...January 30, 2025 LONDON (S&P Global Ratings) Jan. 30, 2025--Deutsche Bank's fourth-quarter result included material nonoperating costs that weighed on reported profit but support its future earnings prospects. S&P Global Ratings expects a material pickup in the bank's performance in 2025, on the back of favorable revenue trends and improving operating efficiency. Deutsche Bank AG (A/Stable/A-1) today reported 583 million pretax earnings for the fourth quarter of 2024, which was below expectations. This was due to almost 1 billion of litigation and restructuring provisions and a further 234 million of costs in respect of office closures and the U.K. bank levy. In our view, these nonoperating charges will bolster Deutsche Bank's 2025 earnings by reducing residual legal risks and facilitating further cost savings. The bank's underlying performance was solid, including 8% year-on-year revenue growth as the investment bank and asset management divisions benefited from higher business volumes....
