CS - Credit Suisse Group AG GAAP EPS of CHF 3.08 revenue of CHF 18.47B

2023-04-24 04:23:33 ET

• Credit Suisse Group AG press release ( NYSE: CS ): Q1 GAAP EPS of CHF 3.08.
• Revenue of CHF 18.47B (+318.8% Y/Y).
• In 1Q23, Core net revenues of CHF 18,122M increased 329% compared to 1Q22.
• Adjusted loss before taxes in 1Q23 was CHF 1,316M compared to adjusted income before taxes of CHF 300M in 1Q22 and an adjusted loss before taxes of CHF 1,015M in 4Q22.
• The CET1 ratio was 20.3% as of the end of 1Q23 compared to 14.1% as of the end of 4Q22.
• In 1Q23, provision for credit losses of CHF 83M.
• As of the end of 1Q23, assets under management of CHF 502.5 billion were CHF 38.0 billion lower compared to the end of 4Q22.

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