• Net profit declined by 38% to CH546m in Q3 20 which was 5% below consensus expectations, but adjusted profit was up by 41%.
• Q3 19 benefited from InvestLab´s evaluation gain of CHF329m whereas other “significant” items burdened the Q3 20 by around CHF360m .
• Net new money inflow was CHF18bn for Q3 20.
• Credit Suisse intends to restart share buybacks of up to CHF1.5bn in January 2021.
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Mixed Q3 20 figures impacted by “significant” items
- Published:
29 Oct 2020 -
Author:
Dieter Hein -
Pages:
3
• Net profit declined by 38% to CH546m in Q3 20 which was 5% below consensus expectations, but adjusted profit was up by 41%.
• Q3 19 benefited from InvestLab´s evaluation gain of CHF329m whereas other “significant” items burdened the Q3 20 by around CHF360m .
• Net new money inflow was CHF18bn for Q3 20.
• Credit Suisse intends to restart share buybacks of up to CHF1.5bn in January 2021.