Deutsche Bank has reported a remarkable 39% jump in its first-quarter profit for 2025, significantly surpassing analyst expectations. The bank's net profit climbed to €1.78 billion ($2.03 billion), a notable increase from €1.28 billion during the same period last year, according to Reuters.
This surge is largely attributed to robust performance in its investment banking division, particularly through strong revenue growth in bond and currency trading amid volatile market conditions. The bank views this as a step towards achieving its 2025 targets, as part of a three-year strategic plan that is effectively coming to fruition.
Christian Sewing, the CEO of Deutsche Bank, expressed confidence in a recent statement, stating, "We are on track for delivery on all our 2025 targets." His remarks underscore the bank's commitment to its strategic objectives, reinforcing its strong operational performance in a stabilizing economic landscape.