Credit Suisse : Beating the CoE will take longer than expected
>Targets revised, as expected, but room to manoeuvre - Unsurprisingly, forecasts for RoTE have been revised down:2019: RoTE above 8% vs 8.8% for 9M 2019 and 7.9% for the consensus. Decent Q4 results. The group’s previous target was 10% but with the assumption of stable revenues.2020: RoTE anticipated at 10% vs 11% to 12% previously and around 9% for the consensus. In the absence of a shock, Credit Suisse’s forecasts for revenue may prove cautious (notably fo...Credit Suisse is a financial services provider based in Switzerland. Co. is active as an integrated bank. Co. operates through two global divisions, Private Banking and Corporate & Institutional Banking. Co. offers comprehensive advice and a broad range of financial solutions to private, corporate and institutional clients primarily domiciled in Switzerland. Co. maintains operations in three regionally focused divisions: Swiss Universal Bank, Asia Pacific and International Wealth Management serving Western Europe, Central and Eastern Europe, Latin America and Africa.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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