Deutsche Bank, one of the banks most exposed to U.S. commercial real estate, reported elevated levels of credit-loss provisions for a second straight

Net revenues for Deutsche Bank in Q1 2024 totalled €7.8bn, a mere 1% growth year-on-year, and this was attributed to an 11% growth in commissions and fee income.

Trading and investment banking helped lift Deutsche Bank to its highest quarterly profits in 11 years in the first three months of 2024, reflecting a similar trend at its larger Wall Street rivals. Germany’s largest lender said on Thursday that first quarter net income increased by 10 per cent from a year earlier to €1.

Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.

Deutsche Bank AG relied on its traders and investment bankers to make up for a slowdown in income from lending, as Chief Executive Officer Christian Sewing seeks to deliver on an ambitious revenue goal.

FRANKFURT (Reuters) - Deutsche Bank posted on Thursday a better-than-expected 10% rise in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at the investment bank.

Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations. The quarter saw a reversal from 2023, with investment banking doing better than its bread-and-butter lending and deposit-taking business,

Deutsche Bank posted a jump in first-quarter pre-tax profit on Thursday, underpinned by a solid performance from investment banking.