Credit Suisse : Prospect of more uncertain revenues
>Lacklustre earnings - Underlying profit before tax came in 6% ahead of estimates. However, almost all of the operating units reported earnings shy of forecasts barring the APAC private banking and investment banking & capital market activities. The Q3 performance was therefore mainly due to the unit dedicated to assets in run-off (SRU) and the corporate centre.The main disappointment came from the global market which felt the impact of restructuring and sector ...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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