Deutsche Bank to post small Q4 loss on US tax reform, weak markets

Krisztian Bocsi | Bloomberg | Getty Images

Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany, on Thursday, Oct. 20, 2016.

Deutsche Bank said it would post a small net loss in the fourth quarter after weak trading, a low level of client activity and a 1.5 billion euro ($1.81 billion) negative impact of a tax overhaul in the United States.

“Trading conditions in the fourth quarter 2017 were characterized by low volatility in financial markets and low levels of client activity in key businesses,” Deutsche Bank said in a statement on Friday.

Shares fell almost 5 percent on Friday following the announcement.

–-CNBC.com contributed to this report.