DB - Why Shares of Deutsche Bank Are Trading Higher Today
Shares of Deutsche Bank (NYSE: DB) were more than 10.7% higher as of 11:05 a.m. this morning after the investment bank reported its earnings results for the first quarter of the year.
The German bank reported a profit equivalent to roughly $1.2 billion in the first quarter of 2021 on total revenue equivalent to $8.7 billion, marking its best quarter in seven years and beating earnings estimates.
The investment bank division led the way, posting revenue equivalent to $3.7 billion due to an extraordinarily strong quarter in fixed-income currency sales and trading.
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Why Shares of Deutsche Bank Are Trading Higher Today