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Deutsche Bank posts weaker-than-expected profit and ditches 2025 cost target

Deutsche Bank on Thursday posted a bigger-than-expected drop in fourth quarter and 2024 full-year profit as legal provisions and restructuring costs eroded revenue gains at its global investment banking division.

The Wall Street Journal on MSN · 5h

Deutsche Bank’s Heavier Costs Drag Shares Despite Investment Bank Strength

The lender’s better-than-expected performance in investment banking was overshadowed by a drop in profit and shares slumped as the company said it expects costs to remain heavy.

The Financial Times · 8h

Deutsche Bank warns on costs as profits plunge

Deutsche Bank warned investors that costs in 2025 would be higher than expected after fourth-quarter profits plunged and the bank missed its 2024 cost target and analyst expectations as it was hit by litigation charges and higher-than-expected loan losses.

NBC Washington · 13h

Deutsche Bank posts steeper-than-expected Q4 profit fall and scraps cost target

Legal provisions weighed on the bottom line at Germany’s largest lender Deutsche Bank, with net profit falling in the fourth quarter.

1hon MSN

Valero Energy beats quarterly profit estimates on lower costs

Refiner Valero Energy beat fourth-quarter profit estimates on Thursday, on lower costs and higher renewable diesel margins.

The Hidden Drivers Of Profitability You Can’t Afford To Ignore

Profitability is the foundation that allows businesses to reinvest in themselves through business expansion and provides ...

Norfolk Southern Beats Profit Estimates Helped by Cost Cuts, Insurance Recovery

U.S. railroad operator Norfolk Southern on Wednesday posted a quarterly profit that beat analysts' estimates, helped by cost ...

3hon MSN

Dow to Cut 1,500 Jobs as Part of $1 Billion Cost-Saving Plan After Q4 Miss

(Reuters) - Dow missed fourth-quarter profit estimates on Thursday, and said it will lay off 1,500 employees as a part of its $1 billion cost savings plan, as the chemical firm grapples with ...

Vimeo: Cost Control Worked, But Profit Growth Trajectory Unproven

Vimeo has shown impressive EBITDA improvements from cost control, but growth will need more marketing investments. Click here ...

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