Near six-fold rise in profit for Credit Suisse
Credit Suisse has reported a nearly six-fold jump in third quarter net profit behind a "very strong" performance by its wealth management business.
The Zurich-based firm predicted strong global economic growth in the fourth quarter that could underpin its results despite political uncertainty.
Net income rose to 244 million Swiss francs (£184 million) in the third quarter, up from 41 million francs (£31 million) a year earlier.
Adjusted net revenues fell 2% to five billion francs (£3.8 billion).
The Swiss bank said on Thursday its deal pipeline has a "substantial backlog" and it expects its wealth management business to remain strong.
The bank is over half way through a three-year restructuring plan under chief executive Tidjane Thiam, and reaped about 400 million francs (£302 million) in cost savings in the quarter.
Its shares rose almost 4% after the release of the earnings figures.