Deutsche Bank's Shares Take a Hit

On Thursday, Deutsche Bank AG's shares experienced a significant decline, dropping over 6%. This downturn came in the wake of an earnings report that did not meet the expectations of investors.

Financial Performance Overview

The bank reported an 8% increase in revenue for the fourth quarter of fiscal 2024, amounting to €7.2 billion. However, the net profit saw a drastic reduction, standing at €337 million, a stark contrast to the €1.4 billion recorded in the same period of 2023.

Market Reaction

By 9:18 am CET, the bank's stock had fallen by 6.10%, with shares trading at €18.334 each.