Deutsche Bank AG on Thursday reported fourth-quarter net profit fell 76% to 147 million euros ($194 million), against a profit of €601 million in the year-ago period
The bank cited "continued market uncertainty and a lack of risk appetite leading to subdued market activity," driving net revenues down 26% for corporate and investment banking
It said Europe's sovereign debt crisis particuarly affected activity levels in Europe, where the bank has a large portion of its business
A survey of analysts polled by Bloomberg were forecasting net profit of €556 million
The bank said it recorded a tax benefit of €537 million in the period
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