Credit Suisse earnings Q3 2021


A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021.

Stefan Wermuth | Bloomberg | Getty Images

Credit Suisse has beaten analyst estimates for the third quarter, but took a hit from charges settling allegations of corruption in Mozambique and other legal issues.

The Swiss bank also revealed that it expects to report a net loss in the final quarter of 2021 and said it plans to scale back its investment banking operations.

Credit Suisse said Thursday that net income attributable to shareholders came in at 434 million Swiss francs ($476 million) for the third quarter, above analyst estimates of 333.8 million Swiss francs…

Source cnbc.com

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