Second quarter 2020 results
On July 30, 2020, Credit Suisse Group presented its second quarter 2020 results to investors and analysts as well as to media.
Highest first-half net income of CHF 2.5 billion in a decade1
- 2Q20 pre-tax income of CHF 1.6 billion, up 19% year on year; net income attributable to shareholders of CHF 1.2 billion, up 24% year on year; net revenues of CHF 6.2 billion, up 11% year on year
- 2Q20 Return on Tangible Equity (RoTE) of 11.0%
- 1H20 pre-tax income of CHF 2.8 billion, up 16% year on year; net income attributable to shareholders of CHF 2.5 billion, up 47% year on year; net revenues of CHF 12 billion, up 9% year on year
- 1H20 RoTE of 12.0%
- CET1 ratio of 12.5% in 2Q20, up from 12.1% at the end of 1Q20, and Tier 1 leverage ratio of 6.2%2 in 2Q20, up from 5.8% at the end of 1Q20
- Total Assets under Management (AuM) were CHF 1.4 trillion at the end of 2Q20
- Net New Assets (NNA) were CHF 9.8 billion for 2Q20, up compared to CHF 5.8 billion in 1Q20; NNA were CHF 15.6 billion for 1H20
1 Refers to net income attributable to shareholders
2 Including cash held at central banks, our Tier 1 leverage ratio would have been 5.5% for 2Q20 and 5.3% for 1Q20