Credit Suisse Should Rebound Once Overhaul Complete, Herro Says

  • Bank should trade for at least 1.5 times book value: Herro
  • David Herro was speaking in interview with Bloomberg Radio

A sign stands illuminated on the side of a Credit Suisse AG office in Zurich.

Photographer: Luke MacGregor/Bloomberg

Credit Suisse Group AG shares should rebound once Chief Executive Officer Tidjane Thiam completes a restructuring that’s shifting the Swiss lender toward wealth management, said David Herro of Harris Associates, one of the bank’s biggest shareholders.

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