Deutsche Bank Shares Drop on Big 4th-Quarter Loss

Shares of Deutsche Bank AG have fallen sharply after Germany's biggest lender announced a large fourth-quarter net loss, its results weighed down by one-time expenses and losses on investments it is disposing of.

Deutsche Bank shares were down 4.5 percent in early trading Monday at 37.6 euros ($50.91), making it the worst performer on Frankfurt's DAX index of blue chip stocks.

The bank on Sunday night posted a fourth-quarter net loss of 965 million euros ($1.3 billion), an announcement that came 10 days before it was scheduled to release its results. The figure was below analysts' expectations.

Revenues during the fourth quarter were down 16 percent year-on-year at 6.6 billion euros.