Deutsche Bank, Europe’s largest investment bank by revenue, said first-quarter profit declined less than expected as trading revenue exceeded analysts’ estimates.
Net income dropped 34 per cent to €1.08 billion in the three months through March from a year earlier, the Frankfurt-based company said in a statement on its website today. That compared with the €1.01 billion average of 10 analyst estimates compiled by Bloomberg.
Revenue from trading fixed income, currencies and other products...
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