11/4/2021, 6:48 AM (Source: TeleTrader)
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Credit Suisse posts Q3 revenue of $5.9 billion

Credit Suisse Group AG announced on Thursday that its revenue in the third quarter of 2021 increased by 5% on an annual basis to 5.43 billion Swiss francs (~$5.95 billion).

During the same period, the company's net income went down by 21% to approximately $475 million, while its basic earnings per share for the three months stood at 0.16 Swiss francs (~$0.18), down compared to the same quarter of 2020, when the EPS was 27% lower.

"Our objectives are clear: we want to become a stronger, more customer-centric bank that puts risk management at the very core of its DNA to deliver sustainable growth for investors, clients and colleagues," CEO Thomas Gottstein said.

Baha Breaking News (BBN) / NL