Credit Suisse Group AG’s third-quarter net profit more than doubled on the back of strong results in global markets and the sale of a fund platform, though results in its core wealth management units were weaker. Net profit for the period rose to 881 million Swiss francs ($887 million) from 424 million francs a year ago. Revenue grew 9% to 5.3 billion francs. Excluding the sale of its fund platform, revenues rose 2% and pretax income rose 21%.

Source: Wall Street Journal October 30, 2019 11:48 UTC