Deutsche Bank sees Q4 profit of 600 m euros

1st February 2011, Comments 0 comments

Germany's leading Deutsche Bank expects net profit of around 600 million euros in the fourth quarter, a nearly 54 percent drop from a year ago due to recent acquisitions and restructuring costs.

The year before, Deutsche Bank had achieved net profit of 1.3 billion euros and Dow Jones Newswires analysts had agreed on an estimate of about 800 million euros for this year.

Pre-tax profit for the fourth quarter was expected to be around 700 million euros compared with 756 millions a year earlier, the bank said late Monday. There again, analysts had expected a higher figure -- around 1.2 billion euros.

Deutsche Bank publishes its annual results on Thursday.

© 2011 AFP

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