The private banking and wealth management business delivered net revenue of CHF 2.972bn in the first quarter.
The news has not been enough to reassure markets on the overall health of the bank however, and shares have fallen over 3% in morning trading today, 21 April.
Concerns centre on the prospects for its investment banking operations and the size of its capital ratios.
The company said it had delivered ‘strong and consistent performance in 1Q15’ particularly in its ‘wealth management clients’ arm.
“Wealth management clients generated a particularly strong result, with improved margins, increased profitability and good net asset inflows from key growth regions,” said CEO Brady W. Dougan. “In our well-diversified investment banking franchise, we achieved consistent strategic results and reported a return on regulatory capital of 19%, despite further significant deleveraging.”
“Our swift and proactive response to the changed currency and interest rate environment post the Swiss National Bank’s announcement, combined with an improvement in market activity, mitigated the impact on our results and led to higher revenues in our wealth management clients business,” he added.
