Deutsche Bank Targets Higher Profitability, Cost Savings Through 2028

Deutsche Bank DBK -3.31%decrease; red down pointing triangle set out targets for higher profitability and additional cost savings over the next three years, as the group seeks to scale up to position itself for shifts in the global economy.

The German lender is looking to deliver growth in revenue, profitability and returns to shareholders in the period running through to 2028, after years of restructuring under Chief Executive Christian Sewing during which it focused on stabilizing its operations, leaving past scandals behind and restoring profitability.