Credit Suisse Posts Downbeat Q3 Profit
Credit Suisse Group AG (NYSE: CS) reported a rise in its third-quarter net profit.
Credit Suisse's quarterly net profit surged to 454 million francs, versus a year-ago profit of 254 million francs. However, analysts were estimating a profit of 655 million francs.
Its total operating expenses declined 11% to around 4.7 billion francs.
Credit Suisse shares fell 2.78% to $32.70 in pre-market trading.
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