Deutsche Bank, Santander profits smash forecasts
STORY: Deutsche Bank’s full-year profit more than doubled last year to about $5.5 billion dollars.
The German lender said that marked its largest annual profit since 2007, and its third-straight year in the black.
It also reported forecast-beating earnings of almost $2 billion dollars in the fourth quarter, soaring past analyst expectations.
The bank credited buoyant trading and a boost from higher interest rates.
The year’s end also marked the culmination of Deutsche's four-year program to reduce expenses.
While the plan has stabilized the company, challenges could lie ahead.
Some analysts were disappointed by a drop in fourth-quarter investment bank revenues and warned of risks from slowing economies, high inflation and peaking interest rates.
The bank has also been hit by an industry-wide slump in dealmaking.
And Deutsche’s CEO refused to rule out job cuts to further reduce costs.
The bank's shares fell were down around 2% by early afternoon.
Spain’s Santander also exceeded analyst expectations,
Posting an 18% jump in annual profit to a record $10.5 billion.
The euro zone's second-biggest lender by market value was also helped by higher rates, and saw a solid performance in its corporate and investment banking divisions.
Its shares were up over 6% by lunchtime in Europe.
相關影片推薦
- 2:22世界最小核潛艇 法國老牌「紅寶石級」罕見公開 直擊內部作業、核動力能巡洋數月Yahoo奇摩(國際通)7,582 次觀看・18 小時前
- 2:02英國女遊台南「喝全糖珍奶」 嚇壞驚呼:天大錯誤華視影音164,538 次觀看・17 小時前
- 2:24以巴仇恨言論升溫 南加大穆斯林畢業生致詞遭取消 校方挨批屈服於霸凌Yahoo奇摩(國際通)63,458 次觀看・18 小時前
- 1:30【獨家】台積電工程師揪團「包樓掃房」 業界曝:持2-3房常態|#鏡新聞鏡新聞5,544 次觀看・16 小時前
- 3:18五種包餡銅板美食 醫生點名「傷腎魔王」東森新聞影音7,449 次觀看・1 天前
- 1:466人花3萬吃過期肉 和牛EMPEROR強硬聲明:不會賠償東森新聞影音172,268 次觀看・1 天前
- 1:1126歲抗癌網紅因胃癌去世 生命最後5個月沒吃沒喝娛樂星聞26,464 次觀看・1 天前
- 1:54喬治亞「外國代理人」法案惹議 國會上演全武行 議員被一拳揍飛 全場大亂鬥 直播被迫中斷Yahoo奇摩(國際通)23,670 次觀看・23 小時前
- 1:35403強震目擊山崩 倒退嚕仍遭土石雨襲擊|#鏡新聞鏡新聞47,270 次觀看・15 小時前
- 1:43北榮名醫鄭宏志涉收醫療器材廠商回扣11年 遭聲押東森新聞影音18,782 次觀看・14 小時前
熱門必看
- 3:13唐綺陽星座運勢:本週水星逆行牡羊座!上升射手注意舊情人找上門來~唐綺陽談星室45,820 次觀看・5 天前
- 9:38換乘戀愛3為何能讓大家一秒入坑? 比韓劇還扯?戀綜衝擊看點曝光Yahoo創作摩人29,204 次觀看・1 週前
- 9:57【居家清潔紀錄】花費4小時清潔廚房跟衛浴!費用、前後比對公開,結果太驚人😂原來這些都是清潔重點!★特盛吃貨艾嘉f.t.55688生活大管家特盛吃貨艾嘉8,845 次觀看・1 週前
- 1:55男生也可以飆唱紫棋的原 key!神人快拜!#好聲音推薦 #學唱歌 #歌唱教學 #翻唱 #reaction嘎老師 Miss Ga6,595 次觀看・4 天前
- 6:59簡單三步驟做出超好吃酸白菜蘿潔塔的廚房30,283 次觀看・1 天前