Germany's flagship lender will also take impairment charges on Greek sovereign debt of about 250 million euros and cut about 500 jobs, mainly outside its home market, it said in a statement on Tuesday.
Analysts had expected lower earnings than the 10 billion euros pretax profit from core businesses, excluding one-off factors, that Deutsche Bank had previously forecast.
Since September, half the 34 analysts following Deutsche Bank have revised their full-year earnings estimate downward, by an average of 10.3 percent, Thomson Reuters Starmine shows.
Deutsche Bank was seen posting a 2011 pretax profit of 7.72 billion euros, according to Starmine's SmartEstimate. That included one-off charges, and corporate investments, areas Deutsche Bank has excluded from its target definition.