On Thursday, Credit Suisse Group AG (ADR) (NYSE:CS) reported that net profit for the second quarter rose nearly 33 percent on the year, on a rise in both stock and bond trading from its investment bank. The Zurich-based bank beat analyst estimates with a 1.045 billion Swiss francs ($1.12 billion) net profit for the quarter, compared to 1.017 billion francs seen by analysts in a Reuters poll. Higher revenues in the majority of investment banking businesses Mirroring a strong performance by Wall Street rivals, Credit Suisse Group AG (ADR) (NYSE:CS) more than doubled pre-tax profits at its investment banking division from a…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
