Credit Suisse Group achieved a 75% increase in first quarter net profit.
According to Reuters, the group indicated that the global pandemic of the Corona virus could affect performance in the coming seasons.
"It is still difficult to estimate the magnitude of the negative economic impact of the Covid-19 crisis, and we warn that we may also see further strengthening of reserves and provisions for impairment in the coming quarters of the year," the Swiss Bank said in a statement.
The bank added, however, that it believed it might maintain a solid financial performance.
Credit Suisse saw net profit rise to 1.314 billion Swiss francs ($ 1.35 billion), with the help of a negative tax rate and non-recurring gains, and because of a boost in trading revenue from volatile markets and exceptionally high levels of customer activity sometimes helped in some areas mitigate a decline in deal conclusion. < / p>
Fourteen analysts polled by the bank had expected an average net profit of 997 million francs in the first quarter.
