(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.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access