Deutsche Bank AG Reports 1Q Net Income of EUR575 Million
April 27 2017 - 1:55AM
Dow Jones News
By Jenny Strasburg
Deutsche Bank AG on Thursday reported net income of EUR575
million in the first quarter, compared to EUR236 million for the
same period last year.
The German lender said its first-quarter revenue was EUR7.3
billion, a 9% decrease from last year.
The results are Deutsche Bank's first since it completed an $8.5
billion capital increase earlier this month in conjunction with
strategic changes announced in March.
The fundraising, Deutsche Bank's third sale of new shares since
2013, put to rest many investors' immediate concerns about the
lender's capital buffers. The bank is also reuniting its
corporate-finance and deal-advisory business with its trading unit
under two investment-banking co-heads, less than two years after
splitting the businesses apart.
Write to Jenny Strasburg at jenny.strasburg@wsj.com
(END) Dow Jones Newswires
April 27, 2017 01:40 ET (05:40 GMT)
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