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
- Cantwell Targets Gender Gap in Small-Business Loans
- Chrysler Gets Nod as a Top Employer for Hispanic Women
- Hispanic Entrepreneurs Set Pace in Florida
- Perry's Lawyers Try to Close Abuse Case
- South Korea's Kia to Invest $1 Billion in Mexico
- FBI Probes JPMorgan Hack
- What's the Law for Kids at Gun Ranges?
- Apple Loses Bid to Block Sales of 9 Samsung Phones
- Mario Lopez Inks New Clear Channel Deal
- Health-care Deal Aids Port Contract Talks