January 27, 2015 5:59 AM ET

Capital Markets

Company Overview of Credit Suisse AG

Company Overview

Credit Suisse AG provides banking, finance, consultancy, service, and trading services in Switzerland and internationally. Its Private Banking & Wealth Management segment offers advice and a range of financial solutions to private, corporate, and institutional clients. This segment offers solutions for private and corporate wealth management needs, including succession planning, tax advisory, financial planning, and investment banking services for entrepreneurs; investment advice covering a range of services from portfolio consulting to advising on individual investments; and portfolio and risk management solutions. It also provides basic banking products, such as traditional and structured ...

Paradeplatz 8

Zurich,  8070

Switzerland

Founded in 1856

Phone:

41 44 212 16 16

Fax:

41 44 332 55 55

Key Executives for Credit Suisse AG

Chief Executive Officer and Member of Executive Board
Age: 55
Chief Financial Officer
Age: 49
Chief Executive Officer of the Asia Pacific Region
Age: 51
Chief Executive Officer of the Americas Region and Member of the Executive Board
Age: 56
Joint Head of Investment Banking
Age: 47
Compensation as of Fiscal Year 2014.

Credit Suisse AG Key Developments

Credit Suisse AG Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2014; Reports Gross Impaired Loans

Credit Suisse AG announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income from continuing operations attributable to shareholders was CHF 919 million against CHF 304 million a year ago. Diluted earnings per share from continuing operations were CHF 0.55 against CHF 0.17 a year ago. Net core revenues were CHF 6,537 million against CHF 5,449 million, for the same period a year ago. Core income from continuing operations before taxes was CHF 1,301 million against CHF 688 million, for the same quarter a year ago. Strategic net revenues were CHF 6,287 million against CHF 5,693 million, for the same period a year ago. Strategic income from continuing operations before taxes was CHF 1,622 million against CHF 1,416 million, for the same quarter a year ago. Strategic return on equity was 11.0% against 10% a year ago. Strategic net income attributable to shareholders was CHF 1,115 million against CHF 987 million a year ago. For the nine months, the company reported net income from continuing operations attributable to shareholders was CHF 1,072 million against CHF 2,655 million a year ago. Diluted earnings per share from continuing operations were CHF 0.61 against CHF 1.47 a year ago. Net core revenues were CHF 19,439 million against CHF 19,297 million, for the same period a year ago. Core income from continuing operations before taxes was CHF 2,331 million against CHF 4,033 million, for the same quarter a year ago. Strategic net revenues were CHF 19,126 million against CHF 19,451 million, for the same period a year ago. Strategic income from continuing operations before taxes was CHF 5,341 million against CHF 5,712 million, for the same quarter a year ago. Strategic return on equity was 12.7% against 14.4% a year ago. Strategic net income attributable to shareholders was CHF 3,807 million against CHF 4,013 million a year ago. Net cash used in operating activities of continuing operations was CHF 14,869 million against net cash provided by operating activities of CHF 24,722 million a year ago. Capital expenditures for premises and equipment and other intangible assets were CHF 706 million against CHF 687 million a year ago. For the quarter, the company reported gross impaired loans were CHF 1,486 million against CHF 1,538 million a year ago.

Credit Suisse AG Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2014

Credit Suisse AG announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenues of CHF 6,578 million against CHF 5,676 million, for the same quarter a year ago. The company reported income from continuing operations before taxes of CHF 1,338 million against CHF 910 million, for the same quarter a year ago. Income from continuing operations was CHF 972 million compared to CHF 542 million a year ago. The company reported net income of CHF 1,078 million against CHF 692 million, for the same quarter a year ago. The company reported net income attributable to shareholders of CHF 1,025 million or CHF 0.61 diluted earnings per share against CHF 454 million or CHF 0.26 diluted earnings per share, for the same quarter a year ago. The company reported return on equity attributable to shareholders of 9.7% against 4.3%, for the same quarter a year ago. The company reported return on tangible equity attributable to shareholders of 12.2% against 5.4%, for the same quarter a year ago. Net interest income was CHF 2,144 million compared to CHF 1,922 a year ago. For the nine months, the company reported net revenues of CHF 19,870 million against CHF 19,717 million, for the same period a year ago. The company reported income from continuing operations before taxes of CHF 2,735 million against CHF 4,429 million, for the same period a year ago. Income from continuing operations was CHF 1,519 million compared to CHF 3,090 million a year ago. The company reported net income of CHF 1,631 million against CHF 3,237 million, for the same period a year ago. The company reported net income attributable to shareholders of CHF 1,184 million or CHF 0.68 diluted earnings per share against CHF 2,802 million or CHF 1.55 diluted earnings per share, for the same period a year ago. The company reported return on equity attributable to shareholders of 3.7% against 9.3%, for the same period a year ago. The company reported return on tangible equity attributable to shareholders of 4.6% against 11.9%, for the same period a year ago. Net interest income was CHF 6,908 million compared to CHF 6,368 a year ago. Total book value per share was CHF 27.40 compared to CHF 26.48 a year ago. Tangible book value per share was CHF 21.98 compared to CHF 21.25 a year ago.

Credit Suisse AG, Q3 2014 Earnings Call, Oct 23, 2014

Credit Suisse AG, Q3 2014 Earnings Call, Oct 23, 2014

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