Credit Suisse: Net income for Q3 comes in at 424 million Swiss francs, vs. 449 million Swiss francs expected

Credit Suisse reported lower-than-expected net income results for the third quarter of the year.

Net income stood at 424 million Swiss francs, a 74 percent increase from a year ago. However, the numbers missed analysts' forecast of 449 million Swiss francs, according to data from Reuters.

Credit Suisse had reported a net income of 244 million Swiss francs in the third quarter of 2017. Shares in Switzerland's second-largest bank are down by more than 24 percent since the start of the year.

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