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.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.