Credit Suisse Posts Q4 Profit

Loading...
Loading...
Credit Suisse Group AGCS
posted a profit in the fourth quarter. Credit Suisse posted a quarterly profit of 921 million Swiss francs ($990.8 million), versus a year-ago loss of 476 million francs. Its net revenue climbed 8% to around 6.4 billion francs. Analysts were estimating a profit of 738 million francs. Pretax profit at its investment bank came in at 12 million francs. Revenue from fixed-income trading dipped 18% to 610 million francs and equities revenue surged 13% to 1.19 billion francs. Credit Suisse's private banking and wealth management division posted pretax earnings of 882 million francs, compared to 424 million francs in the year-ago period. Credit Suisse shares rose 0.05% to $21.42 in after-hours trading.
Posted In: EarningsNewsprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...