Credit Suisse reports Q1 revenue of $20.7B - Breaking The News

Credit Suisse reports Q1 revenue of $20.7B

24 April

1 min read

EPA-EFE/MICHAEL BUHOLZER

Credit Suisse Group AG posted on Monday its first-quarter net revenues of $20.7 billion (18.5 billion Swiss francs), soaring 319% compared to the same quarter in 2022. Net income rose to $13.9 billion (12.4 billion Swiss francs) compared to a loss of $305 million (273 million Swiss francs) in the same period last year. Net asset outflows were "significant, in particular in the second half of March," amounting to $68.6 billion (61.2 billion Swiss francs).

The bank said its performance was mostly impacted by actions "leading up to and stemming from" the planned merger with UBS Group AG, announced on March 19. It said it will "work closely with UBS to ensure that the transaction is completed in a timely manner."

earnings credit suisse

Related Stocks

Credit Suisse Group

Blackberry's Q4 revenue down 7% to $141.7M

2 April

BlackBerry Ltd. announced on Wednesday that its revenue in the fourth quarter of fiscal 2025 dropped by 7% on an annual basis to reach $141.7 million, exceeding analysts' expectations.The Canadian software company's net loss came in at $7.4 million in the reported quarter, improving by 86.8% year-on-year, while its diluted loss per share amounted to $0.01 in the fourth quarter, compared to $0.10 from the same period in the previous year. For...

GameStop's Q4 sales down 28.5% to $1.28B

25 March

GameStop Corp. revealed on Tuesday that its net sales in the fourth quarter of its fiscal 2024 plunged by 28.5% compared to the same period a year before, to land at $1.28 billion. On the other hand, the company's net income doubled to $131.3 million, while its diluted earnings per share (EPS) stood at $0.29 from the previous year's same quarter's $0.21.In the full fiscal 2024, GameStop's net sales declined by 27.5% to $3.82 billion, while its diluted EPS for the...

NIO's Q4 revenue up by 15.2% to $2.7B

21 March

Chinese automobile manufacturer NIO Inc. said on Friday that its revenue jumped 15.2% year on year to reach 19.7 billion yuan (~$2.7 billion) in the fourth quarter of fiscal 2024. The company also reported a net loss of 7.1 billion yuan ($974 million) for the three months, up 32.5% in comparison to the loss reported in the corresponding quarter a year before.The Shanghai-based automaker's sales reached 17.5 billion yuan ($2.4 billion) in the fourth quarter,...

Nike's Q3 revenues down 9% to $11.3 billion

20 March

Nike Inc. revealed on Thursday that its revenues in the third quarter of its fiscal 2025 landed at $11.3 billion, falling by 9% on an annual basis, but surpassing analyst's estimates.In the reported trimester, net income plunged 32% year over year, coming in at $794 million. Meanwhile, earnings per diluted share amounted to $0.54, nosediving 30% compared to the same three-month period a year prior. Sales in China fell by 17%, in North America by 4%, and in...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.