Fourth Straight Quarterly Profit For Deutsche Bank (DB, GS, JPM)

Deutsche Bank AG (NYSE: DB), the largest German Bank, has reported profits for the fourth quarter in a row. This was helped by a tax gain, and comes a year after the bank saw losses.

Net income stood at 1.3 billion euros, which came after a loss of 4.8 billion euros a year back. There was a tax benefit of 554 million euros that accrued to the company. Deutsche Bank follows banks like JPMorgan Chase & Co. (NYSE: JPM), and Goldman Sachs Group Inc. (NYSE: GS) which showed profits, a year after emerging from the worldwide financial crisis since the Great Depression in the 1930s.

However, investment banking performance lagged behind at Deutsche Bank, caused by lower equity and debt trading in Q4.