Deutsche Bank reported a record net profit of €1.3 billion for the first quarter of 2026, surpassing analyst expectations. The result was driven by a 15% increase in investment banking revenue, particularly in fixed-income and advisory services.
The bank confirmed its 2026 targets, including a return on tangible equity (RoTE) of over 10% and cost-income ratio below 62.5%. CEO Christian Sewing stated the results reflect successful restructuring and cost discipline.
Net revenue rose 8% year-on-year to €7.8 billion, with provisions for credit losses remaining low at €0.4 billion. The common equity tier 1 (CET1) ratio stood at 13.8%, well above regulatory requirements.
Deutsche Bank shares gained 2.3% in Frankfurt trading following the announcement. Analysts at JPMorgan noted the results were 'solid' but cautioned about ongoing litigation costs.
