Report
Alex Morozov
EUR 101.80 For Business Accounts Only

We like Credit Suisse's renewed focus on capital and Asia, but not its focus on investment banking.

Credit Suisse has announced its proposal of a rights offering to existing shareholders, to be approved at a shareholder meeting in May this year. The group expects to collect around CHF 4 billion, offering up to 380 million shares, excluding additional shares as a result of the scrip dividend program, at CHF 10.80 apiece. Business results have been satisfactory in the first quarter as the company continues its restructuring efforts and winds down its run-off assets. We plan to lower our CHF 14/$...
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
Alex Morozov

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