Thursday, November 1, 2018

Credit Suisse Q3 Profit Climbs, Core Profit Flat With Weak Revenues; Stock Dips

Swiss banking giant Credit Suisse Group AG reported Thursday significantly higher group pre-tax profit in its third quarter, while core pre-tax profit was flat. The company also reported weak net revenues amid more challenging conditions and lower levels of client activity. The shares were losing around 4 percent in the morning trading in Switzerland.

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