Deutsche Bank Stock Up On Strong Q4 Net Profit, Positive Outlook

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.

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