Credit Suisse : Necessary revenue growth mainly depends on markets
>RoTE target = 10%: a wager on revenues - Credit Suisse has maintained its RoTE target of 10% in 2019 after 8% in Q1. Since costs in Q1 (CHF 4.2bn) were compatible with a 2019 target of CHF 16.4-16.9bn, this wager is mainly dependent on revenues. To meet this target, 2019 revenues will have to be around 7% higher than the consensus forecast. However, their volatility calls for caution: the bank acknowledged that January 2019 was one of the worst months in many years, ...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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