Deutsche Bank on Tuesday became the latest global banking giant to post a strong first quarter, saying it swung to a net profit of €1.19bn ($1.54bn), as overall net revenue rose and its investment bank posted strong results.

Deutsche Bank also said it hit its target of a 25% pretax return-on-equity in the quarter, excluding some special effects. The bank targets a sustainable pretax RoE of 25% over the banking cycle. It also said its "capital position remains very solid" and its liquidity position "strong."