Deutsche Bank Rose Over 4% in Premarket Trading after Posting Triple Q4 Profit
Tiger Newspress2022-01-27
Deutsche Bank rose over 4% in premarket trading after posting triple Q4 profit.
The net profit attributable to shareholders was 145 million euros ($162.62 million) in the three months ending Dec. 31, figures published on Thursday showed. That compares with a profit of 51 million euros a year earlier, and it is better than analyst expectations for a loss of around 130 million euros.
It was the sixth consecutive quarter of profit, the bank's longest streak in the black since 2012, and a milestone for CEO Christian Sewing, who was promoted to chief executive in 2018 to turn Deutsche around after a series of embarrassing and costly regulatory failings, including over money laundering.
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