Credit Suisse swings to profit in Q3

Posted on: Fri, 23 Oct 2009 09:38:00 EDT


Symbols: CS
Oct 23, 2009 (Datamonitor via COMTEX) --
CS | Quote | Chart | News | PowerRating -- Credit Suisse Group has reported a net income attributable to shareholders of CHF2.35 billion, or CHF1.81 per diluted share, for the third quarter of 2009, compared to a net loss attributable to shareholders of CHF1.26 billion, or CHF1.22 per diluted share, for the third quarter of 2008.

Net revenues for the third quarter of 2009 increased 195% to CHF8.92 billion from CHF3.02 billion for the third quarter of 2008.

For the first nine months ended September 30, 2009, the company has reported a net income attributable to shareholders of CHF5.93 billion, or CHF4.59 per diluted share, compared to a net loss attributable to shareholders of CHF2.19 billion, or CHF2.31 per diluted share, for the first nine months ended September 30, 2008.

Net revenues for the first nine months of 2009 were CHF27.08 billion, up 98%, compared to CHF13.69 billion for the year-ago period.

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For full details on Credit Suisse Group (CS) CS. Credit Suisse Group (CS) has Short Term PowerRatings at TradingMarkets. Details on Credit Suisse Group (CS) Short Term PowerRatings is available at This Link.

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