Credit Suisse Group AG (CS) Q4 Profit Misses Forecast

Mani

Published onFebruary 6, 2014

Updated on May 13, 2021

Credit Suisse Group AG (ADR) (NYSE:CS) missed analysts’ estimates by reporting a marginal uptick in its fourth-quarter net profit on Thursday.

Credit Suisse Group AG (ADR) (NYSE:CS)'s net profit dropped after increased legal costs arising from U.S. probes into alleged tax evasion and the sale of mortgage-backed bonds.

Haunted by the past

Credit Suisse Group AG (ADR) (NYSE:CS)'s net income edged up marginally to 267 million francs ($295 million) against a 263 million francs profit a year ago and the 398 million-franc average estimate of 12 analysts surveyed by Bloomberg.

The...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Credit Suisse Group AG (CS) Q4 Profit Misses Forecast

Haunted by the past

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