Credit Suisse 2Q Beat Expectations -- Earnings Review
Credit Suisse 2Q Beat Expectations -- Earnings Review
DJ Credit Suisse 2Q Beat Expectations -- Earnings Review
By Pietro Lombardi
Credit Suisse Group AG on Thursday delivered better-than-expected results for the second quarter. Here's what you need to know:
NET PROFIT: Net profit for the period rose 24% to 1.16 billion Swiss francs ($1.27 billion), the Swiss bank said, beating expectations of a net profit of CHF764 million, according to a consensus forecast provided by the bank.
REVENUE: Revenue rose 11% to CHF6.19 billion, above expectations of CHF5.61 billion.
WHAT WE WATCHED:
-PROVISIONS: The bank set aside CHF296 million in provisions against potential losses from borrowers, much lower than the CHF445 million analysts had forecast. In the same period last year, provisions were just CHF25 million.
-IBCM AND GLOBAL MARKETS: Pretax income rose sharply at the bank's global markets unit and at its investment banking and capital markets division.
-TARGETS: Credit Suisse cut its mid-term profitability target. The bank now targets a return on tangible equity of 10% to 12% in the medium term, having previously guided for a ROTE above 12%.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10
(END) Dow Jones Newswires
July 30, 2020 05:04 ET (09:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DJ Credit Suisse 2Q Beat Expectations -- Earnings Review
DJ Credit Suisse第二季度業績超出預期--財報回顧
By Pietro Lombardi
皮埃特羅·隆巴迪(Pietro Lombardi)
Credit Suisse Group AG on Thursday delivered better-than-expected results for the second quarter. Here's what you need to know:
瑞士信貸集團(Credit Suisse Group AG)週四公佈了好於預期的第二季度業績。以下是你需要知道的：
NET PROFIT: Net profit for the period rose 24% to 1.16 billion Swiss francs ($1.27 billion), the Swiss bank said, beating expectations of a net profit of CHF764 million, according to a consensus forecast provided by the bank.
淨利潤：根據該行提供的普遍預測，該季度淨利潤增長24%，至11.6億瑞士法郎(合12.7億美元)，超出淨利潤7.64億瑞士法郎的預期。
REVENUE: Revenue rose 11% to CHF6.19 billion, above expectations of CHF5.61 billion.
收入：收入增長11%，達到61.9億瑞士法郎，高於預期的56.1億瑞士法郎。
WHAT WE WATCHED:
我們觀看的內容：
-PROVISIONS: The bank set aside CHF296 million in provisions against potential losses from borrowers, much lower than the CHF445 million analysts had forecast. In the same period last year, provisions were just CHF25 million.
-撥備：銀行撥出2.96億瑞士法郎作為借款人潛在損失的撥備，遠低於分析師預測的4.45億瑞士法郎。去年同期，撥備僅為2500萬瑞士法郎。
-IBCM AND GLOBAL MARKETS: Pretax income rose sharply at the bank's global markets unit and at its investment banking and capital markets division.
-IBCM和全球市場：該行全球市場部門以及投資銀行和資本市場部門的税前收入大幅增長。
-TARGETS: Credit Suisse cut its mid-term profitability target. The bank now targets a return on tangible equity of 10% to 12% in the medium term, having previously guided for a ROTE above 12%.
--目標：瑞士信貸下調中期獲利目標。該行現在的目標是中期有形股本回報率為10%至12%，此前的指導是機械回報率高於12%。
Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10
寫信給Pietro Lombardi，電子郵件：pietro.lombardi@dowjones.com；@pietrolombard10
(END) Dow Jones Newswires
(完)道瓊通訊社
July 30, 2020 05:04 ET (09:04 GMT)
2020年7月30日東部時間05：04(格林威治時間09：04)
Copyright (c) 2020 Dow Jones & Company, Inc.
版權所有(C)2020道瓊斯公司。
譯文內容由第三人軟體翻譯。
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