Deutsche posts profit, but markets unimpressed

Deutsche Bank is profitable again thanks to earnings from debt sales and trading, resulting in Ackermann being asked to serve another three years. But markdowns continue to plague Germany's largest bank.

After reporting its first annual loss for more than 50 years in February, Deutsche Bank is back in the black, at least this quarter. Yesterday it reported a net income for the first quarter amounting to 1.2 billion $1.5 billion, beating consensus analyst expectations of 742 million. In the same period last year, it took a net loss of 141 million.
Germany's largest bank posted net revenues of 7.2 billion for the first quarter of 2009, up 56%...

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