Credit Suisse “Solid,” Societe Generale “Weak:” JefferiesMani
Credit Suisse posted “better-than-expected” Q4 results aided by a resilient IB, while Societe Generale posted “a relatively weak set of numbers” thanks to higher expenses across the board, notes analysts at Jefferies. After analyzing the fourth quarter results of Credit Suisse and Societe Generale, Omar Fall of Jefferies assigned a Hold rating on both banks.
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