Second quarter 2019 results
On July 31, 2019, Credit Suisse Group presented its second quarter 2019 results to investors and analysts as well as to the media.
Continued improvement in operating performance with net income of CHF 937 million, up 45% year on year, and increased RoTE at 10%
- Group Return on Tangible Equity (RoTE)1 significantly higher year on year at 10%, versus 8% for 1Q19 and 7% for 2Q18
- Returned CHF 1.3 billion of capital to shareholders, including CHF 570 million worth of shares repurchased year to date and payment of 2018 dividend of CHF 695 million
- Group net income attributable to shareholders of CHF 937 million, up 45% year on year, and Group pre-tax income (PTI) of CHF 1.3 billion, up 24% year on year
- CHF 9.5 billion of Wealth Management Net New Assets (NNA) added in 2Q19 after CHF 9.6 billion in 1Q19, and record Assets under Management (AuM) of CHF 797 billion
1 RoTE figures are rounded up or down to the nearest whole number