UK markets closed
  • FTSE 100

    7,494.13
    -90.88 (-1.20%)
     
  • FTSE 250

    22,263.24
    -451.74 (-1.99%)
     
  • AIM

    1,132.08
    -24.37 (-2.11%)
     
  • GBP/EUR

    1.1942
    -0.0077 (-0.64%)
     
  • GBP/USD

    1.3555
    -0.0045 (-0.33%)
     
  • BTC-GBP

    25,540.57
    -2,923.58 (-10.27%)
     
  • CMC Crypto 200

    870.86
    +628.18 (+258.85%)
     
  • S&P 500

    4,397.94
    -84.79 (-1.89%)
     
  • DOW

    34,265.37
    -450.02 (-1.30%)
     
  • CRUDE OIL

    84.83
    -0.72 (-0.84%)
     
  • GOLD FUTURES

    1,836.10
    -6.50 (-0.35%)
     
  • NIKKEI 225

    27,522.26
    -250.67 (-0.90%)
     
  • HANG SENG

    24,965.55
    +13.20 (+0.05%)
     
  • DAX

    15,603.88
    -308.45 (-1.94%)
     
  • CAC 40

    7,068.59
    -125.57 (-1.75%)
     

Asset manager DWS says Q4 earnings beat market expectations

The new logo of Deutsche Bank's DWS Asset Management is pictured at their headquarters in Frankfurt

FRANKFURT (Reuters) - German asset manager DWS said its fourth-quarter earnings rose significantly more than analysts had expected, driven by higher performance, transaction and management fees.

Quarterly adjusted profit before tax jumped to 378 million euros ($433 million), up from 212 million euros a year earlier, it said in a statement on Thursday, citing preliminary results.

The company added it proposed an annual dividend of 2.00 euros per share. The group is due to report full fourth-quarter results on March 11.

($1 = 0.8731 euros)

(Reporting by Ludwig Burger; Editing by Chris Reese)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting