Deutsche Bank (DB) Q1 Earnings & Revenues Rise Y/Y, Stock Up

Deutsche Bank (DB) reported first-quarter 2024 profit attributable to its shareholders of €1.3 billion ($1.41 billion), up 10.1% year over year. The Germany-based lender reported a profit before tax of €2 billion ($2.17 billion), up 10% year over year.Results were positively impacted by higher net revenues and lower expenses. This led investors to turn bullish on the stock, resulting in a gain of 8.7%. However, higher provision for credit losses was an offsetting factor.Revenues Rise & Expenses FallThe bank ...