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Credit Suisse second-quarter profit beats poll estimate

Thursday, July 23, 2015 - 12:55
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Credit Suisse on Thursday posted second-quarter profit ahead of expectations in a Reuters poll.

[ZURICH] Credit Suisse on Thursday posted second-quarter profit ahead of expectations in a Reuters poll.

For the three months to June 30, Zurich-based Credit Suisse said net income stood at 1.1 billion Swiss francs (S$1.57 billion), compared to the average forecast of 783 million francs in the poll of analysts.

In the same quarter last year, the bank posted a 700 million franc loss due to penalties from a May, 2014 settlement with US authorities over tax evasion charges.

REUTERS