Deutsche Bank Profit Dives 33%

Deutsche Bank said business conditions worsened this month after first-quarter profit at Germany’s biggest bank dropped more than analysts expected following a charge from the sale of drugmaker Actavis Group hf.

Deutsche Bank declined the most in almost four months in Frankfurt trading after net income fell 33 percent to 1.38 billion euros ($1.82 billion) from a year earlier. That missed the 1.56 billion-euro average estimate of nine analysts surveyed by Bloomberg.

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