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.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
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.
Copyright (c) 2017 CercleFinance.com. All rights reserved.