Credit Suisse Trails Peers as Key Businesses Miss Estimates

Swiss bank sees third-quarter profit below analyst estimates
Wealth, Swiss businesses did worse than expected in quarter

WATCH: CEO Thomas Gottstein comments on volatility, trading and the resumption of share buybacks next year.Source: Bloomberg

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By Patrick Winters and Marion Halftermeyer

October 29, 2020 at 2:30 AM EDT

Updated on

October 29, 2020 at 10:28 AM EDT

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Credit Suisse Group AG missed analyst estimates in key businesses and failed to capitalize on a trading rally that lifted rivals as Chief Executive Officer Thomas Gottstein reins in risk-taking following a series of missteps.