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Credit Suisse Posts Higher Q1 Profit

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

Credit Suisse's quarterly net profit surged to CHF1.3 billion, versus CHF44 million, in the year-ago period.

Its revenue climbed 19% to around CHF7.2 billion. However, analysts were expecting a net profit of CHF1.2 billion on revenue of CHF7.4 billion.

Credit Suisse shares closed at $28.13 yesterday.

Posted-In: profitEarnings News

 

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