Cost controls and investment-banking rebound drive growth
- Deutsche Bank reports higher profit for 1Q
- Profit boosted by cost controls and rebound in investment-banking revenue
- Net profit climbs 10% to EUR1.275 billion
- Revenue rises to EUR7.78 billion
- Investment-banking division sees a 13% jump in quarterly revenue
- Corporate and private banks report lower revenue
- Deutsche Bank committed to delivering on its 2025 goals
Deutsche Bank has reported a higher profit for the first quarter, driven by cost controls and a rebound in investment-banking revenue. The bank’s aftertax profit for the quarter was 1.45 billion euros ($1.55 billion), a 10% increase compared to the same period last year. Net profit climbed 10% to EUR1.275 billion, while revenue rose to EUR7.78 billion. The investment-banking division saw a 13% jump in quarterly revenue, while the corporate and private banks reported lower revenue. Deutsche Bank’s CEO, Christian Sewing, stated that this was the bank’s highest first-quarter profit since 2013 and reaffirmed the bank’s commitment to delivering on its 2025 goals.
Factuality Level: 9
Factuality Justification: The article provides a straightforward report on Deutsche Bank’s first-quarter performance, including key financial figures and statements from the bank’s Chief Executive. The information is clear, relevant, and based on factual data without any apparent bias or sensationalism.
Noise Level: 3
Noise Justification: The article provides a clear and concise overview of Deutsche Bank’s first-quarter performance, highlighting key financial metrics and factors contributing to the profit increase. It stays on topic without diving into unrelated territories. The information is supported by data and examples, such as specific figures on profit, revenue, and analyst forecasts. However, the article lacks in-depth analysis, accountability of powerful people, or exploration of long-term trends or antifragility. Overall, it presents relevant information but does not offer significant insights or critical examination.
Financial Relevance: Yes
Financial Markets Impacted: Deutsche Bank
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Deutsche Bank’s higher profit for the first quarter and its rebound in investment-banking revenue. There is no mention of an extreme event.
Public Companies: Deutsche Bank (DB)
Key People: Christian Sewing (Chief Executive)
Reported publicly:
www.marketwatch.com 
