Deutsche Bank smashes profit estimates and boosts shareholder returns
Publishing timestamp: 2024-02-01 04:10:12
Summary
Deutsche Bank reported net profit of 1.3 billion euros in the fourth quarter, beating expectations. The bank also announced plans for further shareholder returns and a 2.5 billion euro operational efficiency program that includes cutting 3500 jobs. The bank's CEO expressed confidence in meeting their 2025 targets and stated that acquisitions were not a priority.
Sentiment: POSITIVE
Keywords: banks, earnings, davos, securities fraud, breaking news: europe, dividends, switzerland, deutsche bank ag, business news, germany,