Earnings: Credit Suisse, Morningstar, NYMEX

Credit Suisse Group experienced significant third-quarter profit losses, while Morningstar, Inc. and NYMEX Holdings, Inc. reported increases.
Credit Suisse, a Zurich-based bank, suffered a 31% decline in net third-quarter profit, reporting $1.9 billion income, down from approximately $2.7 billion in the second quarter, but up from about $1.6 billion last year at this time.
The company cites the U.S. credit crisis for the drastic third quarter loss.
Its operating income is approximately $1.1 billion, down 69% from $3.5 billion last quarter.
Credit Suisse’s earnings per share are $1.01, down 58%, $2.42, from the second quarter and $1.43 third quarter 2006.
Credit Suisse’s assets under management fell 85% from last quarter to approximately $38.7 million, down from about $256.9 million last quarter and down 72% from $135.7 million last year at this time.
Morningstar, a Chicago-based independent investment research provider, reported $111.9 million, or 41 cents per share, in third quarter earnings, up 37% from last year’s $81.8 million, or 29 cents per share.
Its profit was driven by acquisitions and more international operations, according to a statement. Revenue in Morningstar’s institutional segment grew 58% from third quarter 2006, with 21% of growth from acquisitions.
Income in the adviser segment rose 20% with 6% growth from acquisitions, and revenue in the individual segment grew 16% with 3% from acquisitions.
Morningstar’s operating income was $31.4 million, up from $20.5 million in third quarter 2006. Its assets under advisement increased to $91.4 billion, compared to $47.6 billion a year ago.
NYMEX, the New York-based parent company of the New York Mercantile Exchange, reported 54% increase in earnings to $62.3 million, or 66 cents per share, from $40.7 million, or 47 cents per share, for third quarter 2006.
Its operating revenues rose 25% to a record $173.2 million, compared to $138.3 million last year.
The company said technological improvements and reduction of its expense base contributed to the increased profit.
NYMEX’s current assets are approximately $1.6 billion, and its total assets are approximately $2.2 billion.