Deutsche Bank reported a net profit attributable to shareholders of 1.3 billion euros for Q4 2025, exceeding the 1.12 billion-euro consensus forecast. This result marks the bank’s strongest fourth quarter in its history and reflects broad-based improvements across its core divisions. Profit growth was driven primarily by higher trading revenues in fixed income and equities, as well as stronger performance in the asset management arm, which saw net fee income rise 15% year-over-year.

Total group revenues for the quarter reached 7.73 billion euros, in line with consensus estimates of 7.72 billion euros. The investment bank contributed 3.5 billion euros in revenue, up 8% from a year earlier, supported by increased client activity in interest rate products and structured credit. Asset management revenues climbed 10%, while the corporate bank saw a 4% decline as lower underwriting fees and subdued M&A advisory weighed on results.

The bank’s Common Equity Tier 1 (CET1) capital ratio stood at 14.2% at quarter-end, down slightly from 14.5% in Q3 2025 but up from 13.8% in Q4 2024. Management reiterated its target CET1 range of 14–15%, emphasizing continued balance sheet optimization and risk-weighted asset reductions. Liquidity coverage and net stable funding ratios remain comfortably above regulatory minimums, underpinning the bank’s resilience to potential market stress.

On January 28, Frankfurt prosecutors and the Federal Criminal Police Office conducted searches at Deutsche Bank’s Frankfurt and Berlin offices as part of an investigation into alleged money laundering by unidentified employees. The institution confirmed full cooperation with authorities but declined further comment. Reports indicate the probe focuses on certain business relationships with overseas entities, recalling earlier regulatory criticisms of the bank’s internal controls. Shares dipped over 3% in early trading following the news.