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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 reported third-quarter net profit of 1.025 billion Swiss francs, a performance that was ahead of analysts" expectations.
The Swiss bank said net revenue was 6.54 billion Swiss francs, also ahead of market expectations.
Analysts had expected Credit Suisse to post a profit of 859 million Swiss francs for the quarter.
However, the bank said net new assets fell to 7.4 billion Swiss francs, down 8.6% from 8.1 billion Swiss francs at the end of the third quarter last year.
Credit Suisse has sought to streamline elements of its private banking business, and maintain a significant investment bank while adhering to relatively strict regulatory demands in Switzerland. The Zurich-based bank is also navigating out of a first half of the year that saw it reach costly resolutions to legal issues in the U.S., including a $2.6 billion settlement for aiding American tax evasion.
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