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Credit Suisse Posts Lower Q1 Profit

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Credit Suisse Group AG (NYSE: CS) reported a drop in first-quarter profit.

Credit Suisse's quarterly profit slipped to 859 milion Swiss francs ($975.47 million), from a year-earlier profit of 1.3 billion francs.

Its net revenue declined 8% to 6.47 billion francs. However, analysts were projecting a profit of 1.13 billion francs.

Credit Suisse shares dropped 2.33% to $31.02 in pre-market trading.

Posted-In: profitEarnings News

 

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