Credit Suisse Group reported a surprise profit for Q3 2016, as it curbed expenses and sold a historic building, though investors were discouraged by the bank’s struggle to remain profitable amid an ongoing overhaul. Net revenue fell... The Swiss bank said its net income fell from €1.07 billion ($2 billion) in Q1 2016 to just over €1 billion.
Credit Suisse Group reported a surprise profit for Q3 2016, as it curbed expenses and sold a historic building, though investors were discouraged by the bank’s struggle to remain profitable amid an ongoing overhaul. The Swiss bank said its net income fell from €1.07 billion ($2 billion) in Q1 2016 to just over €1 billion.