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Deutsche Bank posts steeper-than-expected Q4 profit fall and scraps cost target

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Summary
Nutrition label

75% Informative

Legal provisions weighed on the bottom line at Germany 's largest lender Deutsche Bank , with litigation costs over the fourth quarter coming in at 594 million euros.

Net profit attributable to shareholders hit 106 million euros ( $110.4 million ) over the period, compared with a 282.39-million-euro forecast.

The bank said it now targets a cost-income ratio of below 65% this year .

Despite drop in quarterly profit, Deutsche Bank also launched a 750 million -euro share buyback.

VR Score

82

Informative language

86

Neutral language

64

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formal

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English

Language complexity

41

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not offensive

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not hateful

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short-lived

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