Net profit attributable to shareholders was 1.158 billion euros ($1.28 billion). That compares with profit of 1.060 billion euros a year earlier, and it is better than analyst expectations for a profit drop to around 977 million euros. ($1 = 0.9050 euros) (Reporting by Tom Sims and Marta Orosz Editing by Miranda Murray)
FRANKFURT, April 27 (Reuters) - Deutsche Bank posted a better-than-expected 9% rise in first-quarter profit as
income from higher interest rates offset a slump in revenues at
the investment bank, figures on Thursday showed.
The bank also flagged job cuts in non-client facing staff as
it reported a steep drop in investment banking revenue that was
worse than expectations.
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