Report
Stephen Ellis
EUR 147.86 For Business Accounts Only

Credit Suisse’s Third Quarter Is Not Impressive; Profitability Struggles Continue

Credit Suisse reported an unimpressive third quarter, as it continues to struggle with core profitability issues within wealth management. We plan to maintain our CHF 14/$14 fair value estimate and narrow moat rating, which reflects a challenged environment for the bank over the near term. We do consider Credit Suisse’s capital position to be weak at a 12% common equity Tier 1 ratio, as we believe wealth managers will need to operate with higher capital levels than most banks to limit client con...
Underlying
Credit Suisse Group ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Stephen Ellis

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