FRANKFURT (Reuters) - Deutsche Bank (DE:DBKGn) expects to post a first-quarter net profit of about 200 million euros (£172.7 million), beating analysts' expectations of 29 million.
Germany's flagship lender, which on Thursday called off merger talks with peer Commerzbank (DE:CBKG), said that first quarter pretax earnings would amount to about 290 million euros, exceeding expectations of 260 million, but lagging the 432 million posted in the year-earlier period.
Revenues are expected to be 6.4 billion, including 3.3 billion in the Corporate & Investment Bank, with costs down to 5.9 billion and a Common Equity Tier 1 ratio of 13.7 percent at the end of the quarter, it said.
The bank is due to report detailed first quarter earnings on Friday.