FRANKFURT, Germany (AP) _ Deutsche Bank AG (DB) on Wednesday reported net income of $1.21 billion in its first quarter.

The bank, based in Frankfurt, Germany, said it had earnings of 57 cents per share.

The bank posted revenue of $10.45 billion in the period. Its revenue net of interest expense was $8.72 billion, beating Street forecasts.

Deutsche Bank shares have risen 23% since the beginning of the year. The stock has more than doubled in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DB at https://www.zacks.com/ap/DB

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