Negative
25Serious
Neutral
Optimistic
Positive
- Total News Sources
- 7
- Left
- 2
- Center
- 4
- Right
- 1
- Unrated
- 0
- Last Updated
- 18 days ago
- Bias Distribution
- 57% Center
Deutsche Bank Faces Profit Decline Amid Challenges
Deutsche Bank reported a significant decline in profits for the fourth quarter of 2024, with net profit attributable to shareholders dropping 92% year-over-year to €106 million, largely due to high litigation expenses, including costs related to the Postbank acquisition. The bank's revenue increased by 8% to €7.2 billion, driven by strong growth in commissions and fee income and stable net interest income, although non-interest expenses rose by 14% due to increased administrative costs. Despite operational strengths, Deutsche Bank abandoned its previous cost target for 2025, now aiming for a cost-to-income ratio below 65%, as it faces challenges from the broader German economic downturn and political instability. CEO Christian Sewing announced plans to cut jobs and streamline management to improve profitability, despite skepticism about achieving the bank's ambitious targets. The bank's stock price dropped amid these developments, reflecting investor concerns over its financial trajectory.
![daae85f0-2883-42fc-b085-888140adf30d](https://cdn.vtnews.ai/data/companies/daae85f0-2883-42fc-b085-888140adf30d/images/dd345ec5-f526-42fe-8d12-faed3ec06e93.webp)
![71639883-fbbd-48af-8cc3-393f63e7b2ef](https://cdn.vtnews.ai/data/sources/71639883-fbbd-48af-8cc3-393f63e7b2ef/images/bloomberg.jpeg)
![56c8ebfc-4532-480a-88f4-f11728791713](https://cdn.vtnews.ai/data/sources/56c8ebfc-4532-480a-88f4-f11728791713/images/financial-times.png)
![07fd0e62-c9b3-40d6-8df3-b4bd500c5667](https://cdn.vtnews.ai/data/sources/07fd0e62-c9b3-40d6-8df3-b4bd500c5667/images/fortune.jpg)
- Total News Sources
- 7
- Left
- 2
- Center
- 4
- Right
- 1
- Unrated
- 0
- Last Updated
- 18 days ago
- Bias Distribution
- 57% Center
Negative
25Serious
Neutral
Optimistic
Positive
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