Credit Suisse reaps $2.4b profit in Q3

ZURICH, Switzerland: Credit Suisse Group reported 2.4 billion Swiss franc ($2.4 billion) in net income during the third quarter yesterday as it continued strengthening its position following losses caused by the economic crisis.

The profit exceeds analysts' predictions and compares with a 1.26 billion franc loss during the same period a year ago.

The bank said its return on equity attributable to shareholders was 25.1 percent in the quarter and that it attracted total net new assets of 16.7 billion francs in the period.