Deutsche Bank (DB) Q4 Earnings Fall Y/Y, Revenues Rise

Deutsche Bank (DB) reported fourth-quarter 2023 profit attributable to its shareholders of €1.26 billion ($1.37 billion), down 30% year over year. The Germany-based lender reported a profit before tax of €698 million ($759.2 million), down 10% year over year.Results were largely driven by higher net revenues. However, higher provision for credit losses and rising expenses were the offsetting factors.Revenues & Costs Rise, Provisions RiseThe bank generated net revenues of €6.66 billion ($7.24 billion), up 5% ...