Deutsche Bank AG (CHIX:DBKd)
€ 25.89 (0%) Market Cap: 51.26 Bil Enterprise Value: 25.26 Bil PE Ratio: 16.83 PB Ratio: 0.64 GF Score: 34/100

Preliminary Q4 2024 Deutsche Bank AG Earnings Call Transcript

Jan 30, 2025 / 10:00AM GMT
Release Date Price: €18.97 (-1.40%)

Key Points

Positve
  • Deutsche Bank AG (DB) reported a 19% increase in pre-provision profit for 2024 compared to 2023, demonstrating strong operating performance.
  • The bank successfully delivered over EUR30 billion in revenue, surpassing initial 2025 targets, indicating strong franchise momentum.
  • Deutsche Bank AG (DB) announced a EUR750 million share buyback program and a dividend per share of $0.68, reflecting a commitment to capital returns.
  • The bank's CET1 ratio remained robust at 13.8%, providing a solid foundation for future growth and capital distribution.
  • Asset Management surpassed EUR1 trillion in assets under management for the first time, showcasing scale and competitiveness.
Negative
  • Deutsche Bank AG (DB) faced EUR1.7 billion in costs related to three specific litigation items, impacting reported results.
  • The bank's cost-income ratio target for 2025 is set at below 65%, which is higher than the original target, indicating ongoing cost challenges.
  • Noninterest expenses increased by 14% in Q4 2024 due to exceptional nonoperating and adjusted cost items.
  • The Private Bank's return on equity remains low at 5%, highlighting the need for further transformation and efficiency improvements.
  • Provision for credit losses was EUR1.8 billion for 2024, with expectations to remain at the higher end of the range in 2025 due to ongoing economic uncertainties.
Operator

Ladies and gentlemen, welcome to the Q4 2024 analyst conference call and live webcast. I'm [Jorgian], the Chorus Call operator. (Operator Instructions) The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to an Ioana Patriniche, Head of Investor Relations. Please go ahead.

Ioana Patriniche;Christian Sewing<
Deutsche Bank AG - Head of Investor Relations

Thank you for joining us for our fourth-quarter and full-year 2024 preliminary results call. As usual, our Chief Executive Officer, Christian Sewing, will speak first; followed by our Chief Financial Officer, James von Moltke. The presentation, as always, is available to download in the Investor Relations section of our website, db.com.

Before we get started, let me just remind you the presentation contains forward-looking statements, which may not develop as we currently expect. We, therefore, ask you to take notice of the precaution rewarding at the end of our materials.

And with that, let me hand over to Christian.

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot