(Bloomberg) -- Credit Suisse's wealth management business posted a 10% pre-tax profit of $666 million, or 636 million francs, in the first quarter, the bank said.

The increase beat analysts’ estimates as the ratio of costs to revenues declined, Switzerland’s second-biggest bank said this week. Net margin at the "wealth management clients" unit was 30 basis points, the highest since the second quarter of 2013.

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