Article Hero

Deutsche Bank beat expectations

Miguel A. Rodriguez
Miguel A. Rodriguez
17 February 2021
It swung to annual profit despite the pandemic

The largest German lender, Deutsche Bank, reported full-year earnings that beat expectations, showing resilience during the COVID-19 pandemic.

Deutsche Bank posted a full-year net profit of €113 million, while the market was looking for a loss of €201 million. Moreover, it netted a €51 million profit in the fourth quarter compared to the €325 million loss forecasted.

Cost reductions and high revenues helped the bank’s investment banking division to perform well, its net revenues reaching €9.8 billion in 2020, 32% higher than what it reported in the previous year.

The net revenues figures came in at a quarterly level at €5.5 billion, topping the €5.35 billion reported during the same quarter 2019.

For 2021, Christian Sewing, Deutsche’s CEO, is confident that the positive trend will continue despite the challenging times.

Following the news, Deutsche Bank stock price gained 0.86%.


This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.

Share this article

How did you find this article?


Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.