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

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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.

 

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