Credit Suisse Q3 profit down, misses estimates
Zurich, Switzerland-based investment bank Credit Suisse Group AG reported a 24 percent drop in its third-quarter profit that missed analysts’ estimates. The drop was bigger than expected. Net income decreased to 779 million Swiss francs ($815 million) from 1.03 billion francs a year earlier. The average estimate of seven analysts in a Bloomberg survey was for 858 million francs.