Credit Suisse results miss estimates due to investment banking

Source: Bloomberg
© Scanpix/Reuters
Credit Suisse Group AG, one of the largest banks in Switzerland, announced a considerable 34% decline in profit for the January-March period of 2014, as income in its investment division plummeted. Net profit reached 859 million francs after 1.3 billion francs a year ago. Today, Credit Suisse Group AG shares are slumping 1.4% to 27.45 francs per share by 9:30 GMT in Zurich.

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