• Revenues were up by 11% to CHF6.2bn, mainly due to an increase in trading revenues from CHF182m for Q2 19 to CHF1.25bn for Q2 20. • Net profit rose by 24% to CH1.16bn and was clearly above consensus expectations of CHF700m for Q2 20. • Net new money inflow was CHF9.8bn for Q2 20. • CS integrates again Global Markets, IB&CM and APAC Markets from August onwards to form a globally-integrated Investment Bank (IB) as it was until 2015.

30 Jul 2020
Strong Q2 results driven by trading but return of low profitable IB

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Strong Q2 results driven by trading but return of low profitable IB
Credit Suisse Group AG (CSX:ETR) | 0 0 1.1% | Mkt Cap: 44,500m
- Published:
30 Jul 2020 -
Author:
Dieter Hein -
Pages:
3 -
• Revenues were up by 11% to CHF6.2bn, mainly due to an increase in trading revenues from CHF182m for Q2 19 to CHF1.25bn for Q2 20. • Net profit rose by 24% to CH1.16bn and was clearly above consensus expectations of CHF700m for Q2 20. • Net new money inflow was CHF9.8bn for Q2 20. • CS integrates again Global Markets, IB&CM and APAC Markets from August onwards to form a globally-integrated Investment Bank (IB) as it was until 2015.