DB - Deutsche Bank Q4 profit bolstered by investment bank activity

Deutsche Bank (DB) shares fall 2.3% in premarket trading in New York as the lender reports Q4 profits bolstered by its Investment Bank, the unit that CEO Christian Sewing planned to cut in his overhaul of the company.Q4 Group profit of EUR 189M fell from EUR 309M in Q3 but rebounds from a loss of EUR 1.48B in the year-ago quarter.Investment Bank revenue of EUR1.9B rose 24% Y/Y, driven by a 52% increase in Origination & Advisor and a 17% increase in FIC Sales & Trading revenue.Corporate Bank net revenue of EUR 1.2B was essentially flat on an adjusted basis Y/Y.Private Bank net revenue of EUR 8.1B was flat on an adjusted basis, while Asset Management net revenue of EUR 2.2B fell 9% Y/Y on a currency-adjusted basis, reflecting the non-recurrence of significant performance fees in the prior-year quarter.CET1 ratio increased to 13.6% from 13.3% during Q4.Q4 provisions for credit losses of

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Deutsche Bank Q4 profit bolstered by investment bank activity