Credit Suisse Q1 Net Profit Surges

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Credit Suisse Group AG (ADR)CS
reported a rise in its net profit for the first quarter. Credit Suisse posted a quarterly net profit of 1.1 billion Swiss francs ($1.18 billion), versus a year-ago profit of 859 million francs. Analysts were expecting a profit of 1.034 billion francs. Its net revenue gained 3 percent to 6.67 billion francs. Sales of bonds gained 9 percent, while sales of shares climbed 11 percent. Credit Suisse shares fell 2.44 percent to $26.44 in pre-market trading.
Posted In: EarningsNewsprofit
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