"Deutsche Bank Surpasses Expectations with Strong Q4 Performance and Shareholder Rewards"
Originally Published 1 year ago — by CNBC
Deutsche Bank reported a fourth-quarter net profit of 1.3 billion euros, surpassing expectations, and announced plans for 1.6 billion euros in shareholder returns for 2024. The bank also revealed a 50% increase in share buybacks and dividends, with a focus on operational efficiency and cost reduction. CEO Christian Sewing emphasized the bank's strong performance and capital generation, expressing confidence in meeting 2025 targets. Despite merger speculation, Sewing stated that acquisitions were not a priority for the bank.