Deutsche Bank Hits Decade High as Sewing’s Strategy Pays Off (2)

Deutsche Bank AG’s shares rose to the highest in a decade after reporting better-than-expected trading results, as Germany’s largest bank continues its recovery under Chief Executive Officer Christian Sewing.

Income from trading bonds and currencies rose 11% to €2.28 billion ($2.7 billion) from a year earlier, beating analyst estimates for revenue of €2.20 billion and mirroring a strong performance across Wall Street. The shares rose as much as 9.9%, to the highest since April 2015.

Chief Financial Officer James von Moltke told Bloomberg Television the entire investment bank division has had a “good start” to the current quarter. ...