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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Credit Suisse Group | NYSE:CS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.8858 | 0 | 01:00:00 |
From May 2019 to May 2024
ZURICH—Credit Suisse Group AG posted a second-quarter net profit of 170 million Swiss francs ($172.48 million) on Thursday, as the Swiss bank's net revenue fell 16%.
The surprise profit was a rare upbeat note for Zurich-based Credit Suisse, which is in the midst of an extensive overhaul designed to cut back on investment banking and expand wealth management that began last October. The bank reported 5.47 billion francs in net revenue for the period.
Analysts had expected a net loss of 37 million francs, and 5.17 billion francs in net revenue.
Credit Suisse said its net new assets in the quarter were 12.1 billion francs. The bank's key capital ratio was 11.8%, Credit Suisse said.
Write to John Letzing at john.letzing@wsj.com
(END) Dow Jones Newswires
July 28, 2016 01:15 ET (05:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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