Deutsche Bank’s Profit Rises on Strong Client Activity

Deutsche Bank AG mentioned its first-quarter revenue jumped on sturdy shopper exercise regardless of an unsure enterprise surroundings associated to the battle in Ukraine and surging inflation.

The financial institution reported an 18% rise in web revenue for the quarter to €1.23 billion, the equal of $1.3 billion. The revenue was larger than a median analyst consensus of €1.11 billion. Revenue at its company financial institution rose 11%, and seven% at its funding financial institution. Costs have been down 4%.

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