Investor Relations Third Quarter 2018 Results

Third Quarter 2018 Results

Credit Suisse Group presented its third quarter 2018 results on November 1.

  • Third quarter adjusted* pre-tax income of CHF 856 million, 38% higher than third quarter of 2017; strongest third quarter since 2014 on an adjusted* basis; reported pre-tax income of CHF 671 million, up 68%
  • Lowest quarterly adjusted* costs in last five years, on track to achieve our adjusted* operating cost base target of less than CHF 17 billion1 by end 2018; cumulative net cost savings of CHF 4 billion1 since end-2015, representing 96% of our total targeted cost savings
  • Tenth consecutive quarter of profit and eighth consecutive quarter of year-on-year profit increase, both on an adjusted* basis
  • Strong third quarter inflows in Wealth Management with CHF 10.3 billion of Net New Assets (NNA); total NNA for Wealth Management and Asset Management of CHF 14.8 billion for the quarter, up 29% year-on-year
  • Record Wealth Management AuM of CHF 785 billion, up 4% year-on-year; total AuM of CHF 1.4 trillion at the end of the third quarter, up 5%
   

* Refers to adjusted results, which are non-GAAP financial measures. For a reconciliation of the adjusted results to the most directly comparable US GAAP measures, see the Appendix to the Media Release
1 At constant 2015 FX rates

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 (0) 3333 00 97 85
  • US: 1 (917) 677 75 32

A recording of the presentation will be available about 2 hours after the event. The telephone replay function will be available for 10 days.

Conference IDs

  • Presentation to investors and analysts: 9285538
  • Presentation to the media: EN: 9374999 | DE: 6836687