UPDATE: Deutsche Bank Q1 Net Profit Drops 34%

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Deutsche Bank AG
DB
reported a 34% drop in its first-quarter net profit. The bank's profit declined to 1.10 billion euros ($1.52 billion), from a year-ago profit of 1.66 billion euros. However, analysts were expecting a profit of 981 million euros. Its net revenue slipped 11% to 8.39 billion euros. Deutsche Bank's core Tier 1 capital ratio shrank to 9.5% versus 9.7%. Deutsche Bank shares gained 3.19% to $44.58 in pre-market trading.
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Posted In: EarningsNewsprofit
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