Analysts expect big decline in profit at Credit Suisse

Article Abstract:

Credit Suisse Group is forecasted to post a drop of as much as 30% in its net profits for the 2001 second-quarter. The group is expected to post between one billion Swiss francs to 1.29 billion francs (657.8 million euros to 848.5 million euros) in net profits for the period.

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Credit Suisse swings to profit

Article Abstract:

Though new accounting methods have given Credit Suisse Group a net profit in the second quarter over a year-earlier loss, the banking group sees its profits down from the first quarter due to weak revenues at its investment division.

United States, Investment Banking and Securities Dealing, Strategy & planning, Investment Banking, Management dynamics, DEPOSITORY INSTITUTIONS, Securities issued, listed, Security brokers and dealers, INSURANCE CARRIERS, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Capital funds & cash flow, Management, Investment banks, Insurance industry, Accounting and auditing, Securities, CSR, Company sales and earnings, Company earnings/profit, Company business management, Company securities, Credit Suisse First Boston L.L.C., Aims and objectives, Winterthur Schweizerische Versicherungs Gesellschaft, Subsidiaries, divisions and units

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Credit Suisse warns of bumps ahead

Article Abstract:

Credit Suisse Group AG posted a drop of 23% in its profits for the 2001 second-quarter. The company is expecting to see even worse quarters in the future.

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