Deutsche Bank reported a record net profit of €1.8 billion for the first quarter of 2026, surpassing analyst expectations and confirming the bank's trajectory toward its 2026 strategic targets. The result was driven by a 15% increase in investment banking revenue, particularly in fixed-income and advisory services.
The bank's CEO, Christian Sewing, stated that the strong performance reflects the successful execution of the bank's transformation plan, which includes cost-cutting measures and a focus on core businesses. Net revenue rose to €7.8 billion, up 8% from the same period last year.
Deutsche Bank also reported a return on tangible equity (RoTE) of 10.2%, exceeding its full-year target of 9-10%. The bank's common equity tier 1 (CET1) ratio stood at 14.5%, well above regulatory requirements.
Analysts noted that the results were bolstered by a favorable interest rate environment and robust client activity. However, the bank cautioned that geopolitical uncertainties and potential regulatory changes could impact future performance.
