Credit Suisse Group AG (ADR) (NYSE:CS) unveiled its third-quarter results Thursday, highlighting that its third-quarter profit beat analyst estimates in more than doubling to 1.025 billion Swiss francs. At the end of the quarter, the core tier one capital ratio of Switzerland’s second-biggest bank stood at 9.8%. Strong show by investment banking Credit Suisse Group AG (ADR) (NYSE:CS)’s net profit for the July-September quarter was 1.025 billion Swiss Francs ($1.073 billion), against the average 810 million Swiss francs forecast by analysts in a Reuters pool. Its second quarter witnessed a steep loss after the banking group was forced to pay…
Credit Suisse Group AG Profits Beat Forecast; But Cautious Near-Term
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports