Deutsche Bank is expected to swing to a net loss when it reports fourth-quarter earnings on Thursday amid a slowdown in revenue at its investment bank, based on analysts' consensus estimates.
Deutsche's return to profit in the past few quarters has shown how a 9 billion euro overhaul by CEO Christian Sewing, begun in 2019, is paying off. Sewing has got the bank back into profit after a string of regulatory failings and billions in losses logged over the previous decade.
The investment bank has become a fairly stable business, said Andreas Thomae, a portfolio manager at Deka, an investor in the German bank. For the fourth-quarter, the bank is expected to report a net loss attributable to shareholders of around 130 million euros , based on analysts' estimates. That compares with a profit of 51 million euros a year earlier.
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