Credit Suisse has beaten analyst estimates for the third quarter, getting a boost from its wealth management division.
A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021.has beaten analyst estimates for the third quarter, getting a boost from its wealth management division, the bank said on Thursday.
Net income attributable to shareholders came in at 434 million Swiss Francs for the third quarter. Analysts had estimated a net income of 333.8 million Swiss francs for the period, according to data from Refinitiv. "Wealth Management businesses returned to robust net new assets and higher transaction revenues sequentially, while recurring commissions & fees and client business volumes demonstrated strong year on year momentum," the bank said in its earnings release.This is a breaking news story, please check back later for more.
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