First quarter 2019 results
On April 24, 2019, Credit Suisse Group presented its first quarter 2019 results to investors and analysts as well as to the media.
Driving net income higher despite challenging environment and strong first quarter 2018
First quarter 2019 highlights:
- Net income attributable to shareholders of CHF 749 million, the highest quarterly profit since 3Q15
- Group reported pre-tax income of CHF 1.06 billion, tenth consecutive quarter of year on year profit growth, reflecting a business mix that continues to perform well in challenging market conditions
- Continued inflows of assets with total Wealth Management Net New Assets (NNA) of CHF 9.6 billion, representing an annualised growth rate of 5% for the quarter. Record Wealth Management Assets under Management (AuM) of CHF 786.1 billion at quarter-end
- Strong total NNA, with CHF 35.8 billion in the first quarter, including CHF 27.6 billion in Swiss Universal Bank Corporate & Institutional Clients; total AuM of CHF 1.43 trillion, up 6% from the previous quarter-end