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Third quarter 2019 results

On October 30, 2019, Credit Suisse Group presented its third quarter 2019 results to investors and analysts as well as to media.

  • Group pre-tax income of CHF 1.1 billion in 3Q19, up 70% year on year; Group net income1 of CHF 881 million, up 108% year on year
  • Group Return on Tangible Equity (RoTE) of 9% in 3Q19, up from 4.5% in 3Q18; includes gain on InvestLab transfer partially offset by accounting volatility from structured notes
  • Tangible book value per share of CHF 16.24; tangible book value increased by CHF 1.2 billion in 9M19
  • Record CHF 72 billion of Net New Assets (NNA) across the Group for 9M19, including CHF 12.8 billion of NNA in 3Q19
  • Delivering growth in a challenging market environment; Wealth Management businesses2  generated 12% increase in transaction and performance-based revenues in 3Q19, stable net interest income and recurring commissions & fees compared to 3Q18

1 Net income attributable to shareholders
2 Relating to the combined revenue results of SUB, IWM and APAC PB within WM&C

 

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