Deutsche Financial institution swings to Q1 revenue on funding financial institution energy By Reuters

© Reuters. FILE PHOTO: The brand of Deutsche financial institution is seen in Hong Kong FRANKFURT (Reuters) – Deutsche Financial institution (DE:) swung to better-than-expected internet revenue within the first quarter of 2021 as energy on the funding financial institution helped offset the headwinds of an ongoing restructuring program and the coronavirus pandemic. The German



© Reuters. FILE PHOTO: The brand of Deutsche financial institution is seen in Hong Kong

FRANKFURT (Reuters) – Deutsche Financial institution (DE:) swung to better-than-expected internet revenue within the first quarter of 2021 as energy on the funding financial institution helped offset the headwinds of an ongoing restructuring program and the coronavirus pandemic.

The German lender stated on Wednesday that its internet revenue attributable to shareholders was 908 million euros ($1.10 billion), which compares with a year-earlier lack of 43 million euros. Analysts had anticipated a revenue of virtually 600 million euros.

It was the strongest quarter for Deutsche in years, as income at its fixed-income buying and selling enterprise and origination and advisory providers surged, tendencies which have additionally lifted income of competing banks.

($1 = 0.8282 euros)

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