logo
Share SHARE
FONT-SIZE Plus   Neg

Deutsche Bank Q1 Profit Dips - Quick Facts

German financial services giant Deutsche Bank (DB) posted a drop in first-quarter net income to 1.4 billion euros from 2.1 billion euros in the prior-year quarter, with quarterly earnings per share falling to 1.44 euros from last year's 2.13 euros a year ago.

The company stated, "We continue to pursue our strategy of reducing legacy risks and strengthening our capital position, as evidenced by our disposal of Actavis and ongoing progress on litigation issues."

In the Corporate & Investment Bank, net revenues slid 8% in the 2012 first quarter to 6.2 billion euros from 6.7 billion euros in the first quarter 2011.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
RELATED NEWS
Trade DB now with 
Follow RTT