Investing.com - Credit Suisse (SIX:CSGN) ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Credit Suisse ADR announced earnings per share of CHF-0.6235 on revenue of CHF3.79B. Analysts polled by Investing.com anticipated EPS of CHF-0.0268 on revenue of CHF4.22B.
Credit Suisse ADR shares are down 45.85% from the beginning of the year and are trading at CHF5.22 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Credit Suisse ADR follows other major Financial sector earnings this month
Credit Suisse ADR's report follows an earnings beat by Berkshire Hathaway A on July 19, who reported EPS of CHF4774.01 on revenue of CHF70.81B, compared to forecasts EPS of CHF4277.66 on revenue of CHF70.32B.
JPMorgan had missed expectations on July 14 with second quarter EPS of CHF2.76 on revenue of CHF30.72B, compared to forecast for EPS of CHF2.89 on revenue of CHF31.86B.
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