Deutsche Bank smashes profit estimates and boosts shareholder returns

The reflection of a Deutsche Bank AG logo outside a bank branch in Berlin, Germany, on Monday, March 27, 2023.Deutsche Bank on Thursday smashed fourth-quarter earnings expectations with a net profit of 1.3 billion euros ($1.4 billion), and announced a further 1.6 billion euros in shareholder returns for 2024.The quarterly net profit figure marked an almost 30% fall from the same quarter a year ago, but was significantly higher than the 785.61 million euros expected by analysts.Deutsche also announced plans ...