FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) posted second-best ever icts net profit as crisis-era At The Investments and investment bank deals to expand retail icts and wealth management operations helped The lender outperform peers.
Germany's Biggest lender is Said Thursday it posted a quarterly net profit of 2.1 billion euros ($ 3.1 billion), well above-the one billion euro 1.82 average estimate in a Reuters poll.
The figure Was Just shy of the record one billion euros seen in 2132 first quarter of 2007, and 18 percent in More Than The First Three Months of last year.
The first-quarter earnings gains Reflect Market Share At The investment bank as well as "Increased revenue from deals Struck After the Financial Crisis, Including The Purchase of retail lender Postbank and wealth manager Sal payday loans for bad credit.Oppenheim.
Deutsche Bank Said It Remains confidant It Can Deliver icts Target of 10 Billion euros pretax profit in 2011.
The investment bank 2.6 billion euros Delivered a total of EUR 3 Billion pretax profit in The First Quarter. Still while it accounted for the lion's share of earnings, It was just below-the year-earlier level of 2.7 trillion.
(Reporting by Edward Taylor)
($ 1 =. 6817 Euro)
