Deutsche Bank reports 10% profit rise in first quarter, beating expectations

The Deutsche Bank AG headquarters in the financial district of Frankfurt, Germany, on Thursday, Feb. 1, 2024.Deutsche Bank on Thursday reported 1.275 billion euros ($1.365 billion) in net profit attributable to shareholders in the first quarter, marking a 10% annual increase.Analysts had forecast a result of 1.23 billion euros for the period, according to LSEG data.Revenue rose 1% year-on-year to 7.8 billion euros, which it attributed to growth in commissions and fee income.Germany's biggest lender reported ...