News Formal

Credit Suisse earnings: 749 million Swiss francs for Q1 net profit, vs 692 million Swiss francs expected

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Credit Suisse produced another rise in net profit for the first quarter of 2019, its first period following the completion of its three-year restructuring plan.

div > div.group > p:first-child"> The results come after the Swiss bank swung back to profit in 2018 for the first time in four years.

"Having cleaned the balance sheet, dealt with the main legacy issues, it is about to grow and stay close to our clients," Tidjane Thiam, chief executive officer of Credit Suisse told CNBC back in February. At the time, Thiam warned that different political issues, including Brexit and the U.S.-Sino trade war, were raising uncertainties about the coming months. Shares of Credit Suisse are down about 17% over the last 12 months.

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:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Credit Suisse says tech stocks are actually defensive (hint: it’s the cash)Need to Know: 'Defensive' tech sits on more cash than nearly every other sector lmfao
Source: MarketWatch - 🏆 3. / 97 Read more »

3 reasons you should never put personal purchases on a business credit cardYou should always keep your personal expenses and business expenses separate and here's why.
Source: BusinessInsider - 🏆 729. / 51 Read more »