Deutsche Celebrates First Full-Year Profit Since 2014 as It Hits Cost Saving Targets
Deutsche Bank celebrates its first full-year accounting profit since 2014 of EUR 341 million, but the road to economic profits, which is what investors are ultimately looking for, continues to look long and winding to us. Profit before tax of EUR 1.3 billion was in line with our expectations and proved to be a more representative figure this year as tax-related one-off items of about EUR 400 million distorted the bottom-line figure. Excluding these specific items, return on equity came in at abo...Deutsche Bank is a holding company acting as an international financial service provider. Co. offers a wide variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Co. has operations or dealings with existing or potential customers in most countries in the world. Co. is organized into the following six corporate divisions: Global Markets (GM); Corporate & Investment Banking (CIB); Private, Wealth & Commercial Clients (PW&CC); Deutsche Asset Management (Deutsche AM); Postbank (PB); and Non-core Operations Unit (NCOU).
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