Credit Suisse says quarterly profit up 23 pct on healthy trading

April 21, 2015 4:47 AM

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ZURICH, April 21 (Reuters) - Credit Suisse said first-quarter net profit rose 23 percent after market volatility boosted securities trading and on gains at its private bank for wealthy clients.

Zurich-based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs ($1.10 billion) from 859 million francs last year, beating the average estimate in a Reuters poll of analysts.

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