Market Overview

Credit Suisse Posts Lower Q1 Profit

Related CS
ZAIS Financial Corp. Announces $100M Credit Suisse Loan Repo Facility
Worst Performing Industries For August 11, 2014
Yodle Faces Hurdles in Bid to Conquer Local Ad Market (Fox Business)

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


Most Popular

Related Articles (CS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters