UPDATE: Deutsche Bank Q1 Net Profit Drops 34%


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Deutsche Bank AG (NYSE: 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.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: EarningsNewsprofit