citigroup inc analyst keith horowitz says jitters about systemic risks posed by swiss banking giant credit suisse appear to be overblown “we don’t see cause for concern” horowitz said in a flash research note late sunday in the wake of fresh speculation about potential capital raising or deeper problems at credit suisse cs csgn  with credit suisse having been deemed one of 30 systematically important global banks it’s a given that investors would ponder its impact on the broader financial system but wall street seemed to shrug off these concerns at least for the moment as most big banks joined in an overall surge in equities spx following bruising selloffs in recent sessions shares of jpmorgan chase  co jpm rose 22 bank of america corp bac advanced by 25 citigroup c rose by 11 morgan stanley ms moved up by 2 wells fargo  co wfc jumped 33 and goldman sachs group inc gs rose 19 uslisted shares of credit suisse were up 2 citigroup analyst horowitz said citi has received inquiries about the “contagion impact” on us banks given “recently headlines about a large european bank” shares of credit suisse have come under pressure as investors reacted to prices of the banking firm’s creditdefault swaps which amount to bets on whether a debt issuer will survive don’t miss credit suisse what’s going on and why its stock is falling on friday credit suisse’s fiveyear creditdefaultswap spread widened to 250 its worst level since 2009 usbased banks’ cds spreads have also widened in recent weeks but horowitz noted that the moves are not outsized relative to the overall investmentgrade market “we believe the us bank stocks are very attractive here” horowitz said “we understand the nature of the concerns but the current situation is night and day from 2007 as the balance sheets are fundamentally different in terms of capital and liquidity and we struggle to see something systemic” compared with the time of the collapse of lehman brothers that helped trigger the global financial crisis us banks now hold significantly more capital horowitz said from the archives august 2009 creditdefault swaps put turbulent past behind —mostly liquidity positions remain strong in the wake of the us federal reserve’s quantitative easing policies that boosted deposits he said banks also hold “significant reserves” against all credit risk he said meanwhile cfra analyst firdaus ibrahim reiterated a sell rating on credit suisse and reduced his price target and profit forecasts for the bank as credit suisse ponders its future ibrahim said options rumored to be in the mix include exiting or selling its us investmentbanking business the creation of a “bad bank” to hold its riskier assets and a capital raise of some kind “we believe that the negative sentiment surrounding the stock will not abate any time soon and believe its share price will continue to be under pressure” he said “a convincing restructuring plan will help but we remain skeptical given its poor track record of delivering on past restructuring plans”