Deutsche Bank Profit Beats Estimates on Trading Revenue
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Deutsche Bank AG, Europe’s largest investment bank, reported profit that fell less than analysts estimated after trading revenue beat projections. The shares climbed.
Net income dropped 34 percent to 1.08 billion euros ($1.5 billion) in the first quarter from a year earlier, the Frankfurt-based company said in a statement on its website today. That compared with the 1.01 billion-euro average of 10 analyst estimates compiled by Bloomberg.