Accueil > Actualité
Actualite financiere : Actualite bourse

Credit Suisse: RBC raises target price

( - On Wednesday Royal Bank of Canada maintained its neutral rating on Credit Suisse ahead of the strategic presentation that the Swiss private bank has planned to hold on 27 October.

In a note released in the morning, RBC said aggressive actions will be required to enable the wealth manager to stabilise its franchise, regain credibility and improve performance.

The Canadian broker said that a number of options are on the table.

"CS could raise equity to fund a restructuring upfront and diluting earnings, or it could self fund changes by slowly freeing up capital, which would take longer for the shares to get credit," it said.

RBC says it has raised its target price 10% for the stock from 6 to 6.6 Swiss francs to take into account the recent rise in interest rates.

Copyright (c) 2022 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.