KEY POINTS
  • Legal provisions weighed on the bottom line at Germany's largest lender Deutsche Bank, with litigation costs over the fourth quarter coming in at 594 million euros.
  • Net profit attributable to shareholders hit 106 million euros ($110.4 million) over the period, compared with a 282.39-million-euro forecast.
  • The bank said it now targets a cost-income ratio of below 65% this year, compared with an initial goal of below 62.5%. It also launched a 750-million-euro share buyback.

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Germany's largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply in the last three months of 2024, as legal provisions weighed on the bottom line.

Frankfurt-listed shares of the bank pared back some of the losses from earlier in the day to close down 1.9%.

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