Credit Suisse posts a 69% jump in annual net profit

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In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This timely piece by Silvia Amaro published on CNBC reports that Credit Suisse’s latest numbers came in above expectations amidst the fact that CEO Tidjane Thiam is leaving the top position. Read on.

Credit Suisse beat market expectations with its latest earnings on Thursday, posting a 69% increase in annual net income despite the spying scandal that emerged during 2019.

The Swiss lender reported a net income of 3.4 billion Swiss francs ($3.48 billion) for 2019. For the final quarter of the year, the Swiss bank posted a net income of 852 million Swiss francs.

Analysts had estimated a net income of 838.5 million Swiss francs for the fourth quarter and 3.2 billion Swiss francs for the year.”

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