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Deutsche Bank reports Q4 profit down to €106M, attributing the drop to high litigation costs.
Deutsche Bank reported a significant drop in Q4 profits to €106 million, well below forecasts and largely due to high litigation costs.
The bank has adjusted its cost-to-income ratio target to below 65% for 2025, up from the initial 62.5% goal.
Despite the profit decline, the bank's shares have seen a year-to-date increase of 13% and launched a €750 million share buyback.
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Deutsche Bank informa de que el beneficio del Q4 se redujo a 106 millones de euros, lo que atribuyó la caída a los elevados costes de litigio.