On Thursday, Credit Suisse Group AG (ADR) (NYSE:CS) reported that net profit for the second quarter rose nearly 33 percent on the year, on a rise in both stock and bond trading from its investment bank.
The Zurich-based bank beat analyst estimates with a 1.045 billion Swiss francs ($1.12 billion) net profit for the quarter, compared to 1.017 billion francs seen by analysts in a Reuters poll.
Higher revenues in the majority of investment banking businesses
Mirroring a strong performance by Wall Street rivals, Credit Suisse Group AG (ADR) (NYSE:CS) more than doubled pre-tax profits at its...
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