Report
Steven Gould

Credit Suisse : Winning strategy but growth in future revenues difficult to price in

>Conclusion – Too soon to bet on revenue growth - Q1 earnings like Q2 show that past restructuring efforts are paying off with particularly good resilience from earnings to the impacts of the pandemic in terms of risks. Very high CIB revenues are more largely attributable to the Q2 context.However, the multiples applied by the market are in line with the sector average with an also identical upside. This is what our Neutral recommendation implies. However, the fo...
Underlying
CREDIT SUISSE GROUP AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Steven Gould

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