Deutsche Bank AG-Deutsche Bank posts 39% jump in first-quarter profit, above expectations

Core Insights - Deutsche Bank reported a higher-than-expected net profit for the first quarter, driven by favorable market conditions despite broader economic turbulence [1][2] Financial Performance - Net profit attributable to shareholders reached 1.775 billion euros ( $2.019 billion) in the first quarter, marking a 39% increase year-on-year and surpassing analyst expectations of approximately 1.64 billion euros [2] - The bank's revenues for the period totaled 8.524 billion euros, reflecting a 10% year-on-year growth and exceeding the previous quarter's revenue of$ 7.224 billion [2] - In comparison, Deutsche Bank reported a profit of 106 million euros for the December quarter, indicating a significant improvement in performance in the first quarter [2]