Credit Suisse 2Q Net Up 3.6%

Date : 07/18/2012 @ 2:00AM
Source : Dow Jones News
Stock : Credit Suisse Grp. American Depositary Shares (CS)
Quote : 15.08  0.0 (0.00%) @ 6:26AM

Credit Suisse 2Q Net Up 3.6%

Credit Suisse Grp. American Depositary Shares (NYSE:CS)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Credit Suisse Grp. American Depositary Shares Charts.

ZURICH--Credit Suisse Group (CS) said Wednesday its second-quarter net profit rose 3.6% from a year earlier, and it is planning to increase its capital by 15.3 billion Swiss francs ($15.6 billion).

The bank said its net profit attributable to shareholders rose to CHF815 million in the second quarter from CHF787 million a year earlier. It also said the CHF15.3 billion capital addition includes an immediate amount of CHF8.7 billion.

"Unquestioned capital strength is of paramount importance to the group," Chairman Urs Rohner said. "Given the current environment, we decided to accelerate the implementation of our capital plans in a manner which eliminates any doubts raised by the 2012 SNB Financial Stability Report."

The Swiss National Bank in June published its periodic financial-stability report, singling out Credit Suisse as needing more capital.

Write to Marta Falconi at marta.falconi@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


Latest CS Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.