Credit Suisse Capital Metrics and Core Results 9M16
3Q16 results
Investment Banking & Capital Markets
Results driven by increased underwriting activity; Top 5 ranks in all key products
Adjusted key financials in USD mn
3Q16
2Q16
3Q15 A 2Q16 A 3Q15
Net revenues
479
558
414
(14)%
+16%
Provision for credit losses
(9)
Total operating expenses
434
426
346
+2%
Pre-tax income
55
132
68
(59)%
+25%
(19)%
Cost/income ratio
91%
76%
84%
Return on regulatory capital
9%
21%
13%
Key metrics in USD bn
3Q16
2Q16
3Q15 A 2Q16 A 3Q15
Risk-weighted assets
19
17
15
Leverage exposure
46
45
37
+10%
+2%
+21%
+25%
Key messages
Results reflect continued execution of our strategy, evidenced by
strong share of wallet gains:
9M16 share of wallet2 up versus 2015 in all key products
Top 5 rank³ in each of announced M&A, ECM and Leveraged
Finance for 9M16
Continued momentum with investment grade corporates
Net revenues of USD 479 mn up 16% YoY driven by higher
revenues in debt and equity underwriting, partially offset by lower
advisory revenues
Adjusted operating expenses up 25% YoY due to higher variable
compensation; 9M16 adjusted expenses of USD 1.3 bn broadly
stable vs. prior year period
Risk-weighted assets of USD 19 bn, up 21% YoY, driven primarily
by an increase in IBCM's share of the Corporate Bank
Total Advisory and Underwriting revenues¹
in USD mn
3016
2016
3Q15 A2016 A 3Q15
Global advisory and underwriting
revenues1
945
1,075
777
(12)%
+22%
In 3Q16, global advisory and underwriting revenues of
USD 945 mn, up 22% YoY, outperforming the industry-wide fee
pool (up 4%)³
Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix
1 Gross global revenues from advisory, debt and equity underwriting generated across all divisions before cross-divisional revenue sharing agreements
2 Source: Dealogic for the period ending September 30, 2016; includes Americas and EMEA only 3 Source: Dealogic for the period ending September 30, 2016
CREDIT SUISSE
November 2016
30
30View entire presentation