Credit Suisse Group AG confirmed Tuesday that it is getting off to a strong start to the year, seeing the highest pretax profit in both January and February in a decade.
The Swiss bank investment bank business has been particularly stimulated by strong performance in capital market issuance activity and has seen good performance across sales and trade, he said. Revenue in the sector was up more than 50% to date compared to the same period the previous year.
The wealth management businesses have also benefited from year-on-year consumer activity.
The bank said net interest income was stabilizing and recovering from taxes and commission income continued to rise.
“Despite the Covid-19 pandemic, our credit loss experience remains unconventional,” said Credit Suisse, as signs of a global economic recovery were having a positive impact on loss preparations. loan.
The company had noticed a positive business development when they released fourth-quarter results in February. The results of the first quarter are expected to be published on 22 April.
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