Deutsche Bank shares dive as it lowers 2025 cost target

Deutsche Bank posted disappointing Q4 2024 earnings, with net profit falling 92% to €106 million due to high litigation costs 💸. The bank faced a €329 million charge from a Polish mortgage scandal, which weighed heavily on profits. Despite an 8% rise in Q4 revenue to €7.2 billion, profit before tax dropped 17% to €583 million. Full-year net profit for 2024 was down 36% at €2.7 billion.

The bank’s share price fell 4.35% following the results 📉. CEO Christian Sewing expressed confidence in 2025, targeting a return on tangible equity (RoTE) above 10% and higher shareholder distributions. Deutsche Bank also announced a €750m share buyback and proposed a higher dividend of €0.68 per share for 2024 💰.