Deutsche Bank Shares Up as Much as 5% On Surprise Profit
Deutsche Bank AG was the best performer among European lenders after reporting a surprise profit in the first quarter as legal expenses dropped and trading businesses performed better than analysts forecast. Net income declined to 214 million euros from 544 million euros in the year-earlier period, the company said in a statement on Thursday. Analysts had forecast a loss of 484.3 million euros, according to the average of six estimates compiled by Bloomberg. Estimates ranged from a profit of 244 million euros to a loss of 1.44 billion euros. Bloomberg's Lionel Laurent reports the latest from the bank. He joins Stifel Managing Director Otto Dichtl and Francine Lacqua on "The Pulse."
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Tech Meets the Solar Eclipse
29:32 - On Monday, people across America are going to be treated to a once-in-a-lifetime event, a total solar eclipse that you have to be in the continental U.S. to enjoy. Bloomberg's Emily Chang took a look at how the tech industry is faring in the shadow of the sun. (Source: Bloomberg)