Deutsche Bank (NYSE: DB) reported a net profit for 2020. Obviously it’s expected that bank will post yearly profit, but for Deutsche Bank it’s a first profitable year since 2014. Revenue growth and disillusioned transformation execution resulted in €624 million profit after tax (profit before tax €1B) VS a loss of €5.3B after tax in 2019.

Key financial results:

  1. Net revenue €24B.
  2. Provision for credit losses €1.792B.
  3. Total non interest expenses €21B.
  4. Profit before tax €1B.
  5. Profit after tax €624M.

Despite profitability share price fell a few percent. Deutsche Bank used to have 15x market capitalisation than it’s now.

One bar = one month
1 bar = 1 week

For Deutsche Bank 2020 was a successful year and now we can expect strong growth.


Trader, blogger, traveler

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