Credit Suisse : Resilience in Q3 does not address the lasting weakness of revenues
>Revenues will not meet expectations - The 2019 RoTE will fall short of the 10% target, but this implied flat revenues vs 2018. Credit Suisse, like other banks, is confronted with a revenue base that does not match the forecasts on which its medium-term plans were built. There are few reasons to think that economic and market conditions will allow a swift catch-up in this area. RoTE targets for 2020-2021 are therefore at risk.Credit Suisse, more than other banks,...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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