Credit Suisse Q3 profit down, misses es­ti­mates

China Daily (Canada) - - BUSINESS -

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.

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