As you know, there are two types of financial services organizations- those that emerged from the financial crisis as winners (John Paulson comes to mind) and those that did not (a category that would include firms like Lehman Brothers, if you want to get really judgey). Where did Credit Suisse fall? JPMorgan has some thoughts.
The bank’s share of more than $146 billion in revenue from trading and advising clients that the biggest investment banks made in the first nine months of 2010 was 8 percent, compared with 13 percent in 2007, data compiled by Bloomberg show.
“It does not look like Credit Suisse is coming as a winner out of the crisis,” Kian Abouhossein, a banking analyst at JPMorgan Chase & Co. in London, said in a note. “We think it missed an opportunity to take market share, specifically in fixed-income.”