Credit Suisse’s Top 5 Highest-Conviction Picks

In this article we are going to take a look at Credit Suisse’s Top 5 Highest-Conviction Picks. In order to see a more detailed list with more stocks, we suggest you take a look at Credit Suisse’s 12 Highest-Conviction Top Picks.

5. Discover Financial Services (NYSE:DFS)

Stock performance since July 2022: 1.18%

Number of Bullish Hedge Funds: 52

On Discover Financial Services (NYSE:DFS) Credit Suisse analysts were bullish on the belief that the company would grow its card balance. However, since then, the price target was revised down from $140 to $120. In the fourth quarter, Discover Financial Services (NYSE:DFS) saw an increase in card accounts of 17% on the year, which helped the company grow its sales by 8%. Overall, in 2022, Discover Financial Services (NYSE:DFS) saw net income of $15.50 per share in 2022. Moreover, the financial company bought back $2.4 billion worth of stock in 2022 and raised its dividend by 20%.

At the end of 2022, there were 52 funds tracked by Insider Monkey holding $1.34 billion worth of stock, a substantial increase from 40 funds with $1.12 billion worth of shares a quarter earlier.