Deutsche Bank sees 2017 revenue staying "broadly flat"

• Deutsche Bank (DB -2.6%) is lower after announcing plans for a €8B ($8.6B) capital raise in which it will issue 687.5M shares at €11.65 ($12.51) each, marking a 35% discount compared to Friday's closing price.
• Citibank analysts say the share issue implies shareholders will see the book value of their shares diluted by 23%.
• In its 2016 annual report, DB also says it posted a €1.4B net loss for the full year and expects 2017 revenue growth to come in broadly flat, an outlook that analysts including Andrew Coombs at Citigroup say appears “cautious.”
• DB also confirms it cut bonuses paid to staff by 80% last year to €546M ($588.2M) at constant currencies from €2.4B in 2015.