Credit SuisseAnalyst estimates have been beaten by the bank’s third quarter results, thanks to its wealth management division. The bank stated this on Thursday.

The third quarter’s net income was estimated at 434million Swiss Francs ($476million). Refinitiv data shows that analysts estimated an income of 333.8 Million Swiss Francs.

“Wealth Management businesses returned to robust net new assets and higher transaction revenues sequentially, while recurring commissions & fees and client business volumes demonstrated strong year on year momentum,” the bank said in its earnings release.

The Swiss Bank shares are now down by 12% in the past year.

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