Credit Suisse 2Q Profit Rises
July 28 2017 - 1:32AM
Dow Jones News
By Brian Blackstone
ZURICH--Credit Suisse Group AG (CS) said Friday that its
second-quarter profit rose from a year earlier, as revenues
increased slightly.
Credit Suisse posted net income of CHF303 million Swiss francs
($314 million) during the second quarter, compared with a
year-earlier profit of 170 million francs. Analysts had forecast
net income of 268 million francs. Revenue rose from CHF5.1 billion
to CHF5.2 billion, in line with expectations.
"We are now midway through the execution of our three-year
strategic plan and our strategy is working: we are making good
progress against our key objectives," Credit Suisse Chief Executive
Tidjane Thiam said in a statement.
Write to Brian Blackstone at brian.blackstone@wsj.com
(END) Dow Jones Newswires
July 28, 2017 01:17 ET (05:17 GMT)
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