Credit Suisse Shares Drop After Earnings Miss Estimates

Credit Suisse Group AG (NYSE:CS) released its earnings report for the three months through September this morning before the market opened on Wall Street. The company showed net income of 454 million Swiss Francs, or around $509 million. the figure for income fell far short of what analysts were looking for from the investment bank, and shares tumbled in pre-market trading as a result. Analysts following Credit Suisse Group AG (NYSE:CS) were looking for income of 705 million Swiss Francs from today’s earnings report. The large miss was driven by a huge drop in revenue at the company’s investment banking business,…