Quote from ASusilovic:
Here is the explanation for yesterday's "miracle" :
Deutsche Bank AG, Germanyâs biggest bank, said first-quarter profit rose 48 percent, surpassing analystsâ estimates, on gains at the investment bank.
Net income rose to 1.76 billion euros ($2.35 billion) from 1.19 billion euros in the year-earlier period, the Frankfurt- based bank said a statement today. Earnings beat the 1.33 billion-euro average forecast of analysts surveyed by Bloomberg.
That's what I like about banks - trading IN FRONT OF THEIR OWN numbers...![]()