Deutsche Bank on Thursday reported 1.275 billion euros in net profit attributable to shareholders in the first quarter, marking a 10% annual increase.
Revenue rose 1% year-on-year to 7.8 billion euros, which the bank attributed to growth in commissions and fee income, along with strength in fixed income and currencies.on Thursday reported a 10% rise in first-quarter profit, beating expectations amid an ongoing recovery in its investment banking unit.
Deutsche Bank said this was its highest first-quarter profit since 2013. It also marks the bank's 15th straight quarterly profit.Group revenue rose 1% year-on-year to 7.8 billion euros, which the bank attributed to growth in commissions and fee income, along with strength in fixed income and currencies. The revenue print also came in ahead of an analyst forecast of 7.73 billion euros, according to LSEG.
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