Deutsche Bank Already on Track to Achieve 2025 Targets Following Record Q1

Morningstar DBRS has published a commentary on Deutsche Bank's Q1 2025 results.

Key highlights include:

-- Deutsche Bank AG posted its highest quarterly profit in 14 years in Q1 2025, placing the bank well in line to achieve its 2025 profitability and capital targets.
-- The bank showed strong revenue dynamics in all business lines, notably in investment banking, following high market volatility heightened by U.S. tariffs.
-- Improved operating efficiency on good cost discipline reflect the bank's ongoing optimisation efforts.
-- Higher loan loss provisions, mainly in Stage 1 and Stage 2 loans, can build up overlays amid the challenging geopolitical situation.

"We expect continued revenue growth and previous cost optimisation efforts to improve the Bank's profitability this year and provide leeway to navigate the challenging geopolitical environment." said Arnaud Journois, Senior Vice President, European Financial Institution Ratings. "This places DB in a good position to achieve its 2025 targets."