Credit Suisse set a positive tone for this quarter's European bank results ...
ZURICH - Credit Suisse set a positive tone for this quarter’s European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue.
Its Global Markets trading unit, the focus of much criticism in recent years, increased equity trading, with Chief Executive Tidjane Thiam saying Credit Suisse was “moving up the ranks in equities”. But a slide in its Asian unit brought overall group revenue from equities sales and trading down by 5 percent.
“Global Markets has been the main cause of consensus earnings downgrades over the past year and with these results has now shown signs of stabilizing,” Citi analysts said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Credit Suisse’s Revival Gathers Pace as Restructuring Bears FruitCredit Suisse reported its strongest quarterly profit in more than three years aided by its global markets and wealth management units, suggesting the Swiss bank’s three-year restructuring is starting to pay off.
Consulte Mais informação »
World shares fall as China stimulus worries offset upbeat Credit Suisse earningsWorld shares took a step back on Wednesday as signals that China has put broader...
Consulte Mais informação »
Credit Suisse explains how 'angry societies' have changed the worldFactors such as a nationalistic shift in government policies and the U.S. withdrawal from multilateral agreements have resulted in a paradigm shift in the world, says Lito Camacho, vice chairman at Credit Suisse Asia Pacific.
Consulte Mais informação »
Why Credit Suisse says tech stocks are actually defensive (hint: it’s the cash)Need to Know: 'Defensive' tech sits on more cash than nearly every other sector
Consulte Mais informação »
I have 26 credit cards and excellent credit. Here's the best advice I can give you on keeping up your score, no matter how many cards you haveNo need for perfect credit score: Having 'excellent credit' over 800 is more than enough to get the best interest rates and terms on a loan.
Consulte Mais informação »
Credit Suisse earnings: 749 million Swiss francs for Q1 net profit, vs 692 million Swiss francs expectedCredit Suisse produced another rise in net profit for the first quarter of 2019, its first period following the completion of its three-year restructuring plan.
Consulte Mais informação »
China’s “social credit” scheme involves cajolery and sanctionsSome people shrug it off, others worry
Consulte Mais informação »
7 Credit Cards To Get If You Love Free Money7 No-Fee Credit Cards To Get If You Love Free Money
Consulte Mais informação »
I have 26 credit cards. Here's the best advice I can give you on staying out of credit card debtI have 26 credit cards for myself and my business, and I use a four-step strategy to make sure credit card debt is never an issue.
Consulte Mais informação »
Venmo’s Latest Effort to Turn a Profit: Credit CardsExecutives at the digital payments company have been meeting with banks since last year to discuss issuing a Venmo-branded credit card. The PayPal-owned company is considering Synchrony Financial as its card-issuing partner.
Consulte Mais informação »
Credit Suisse’s Thiam needs more than self-helpThe Swiss bank’s profit rose in the first quarter, helped by falling costs. But a 4 pct revenue decline makes it harder for CEO Tidjane Thiam to hit his 10 pct return-on-equity target unless the top line recovers. That requires calm markets, and a more profitable investment bank.
Consulte Mais informação »