Credit Suisse : Good management of Q1 2020 enables the group to look forward to 2021
>Neutral vs Reduce - We have upgraded our recommendation to Neutral vs Reduce for three main reasons:Credit Suisse used its exceptional income wisely in Q1 to anticipate the coverage of credit risk whilst at the same time maintaining its solvency. This was not anticipated by the consensus or in our estimates.Our revised target price (CHFÂ 12.0 vs CHFÂ 10.7) suggests that upside potential is now equal to that of the sector, i.e. 55%.Political constraints o...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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