Deutsche Bank (DB) Reports Highest Annual Profit Since 2007 on Strong Investment Bank Performance

Deutsche Bank Aktiengesellschaft (NYSE:DB) ranks among the biggest publicly traded asset managers. On January 29, Deutsche Bank Aktiengesellschaft (NYSE:DB) reported its highest annual profit since 2007, following a better-than-expected fourth quarter. The German bank reported a net profit attributable to shareholders of 6.12 billion euros ($7.3 billion) last year, boosted by strong performance at its global investment bank.

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The past year also marked the end of a three-year financial strategy during which Deutsche Bank Aktiengesellschaft (NYSE:DB) committed to and achieved a key profit target of over 10% return on tangible equity. The financial giant is now working toward a new 2028 target of 13%, which experts believe it may fall short of.

Deutsche’s investment bank continued to be the largest revenue producer in the quarter, with a 5% growth that was about in line with forecasts. One of the investment bank’s biggest divisions, fixed-income and currency trading, recorded a 7% increase in revenue, above forecasts of a 4% gain.

Deutsche Bank Aktiengesellschaft (NYSE:DB) is Germany’s largest bank and one of Europe’s leading universal banking institutions. It operates across retail banking, corporate banking, investment banking, and asset management, serving clients worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.