Shares of Deutsche Bank AG were gaining around 5 percent in German trading and 4 percent in pre-market activity on the NYSE after the banking major reported Thursday significantly higher fourth-quarter net profit on tax benefit and higher revenues. Pre-tax profit, meanwhile, declined on increased expenses.
Looking ahead, the company said it is on track to deliver 2022 targets and ambitions. The company said it is steadily increasing profitability, and positioned for sustainable revenue growth and further structural cost reductions.
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