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Deutsche Bank offices in London on July 2, 2024, in London, UK
Mike Kemp In photos Gety pictures
The largest lender in Germany German bank On Thursday, I mentioned a weaker profit than expected, which has decreased sharply in the past three months of 2024, when legal rulings were weighted at a minimum.
The net profits offered to shareholders reached 106 million euros ($ 110.4 million) in the fourth quarter, compared to expectations of 282.39 million euros in the LSEG poll for analysts. The result was characterized by a significant decrease from 1.461 billion euros, which was achieved in the third quarter.
Revenue amounted to 7.224 million euros in the fourth quarter, compared to a LSEG analyst of 7.125 billion euros – but it was eroded due to the costs of litigation over the period to 594 million euros.
The bank said it is now targeting the income percentage of the cost of less than 65 % this year, compared to a preliminary goal of less than 62.5 %. Despite the decrease in quarterly profits, Deutsche Bank launched a re -purchase of 750 million euros.
This urgent news story is updated.
