Deutsche Bank AG - Registered Shares

Strong Q1 Performance: Deutsche Bank reported revenues of €8.5 billion in Q1 2025, a 10% increase year-over-year (YOY) and demonstrating a solid trajectory towards the full-year revenue target of approximately €32 billion. The pretax profit rose by 39% YOY to €2.8 billion, with a net profit of €2 billion, resulting in a return on tangible equity (RoTE) of 11.9%.

Revenue Growth Prospects: The bank achieved a compound annual growth rate of 6.1% since 2021, falling within the target range of 5.5% to 6.5%. Q1's strong growth contributed €700 million towards the goal of €2 billion in incremental revenues by 2025, indicating a promising outlook for continued performance.

Challenges in FIC and Overall Market Volatility: Although the Fixed Income, Currencies and Commodities (FIC) business saw robust performance, there was a noted slowdown in activity during early April due to geopolitical instability and market turbulence. Credit segments were particularly impacted, raising concerns about short-term revenue volatility despite a strong recovery in the latter half of April.