidity position.”

“Our ‘underperform’ rating on the stock is simply based on our view that there are more compelling stock stories elsewhere in the sector (ie, relative value),” CNBC quoted autonomous strategists as saying Stuart Graham And Leona Li.

“We have no concerns about the profitability or wealth metrics of the Germans. To be clear, Deutsche is NOT the next Credit Suisse,” the analysts said.

Graham and Li added that Deutsche Bank is “solidly profitable” and that they forecast a return on tangible book value of 7.1% in 2023 and 8.5% by 2025.

In a note on Friday JP Morgan Strategists wrote that Deutsche Bank had its share of “headline pressure and governance fumbling.”

“From our point of view, the bank had a far lower quality franchise from the start that, while much less leveraged today, is…