Shares are currently trading up 1.2 per cent at €12.22 in Frankfurt.
The German giant's share price has taken a number of twists and turns in recent days, as investors, nervous about a potential $14bn (£11bn) fine from the US Department of Justice (DoJ), scan speeches and reports for clues to the lender's financial health.
Yesterday, Peter Dattels, deputy director of the monetary and capital markets department at the IMF, told a press conference that Deutsche Bank was a large and interconnected institution, the IMF was "confident the German and European authorities are monitoring the situation and working to ensure that the financial system remains resilient".
However, Dattels' speech was not entirely full of glowing news for Deutsche Bank, as he also warned the lender needed to "continue to adjust to convince investors that its business model is viable going forward, that it has addressed the issues of operational risk arising from litigation and so on".
The bank's shares took a sudden dip just over a week ago, when reports emerged in the German press suggesting Chancellor Angela Merkel was not willing to offer the bank state assistance.
The share price took another sharp drop again later in the week when it was reported several funds had slashed their exposure to the bank, but shot up less than 24 hours later when it was reported the bank was closing in on settling the DoJ fine at $5.4bn.
Shares passing the €12 mark this morning will be pleasing for many, as the price has struggled to break this barrier since news of the $14bn fine came to light.
Shares across European banks in general are performing well today, with the Euro Stoxx 600 Banks index currently up 0.5 per cent for the day, although it is down 21.2 per cent compared with the same time last year.
Deutsche Bank: What you need to know