• Net result attributable to shareholders was a loss of CHF2.0bn for Q4 21 compared to a loss of CHF353m for Q4 20, which is worse than our expectations.
• Q4 21 figures were impacted by a goodwill impairment (DLJ) of CHF1.6bn and some legacy items of CHF0.4bn as announced before.
• Net new money inflow was CHF31bn for 2021.
• FY2022 will be a transition year for Credit Suisse, which is affected by restructuring costs and higher compensation costs.
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Bad set of Q4 21 figures, worse than expected
- Published:
10 Feb 2022 -
Author:
Dieter Hein -
Pages:
3
• Net result attributable to shareholders was a loss of CHF2.0bn for Q4 21 compared to a loss of CHF353m for Q4 20, which is worse than our expectations.
• Q4 21 figures were impacted by a goodwill impairment (DLJ) of CHF1.6bn and some legacy items of CHF0.4bn as announced before.
• Net new money inflow was CHF31bn for 2021.
• FY2022 will be a transition year for Credit Suisse, which is affected by restructuring costs and higher compensation costs.