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A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank on Thursday reported its 10th straight quarter of profit, receiving a boost from higher interest rates and favorable market conditions. Deutsche Bank reported a 1.8 billion euro ($1.98 billion) net profit attributable to shareholders for the fourth quarter, bringing its annual net income for 2022 to 5 billion euros, a 159% increase from the previous year. The German lender almost doubled a consensus estimate among analysts polled by Reuters of 910.93 million euro net profit for the fourth quarter , and exceeded a projection of 4.29 billion euros on the year. In 2019, Deutsche Bank launched a sweeping restructuring plan to reduce costs and improve profitability, which involved exiting its global equities sales and trading operations, scaling back its investment banking and slashing around 18,000 jobs by the end of 2022. The annual resu...

In this article BAC Follow your favorite stocks CREATE FREE ACCOUNT Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America reported fourth-quarter results on Friday that topped expectations on the top and bottom lines . Here are the key metrics compared to what Wall Street expects: Earnings: 85 cents per share versus 77 cents a share, according to Refinitiv Revenue: $24.66 billion versus $24.3 billion, according to Refinitiv Shares of Bank of America rose about 1% in premarket trading. Expectations are running high that Bank of America will post gains in interest income thanks to higher rates and loan growth in the fourth quarter. Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve's rate-boosting campaign. But bank stocks got hammered last year amid concerns a recession was on the way. Investors will be eager to see how well the bank's retail and business customers are holding up. In the first...