German banking major Deutsche Bank AG reported Thursday a significantly higher profit in its fourth quarter and fiscal 2022, mainly reflecting a tax benefit in the U.S, despite weakness in Investment Bank and asset management revenues. The company said it recorded its highest annual profit, both before and after tax, since 2007.
Further, the company lifted its dividend, and said it sees sustainable growth in the years ahead. Deutsche Bank also reaffirmed its financial targets and capital objectives for 2025.
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