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Elliott Brown
In the fourth quarter, revenue rose by 8% to €7.2 billion, whereas profit dropped by 92% to €106 million. In 2024, Deutsche Bank's revenue increased by 4% to reach €30.1 billion. Annual profit decreased by 36% to €2.7 billion. The bank has also revealed intentions to repurchase shares for €750 million this year.
The outcomes fell short of analysts' predictions, leading to a 5% decline in Deutsche Bank shares. The CFO of the bank, James von Moltke, stated that Deutsche Bank incurred several significant one-time costs last year, which included expenses tied to resolving lawsuits regarding the PostBank acquisition.
Furthermore, the bank is proceeding with its extensive reorganization. Deutsche Bank's CEO Christian Sewing stated that 2025 will be a crucial year as by year’s end, it will be possible to evaluate “the effectiveness of the transformation and growth strategy.”
source: dw.de
The outcomes fell short of analysts' predictions, leading to a 5% decline in Deutsche Bank shares. The CFO of the bank, James von Moltke, stated that Deutsche Bank incurred several significant one-time costs last year, which included expenses tied to resolving lawsuits regarding the PostBank acquisition.
Furthermore, the bank is proceeding with its extensive reorganization. Deutsche Bank's CEO Christian Sewing stated that 2025 will be a crucial year as by year’s end, it will be possible to evaluate “the effectiveness of the transformation and growth strategy.”
source: dw.de
