Credit Suisse reported a 23 percent rise in net profit Tuesday, and managed to beat analysts' estimates with help from its investment banking operations and stellar flows into equity markets.
The Swiss banking giant said it logged earnings of 1.054 Swiss francs ($1.1 billion) in the January-March period, better than the 1.034 billion Swiss francs forecast in a Reuters poll.
Credit Suisse attributed the stronger earnings to market volatility, which boosted trading volume, its private banking business and investment banking unit. It comes after similar strength in the investment banking operations at its U.S. counterparts.
CEO Brady Dougan told CNBC that money flows continue to be strong into equities with some of the fixed income markets appearing to be "fairly toppy."
"There certainly are, sort of, a couple of big risks out there whether it's Greece, some of the other geopolitical issues, and ultimately the question of if and when interest rates go up," he said. "But the market does seem to continue to shrug them off."