Deutsche Bank reported a decline in profit in the fourth quarter and the entire year of 2024, due to regulatory provisions and restructuring costs. Net profit for the quarter was 106 million euros, which is significantly below analysts’ expectations. For the entire year, profit was 2.70 billion euros, less than the nearly 3 billion expected. CEO Christian Sewing has set ambitious targets for profit and costs. The bank has revised its targets for 2025, now aiming for a cost-to-income ratio below 65 percent.
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