23.10.2014 - Credit Suisse Group increased its profit
Credit Suisse Group published a report for the 3rd quarter according to which profits rose to 1.03 billion Swiss francs. Swiss bank increased its income from asset management and debt-trading. Revenue rose to 6.54 billion Swiss francs, which is 20% more than in the previous period. Operating expenses decreased by 3%. Given the strong position of the bank on the market and a significant increase in profit from operations with securities with fixed income, we expect growth in stock price in the medium term. Despite this in the near future we do not recommend to buy the bank's shares in connection with a possible fall on stock markets.