Swiss quote reports a strong third quarter

Swiss quote reports a strong third quarter explained by professional Forex trading experts the “Swiss quote reports a strong third quarter” FX trading team.

Swiss quote reports a strong third quarter

The company as a whole (which has a roughly 50% market share in online Swiss stock trading, and also offers ePrivate banking and savings) had a very good quarter, with:

Revenue up 6% from Q2 to CHF 33 million.
Net income up 19% to CHF 8.5 million.

The market reacted positively to the news, with Swissquote shares up 4% in early Friday trading.

As we wrote earlier, we were very curious to see Swissquote’s Q3 results, and see if the Swiss National Bank’s actions in early September – which caused a large devaluation of the CHF – had any material effect on the firm, and in particular on its eForex business. Apparently no damage was done, and the firm continued to successfully grow the business it purchased last year (ACM), while continuing to strengthen its equity position.

Swiss quote reports a strong third quarter Conclusion

For more information about currency trading brokers visit TopForexBrokers.com Forex brokers comparison website, Tip ForexSQ.com foreign exchange trading
experts please by share this article about Swiss quote reports a strong third quarter

In this article