Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Publishing timestamp: 2024-04-25 11:57:46
Summary
Deutsche Bank reported a 10% increase in net profit in the first quarter, beating analyst expectations. The bank's shares reached a six-year high after the strong performance in its investment banking unit. Revenue also rose 1% year-on-year, driven by growth in commissions and fee income. The bank's CFO expressed confidence in the sustainability of the positive momentum in all four business divisions.
Sentiment: POSITIVE
Keywords: earnings, switzerland, deutsche bank ag, davos, business news, securities fraud, germany, dividends, banks, breaking news: europe,
Source: https://www.cnbc.com/2024/04/25/deutsche-bank-first-quarter-2024-earnings.html