Deutsche Bank Q4 profit down less than feared; announces buybacks, dividends

Deutsche Bank on Thursday posted a 30% drop in fourth-quarter profit as restructuring costs and other one-off expenses outweighed revenue gains, but the fall was not as steep as analysts feared. The bank also announced plans for 1.6 billion euros ($1.73 billion) in share buybacks and dividends, and it raised its outlook for revenue growth. Net profit attributable to shareholders was 1.26 billion euros in the quarter.