on Thursday a 24% jump in second quarter net profits despite COVID-19 market volatility and "continued geopolitical difficulties."
On strong trading performance, the bank's net revenues jumped 11% to CHF 6.2 billion for the second quarter. Credit Suisse set aside CHF 296 million as a provision to cover bad loans related to the coronavirus crisis in the second quarter, in addition to the CHF 913 million announced in April. Profit attributable to shareholders:CHF 6.2 billion versus a 5.6 billionCHF estimate.As part of the earnings release, the bank's new chief executive Thomas Gottstein announced structural changes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse reports 24% rise in net profit as it merges its investment banking unitsCredit Suisse reported a 24% jump in net income from a year ago, despite a 'challenging economic environment.' The irony that this makes too much sense. In the Fed you can trust
Source: CNBC - 🏆 12. / 72 Read more »
Amazon q2 earnings preview - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Bezos grew a conscience, or just needs to offset some profits for tax purposes... he's still make $13B a day, so who cares 80,500,000,000,000,00$ on debt.. paid or government will take part of your business... Greeeeeeed and then suddenly do something good , in order not to look greedy🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »
24 Hours of Le Mans champion breaks down the world's most famous race - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple Q3 2020 earnings preview: Analysts look to iPhone 12 launch - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🍎 wins... Wait what? fyi eacarer
Source: BusinessInsider - 🏆 729. / 51 Read more »