Deutsche Bank surprised markets on Monday by
unveiling plans to boost its balance sheet by raising 2.8 billion
euros (3.7 billion dollars) through a capital increase and a strong
gain in first-quarter profit.
Germany's biggest bank said net profit rose by about 20 per cent to 1.66 billion euros during the first three months of the year from 1.4 billion euros in the same period in 2012.
Deutsche had been expected to released its latest results on Tuesday.
The group said first-quarter profit before tax also posted a surprise 28-per-cent rise, climbing to 2.414 billion euros from 1.88 billion euros in the corresponding period of 2012. Analysts had forecast a fall to 1.79 billion euros.
Deutsche plans to issue 90 million new shares under the planned capital increase.
The stock "will be placed with institutional investors by way of an accelerated book-build offering," it said.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Will Missing Malaysian Jet Prompt Aviation System Change?
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Natural Gas Discovery Could Lead to Cleaner Fuels