Credit Suisse Group AG (CS) said Friday that its second-quarter profit rose from a year earlier, as revenues increased slightly.
Credit Suisse posted net income of CHF303 million Swiss francs ($314 million) during the second quarter, compared with a year-earlier profit of 170 million francs. Analysts had forecast net income of 268 million francs. Revenue rose from CHF5.1 billion to CHF5.2 billion, in line with expectations.
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"We are now midway through the execution of our three-year strategic plan and our strategy is working: we are making good progress against our key objectives," Credit Suisse Chief Executive Tidjane Thiam said in a statement.
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(END) Dow Jones Newswires
July 28, 2017 01:17 ET (05:17 GMT)