Deutsche Bank posts steeper-than-expected fall in fourth-quarter profit
Published On Jan 30, 2025, 1:05 AM
Deutsche Bank's fourth-quarter profit fell sharply, reporting a net profit of 106 million euros, significantly lower than the anticipated 282.39 million euros and down from 1.461 billion euros in the prior quarter. Revenue was also lower than expected, coming in at 7.224 billion euros compared to the forecast of 7.125 billion euros. This poor performance may raise concerns about the bank's financial health and future prospects.
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DB
Negative
Given the substantial decline in profit and revenue, Deutsche Bank may face continued pressure in the banking sector, affecting investor sentiment. It could lead to further stock price declines as analysts reassess growth forecasts for the bank.