Credit Suisse - Credit Suisse first quarter 2015 results Dienstag, 21. April 2015 - 06:31

Strong and consistent performance in 1Q15 and progress on strategic initiatives

Credit Suisse Group's First Quarter 2015 Results

		Reported net income of CHF 1.1 billion, up 23% year-on-year
		Strong performance from Wealth Management Clients with improved margins and profits
		Consistent strategic returns in Investment Banking; sales and trading benefitted from increased market volatility
		Further significant leverage reduction; on track to meet targets
		Limited impact from changed currency and interest rate environment post SNB announcement due to mitigating actions and improved market activity

Credit Suisse delivered a strong and consistent performance in 1Q15. Private Banking & Wealth Management results benefitted from a particularly strong performance in Wealth Management Clients. Investment Banking results reflected increased sales and trading revenues, while underwriting and advisory businesses had a slow start to the year.
Brady W. Dougan, Chief Executive Officer, said: “We delivered another quarter of strong and consistent performance. Wealth Management Clients generated a particularly strong result, with improved margins, increased profitability and good net asset inflows from key growth regions. In our well-diversified Investment Banking franchise, we achieved consistent strategic results and reported a return on regulatory capital of 19%, despite further significant deleveraging.”
“Our swift and proactive response to the changed currency and interest rate environment post the Swiss National Bank’s announcement, combined with an improvement in market activity, mitigated the impact on our results and led to higher revenues in our Wealth Management Clients business.”
“Looking at the second quarter to date, the momentum in the businesses has carried over from the first quarter, with an improving trend in underwriting and advisory. We remain committed to our capital and leverage goals and expect to make further progress in executing our strategic initiatives over the balance of 2015.”

Read the full Earnings release including quantative disclosures

Read the full Media release

Presentation of Results

Tuesday, April 21, 2015

Time
09:00 CEST / 08:00 BST / 03:00 EDT

Speakers
Brady W. Dougan, Chief Executive Officer of Credit Suisse Group
David Mathers, Chief Financial Officer of Credit Suisse Group
(The presentations will be given in English.)

Webcast
www.credit-suisse.com/results

Kind regards,

Credit Suisse AG
Investor Relations
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CH-8045 Zurich

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Fax +41 44 333 59 93