Deutsche Bank posts weaker-than-expected profit and ditches 2025 cost target
Deutsche Bank on Thursday posted a bigger-than-expected drop in fourth quarter and 2024 full-year profit as legal provisions and restructuring costs eroded revenue gains at its global investment banking division.
Deutsche Bank’s Sewing to Cut Management Roles as Costs Rise
Deutsche Bank AG said it plans to reduce management roles and cut headcount over coming years, after higher-than-expected costs marred its results in the final months of last year.Most Read from Bloom
Deutsche Bank is a victim of its own success as it hikes cost guidance
Deutsche Bank delivered bad news on spending, and investors weren’t happy. Deutsche Bank on Thursday said it’s now targeting a cost-to-income ratio of below 65% this year, versus a previous target of below 62.5%, after a cost-to-income ratio of 76% in 2024.
Deutsche Bank shares drop after quarterly profit falls, cost target scrapped
Legal provisions weighed on the bottom line at Germany’s largest lender Deutsche Bank, with net profit falling in the fourth quarter.
Deutsche Bank may exit some businesses, CEO says after profit miss
The CEO of Deutsche Bank on Thursday said Germany's largest lender could exit some businesses after fourth quarter and full-year profit fell more than expected, with investment banking revenue gains eroded by legal provisions and restructuring costs.
Deutsche Bank profits collapse as German economy reels
Deutsche Bank has suffered a 92pc slump in its profits amid a major downturn in the German economy...
Deutsche Bank’s Heavier Costs Drag Shares Despite Investment Bank Strength
The lender’s better-than-expected performance in investment banking was overshadowed by a drop in profit and shares slumped as the company said it expects costs to remain heavy.
Deutsche Bank warns on costs as profits plunge
Deutsche Bank warned investors that costs in 2025 would be higher than expected after fourth-quarter profits plunged and the bank missed its 2024 cost target and analyst expectations as it was hit by litigation charges and higher-than-expected loan losses.
Deutsche Bank Traders Beat in Quarter Marred by Higher Costs
Deutsche Bank AG’s fixed-income traders closed out last year with the best fourth quarter on record as they benefited from volatility tied to the US elections in November and turbulence in European politics.
Deutsche Bank Launches Share Buyback as Costs Hit Profit
Germany’s largest lender by total assets will buy back shares and reported a worse-than-expected drop in profit due to well-flagged higher costs.
Deutsche Bank targets €32B revenue and below 65% cost-income ratio for 2025
Q4 2024 Management View CEO Christian Sewing highlighted 2024 as a transition year, with significant progress made in transforming the business model. Pre-provision profit increased by 19% year-on-year when adjusted for specific items,
Deutsche Bank: Bullish, But No Longer All-In
Deutsche Bank reported solid Q4 results with €7.2 billion in revenue, driven by a 30% YoY jump in the investment bank. Read ...
Deutsche Bank CEO Joins Dimon, Solomon in Resisting DEI Attacks
The chief executive officer of Deutsche Bank AG joined his counterparts at JPMorgan Chase & Co. and Goldman Sachs Group Inc.
War On DEI: Deutsche Bank Stands ‘Firmly Behind’ Diversity Program As These Major Organizations Drop Them
Following Trump's lead, organizations including Walmart, Lowe’s and Meta, have announced they would scale back their commitments to diversity, equity and inclusion programs.
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Frieze Reveals the Shortlist and Jury for the 2025 Deutsche Bank Frieze Los Angeles Film Award
Frieze announced the shortlist and judges of its sixth annual film awards, which celebrate young artists in Los Angeles.
Deutsche Bank CEO Says He May Shutter Units in Next Revamp
Deutsche Bank AG Chief Executive Officer Christian Sewing said the next steps in his strategic plan for the lender may involve cutting underperforming units to improve profitability.
Deutsche Bank plans EUR 2.1B in furthter capital distributions to shareholders
Deutsche Bank (DB) announced plans for EUR 2.1 billion in further capital distributions to shareholders in 2025. The bank has received ...
Stock market today: Dow, S&P 500, Nasdaq move higher with Apple earnings in the wings
US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results ...
2 Surprising Stock Rallies: Volkswagen and Germany
The big test for Volkswagen will come in 2026, when it tries to play catch-up in electric vehicles with four models. And ...