Credit Suisse guides Q2 profit

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SymbolPriceChange
CS29.60-0.57

The European bank giant said it expects a Q2 profit across all divisions when it reports earnings July 26. Credit Suisse (CS) was trying to ease investor worries after an earlier warning on capital levels by the Swiss National Bank and a long-term debt rating cut by Moody's. Banks will likely post declining investment banking revenue for Q2, hampered by eurozone crises. Shares rose 5.2%.

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