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% from 4.6 billion in the same quarter of last year. Earnings per share EPS, on a diluted basis, were 1.92, compared to a loss of 0.27 per share for the same period last year....
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