Deutsche Bank posts seventh straight quarter of profit, warns of increasing cost pressures

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Deutsche Bank reported Wednesday a net profit of 1.06 billion euros ($1.13 billion) for the first quarter of the year.

Analysts had forecast a figure of 1.01 billion euros for the three-month period, according to data from Refinitiv.

On Mar. 11, Deutsche Bank said it would wind down its Russia operations — a major U-turn compared to its initial stance as war broke out in Ukraine. The German bank said it was joining a host of international peers in exiting the country in response to its invasion of Ukraine and resultant operational restrictions.

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