**↘️** **Meta Platforms (META)**: The Facebook parent reported record first-quarter revenue but spooked investors with forecasts of rising costs. Its shares tumbled in premarket trading. Shares of other social-media companies including **Snap (SNAP)**, which is due to post its own results Thursday, also fell.
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations. The quarter saw a reversal from 2023, with investment banking doing better than its bread-and-butter lending and deposit-taking business, which gained last year from higher interest rates that are now normalizing. Here are some highlights from the earnings of Germany’s biggest bank: + Net profit rose 10% to 1.45 billion euros, or about $1.55 billion, beating consensus forecasts for €1.38 billion.
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.