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Credit Suisse: stock up after 2019-20 targets released.

(CercleFinance.com) - The Credit Suisse stock is up 1.
4% in Zurich today, with the banking group reiterating its confidence in its targets for 2018 - the final year of its three-year restructuring plan - with the group presenting its targets for 2019 and 2020 this Thursday.

At its Investor Day, the Swiss financial institution has said that it now targets a return on tangible equity (RoTE) of between 10% and 11% in 2019, followed by 11% to 12% in 2020.

Credit Suisse also aims to increase the payout for its shareholders, intending to redistribute half of its net income primarily through share buybacks and special dividends.

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