LONDON — Deutsche Bank on Thursday defied market expectations to post a profit for the fourth quarter of 2021, as investment bank revenues rose.
The German lender said profit attributable to shareholders came in at 145 million euro ($162.7 million) for the final three months of the year — almost triple its profit for the same period in 2020, and marking a sixth consecutive quarter of profit.
Analysts had expected a quarterly loss of 127.58 million euros, according to Refinitiv estimates.
The quarterly figures took Deutsche Bank’s full-year net profit for 2021 to 1.94 billion euros after a strong first half to the year. This was up from 113 million euros in 2020 and above analyst projections of 1.79 billion euros.
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