Investor Relations Second Quarter 2018 Results

Second Quarter 2018 Results

On July 31, 2018, Credit Suisse Group presented its second quarter 2018 results to investors and analysts as well as to media representatives. 

  • 2Q18 adjusted* PTI +88% YoY to CHF 1.3 billion
  • Highest adjusted* PTI in 12 quarters
  • Continued client-led growth in Wealth Management: NNA of CHF 23.5 billion for 1H18
  • Seven successive quarters of positive operating leverage, with Group 2Q18 net revenues up 7% and adjusted* total operating expenses down 5% year on year
  • SRU already below end-2018 RWA1 and leverage exposure target levels
  • Group adjusted* pre-tax income of CHF 2.5 billion in 1H18, up 58% year on year; Group reported pre-tax income of CHF 2.1 billion, up 68% year on year
  • Wealth Management 1H18 NNA of CHF 23.5 billion; annualized NNA growth rate of 6%; record AuM of CHF 784 billion at higher profit margin

* Refers to adjusted results. Adjusted results are non-GAAP financial measures. For a reconciliation of the adjusted results to the most directly comparable US GAAP measures, see the Appendix of this Media Release.
1 Excluding operational risk of CHF 19 billion in 1H15 and CHF 11 billion in 1H18.

Webcast Replay

  • Presentation to investors and analysts / Q&A (English)
  • Presentation to the media (English | German)

Telephone Conference Replay

  • Switzerland: +41 44 580 40 26
  • Europe: +44 3333 00 97 85
  • USA: +1 917 677 75 32

The telephone replay function will be available for 10 days.

Conference IDs

  • Presentation to investors and analysts: 1597206
  • Presentation to the media: EN: 8497606 | DE: 1248555