Credit Suisse AG’s pre-tax income increase by 40% in 2019

Credit Suisse AG (LON: 14NW) has released its 4Q19 Earnings Release on Form 6-K.

  • For the full-year 2019, the Group’s income before tax increased by 40 per cent to Swiss Franc (CHF) 4.7 billion as against CHF 3.4 billion in 2018.
  • Adjusted pre-tax income of the group was up by 18 per cent to CHF 5.0 billion compared to CHF 4.2 billion in 2018.
  • Net income for the year surged by 69 per cent CHF 3.4 billion as against CHF 2.0 billion in the previous year.
  • In 4Q19, the company’s net income attributable to shareholders was of CHF 852 million, while return on equity and return on tangible equity were 7.6 per cent and 8.6 per cent, respectively. As of the end of 4Q19, the CET1 ratio was 12.7 per cent.