By KATHARINA BART
ZURICH -- Credit Suisse Group on Thursday reported buoyant third-quarter results as its investment banking business helped push it to a larger-than-expected net profit, prompting the Swiss bank to give an upbeat outlook.
The Zurich-based company posted net profit of 2.35 billion Swiss francs ($2.38 billion) for the three months to Sept. 30, compared with a loss of 1.26 billion francs a year earlier. Analysts had forecast net profit of 1.72 billion francs.
Net revenue was 8.92 billion francs -- nearly triple revenue of 3.02 billion francs a year earlier, when major trading losses and write-downs on mortgage securities plunged the bank to a net loss.
