Credit Suisse: The tax reform US causes an annual loss


© Reuters. CREDIT SUISSE: THE TAX REFORM US CAUSES AN ANNUAL LOSS

ZURICH (Reuters) – tax reform in the united states is the main reason why Credit Suisse (SIX:CSGN) has not reached in 2017, its first annual profit since the ceo Tidjane Thiam has pledged a recovery plan in 2015.

However, its annual loss, 983 million swiss francs (851,5 million euros), is less than the consensus of analysts, which gave a loss of chf 1.1 billion due to impairment charges specifically linked to the tax reform in the united states.

They were $ 2.74 million francs.

The taxable income of 1,793 billion swiss francs is broadly in line with the consensus (1,803 billion).

The swiss bank is proposing a dividend of 0.25 franc per share after the 0.70 franc as of 2016. The consensus gave it to 0.28 franc.

(Brenna Hughes Neghaiwi; Wilfrid Exbrayat for the French service)

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