(Bloomberg) -- Credit Suisse Group AG, the second- biggest Swiss bank, reported a slump in first-quarter earnings as a drop in debt trading weighed on investment-banking profit.

The stock tumbled as much as 2.8%in Swiss trading after Credit Suisse said net income fell 34% to 859 million francs ($976 million) from a year earlier, missing the 1.09 billion-franc estimate of analysts surveyed by Bloomberg.

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