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Credit Suisse Value Lags UBS as Dougan Keeps Debt Trading

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Credit Suisse Group AG Chief Executive Officer Brady Dougan could take a lesson from Zurich neighbor UBS AG as he seeks to boost his company’s stock: scale down the investment bank.

Shares of Credit Suisse, Switzerland’s second-largest bank, are valued lower than UBS’s, and the gap has widened since UBS decided in 2012 to exit most debt trading, according to data compiled by Bloomberg. UBS, the biggest Swiss lender, has a market value 52 percent higher than Credit Suisse, even as analysts estimate it will earn only 7.6 percent more next year.