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Credit Suisse Swings To Q4 Profit

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Credit Suisse AG (NYSE: CS) posted a profit in the fourth quarter.

Credit Suisse posted a quarterly net profit of CHF397 million, versus a year-ago net loss.

Its revenue climbed 29% to CHF5.8 billion. Credit Suisse raised its cost savings forecast to CHF4.4 billion, versus its earlier view of CHF4 billion by 2015.

Credit Suisse shares closed at $29.55 yesterday.

Posted-In: profitEarnings News

 

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