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Consolidated statements of operations - CHF (SFr)
SFr in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income SFr 3,589 SFr 4,295 SFr 5,653 SFr 7,884 SFr 10,471
Interest expense (2,019) (2,761) (3,652) (4,780) (6,938)
Net interest income 1,570 1,534 2,001 3,104 3,533
Commissions and fees 2,880 2,927 2,927 5,807 5,539
Trading revenues 1,254 927 182 2,181 1,022
Other revenues 490 388 471 878 874
Net revenues 6,194 5,776 5,581 11,970 10,968
Provision for credit losses 296 568 25 864 106
Compensation and benefits 2,594 2,316 2,545 4,910 5,063
General and administrative expenses 1,440 1,346 1,395 2,786 2,808
Commission expenses 313 345 314 658 627
Total other operating expenses 1,753 1,691 1,709 3,444 3,435
Total operating expenses 4,347 4,007 4,254 8,354 8,498
Income/(loss) before taxes 1,551 1,201 1,302 2,752 2,364
Income tax expense/(benefit) 391 (110) 365 281 678
Net income/(loss) 1,160 1,311 937 2,471 1,686
Net income/(loss) attributable to noncontrolling interests (2) (3) 0 (5) 0
Net income/(loss) attributable to shareholders SFr 1,162 SFr 1,314 SFr 937 SFr 2,476 SFr 1,686
Basic earnings per share (CHF)          
Basic earnings/(loss) per share (in CHF per share) SFr 0.47 SFr 0.53 SFr 0.37 SFr 1.00 SFr 0.66
Diluted earnings per share (CHF)          
Diluted earnings/(loss) per share (in CHF per share) SFr 0.46 SFr 0.52 SFr 0.36 SFr 0.98 SFr 0.65
Bank          
Interest and dividend income SFr 3,585   SFr 5,655 SFr 7,867 SFr 10,476
Interest expense (2,017)   (3,648) (4,763) (6,921)
Net interest income 1,568   2,007 3,104 3,555
Commissions and fees 2,896   2,904 5,816 5,483
Trading revenues 1,227   231 2,105 1,087
Other revenues 539   534 990 986
Net revenues 6,230   5,676 12,015 11,111
Provision for credit losses 292   25 860 106
Compensation and benefits 2,363   2,305 4,420 4,609
General and administrative expenses 1,773   1,763 3,495 3,508
Commission expenses 313   313 658 627
Total other operating expenses 2,086   2,076 4,153 4,135
Total operating expenses 4,449   4,381 8,573 8,744
Income/(loss) before taxes 1,489   1,270 2,582 2,261
Income tax expense/(benefit) 370   339 244 701
Net income/(loss) 1,119   931 2,338 1,560
Net income/(loss) attributable to noncontrolling interests (2)   4 4 7
Net income/(loss) attributable to shareholders SFr 1,121   SFr 927 SFr 2,334 SFr 1,553