Comment on Deutsche Bank makes Q4 profit as trading picks up

Deutsche Bank makes Q4 profit as trading picks up

By MATT MOORE Germany's Deutsche Bank AG said Thursday that improved trading, along with tax benefits in the U.S., lifted its net earnings to euro1.3 billion ($1.8 billion) in last year's fourth quarter.The bank, based in Frankfurt and Germany's biggest by assets, said the profit compared with a loss of euro4.8 billion in the final three months of 2008.It was buoyed by a euro554 million gain from tax benefits that arose from a decision to recognize deferred tax assets in the U.S.

 

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