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Credit Suisse earnings Q3 2021

A Credit score Suisse emblem within the window of a Credit score Suisse Group AG financial institution department in Zurich, Switzerland, on Thursday, April 8, 2021.

Stefan Wermuth | Bloomberg | Getty Photos

Credit Suisse has crushed analyst estimates for the third quarter, getting a lift from its wealth administration division, the financial institution stated on Thursday.

Web earnings attributable to shareholders got here in at 434 million Swiss Francs ($476 million) for the third quarter. Analysts had estimated a web earnings of 333.8 million Swiss francs for the interval, based on information from Refinitiv.

“Wealth Administration companies returned to strong web new property and better transaction revenues sequentially, whereas recurring commissions & charges and consumer enterprise volumes demonstrated robust 12 months on 12 months momentum,” the financial institution stated in its earnings launch.

Shares of the Swiss financial institution are down 12% year-to-date.

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