Credit Suisse Group Earnings: Here’s Why Shares are Down Now
Credit Suisse Group (NYSE:CS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.43%.
Credit Suisse Group Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 23.53% to $0.52 in the quarter versus EPS of $0.68 in the year-earlier quarter.
Revenue: Decreased 43.12% to $7.03 billion from the year-earlier quarter.
Key Stats (on next page)…