Credit Suisse has recently held an investor day, showing its positive developments in its business restructuring in the past few years.
Its strategy of reducing exposure to capital markets and pushing for growth in wealth management seems sensible and is not expected to change in the future.
Credit Suisse’s improved business and financial profile doesn’t seem to be reflected in its discounted valuation.
Credit Suisse (CS) is showing good progress on its strategic goal of pushing for growth in its wealth management business, which makes its discounted valuation attractive to investors. The recent strategy update was