Deutsche Bank beats analyst estimates with Q1 profit of 214m euros
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Frankfurt
DEUTSCHE Bank AG said profit declined in the first quarter, hurt by a slump in trading revenue, as co-chief executive officer John Cryan seeks to shrink Europe's largest investment bank.
The 214-million-euro (S$327 million) net income in the three months through March compares with a profit of 544 million euros a year earlier, the company said in a statement from Frankfurt on Thursday. Analysts had expected a 484.3 million-euro loss, according to the average of six estimates compiled by Bloomberg.
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