Market Overview

Credit Suisse Posts Downbeat Q3 Profit

Share:
Related CS
Watch These 7 Huge Call Purchases In Friday Trade
5 Stocks With Potential To Rally 12% Or More, According To Analysts
M&A Target Pops Over 50% - What Next? (Seeking Alpha)

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.

Posted-In: profitEarnings News

 

Related Articles (CS)

View Comments and Join the Discussion!