Deutsche Bank delivered bad news on spending, and investors weren't happy.
Deutsche Bank posts steeper-than-expected fall in fourth-quarter profit
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.
Talks between Deutsche Bank , its asset management arm DWS and Chinese lender Postal Savings Bank of China (PSBC) over a joint venture in China have collapsed after the German firm resisted Beijing's request to boost its stake, sources said.
European financial market infrastructure companies are a good place to be invested into 2025, suggests Deutsche Bank. Euronext remains the German bank's preferred pick in the space with ongoing rerating potential as the group solidifies its higher growth track record, followed by Deutsche Boerse (underlying growth intact, net interest income headwind became smaller).
There's never been a bigger valuation gap between European and U.S. stocks, and that's not the only reason why Deutsche Bank now says it prefers equities on the Continent on a tactical basis.
DB aims to expand its fixed-income trading business in the United States. This aligns with the bank's goal to become the top five banks in the country.
The Deutsche Bank share price has done well in 2024, rising by over 30% after the company continued doing well. It rose to a high of €17.31 on December 16, up by over 300% from its lowest point in 2021.
Deutsche Bank Securities agreed to pay a $4 million civil penalty to settle Securities and Exchange Commission (SEC) charges that it failed to file certain Suspicious Activity Reports (SARs) in a timely manner.
Today's inflation print, which revealed that consumer prices increased by 2.6% year on year in November, “will only reinforce the MPC (Monetary Policy Committee)'s message of patience and gradualism”, reckon Deutsche Bank analysts. There was some good news to be gleaned from the data, said the bank.
Binky Chadha, chief market strategist at Deutsche Bank, joins CNBC's 'The Exchange' to discuss why he has the third highest price target for the S&P for 2025, macro outlooks, and more.
Steve Powers, Deutsche Bank managing director, joins 'Money Movers' to discuss the firm's bullish call on beverages, if the prospect of consolidation is meaningful for Mondelez, and much more.