Latest News

Credit Suisse Shares Rise After JPMorgan Upgrade


Credit Suisse Shares Rise After JPMorgan Upgrade By

Breaking News


Stock Markets 2 hours ago (Oct 06, 2022 12:08)

© Reuters.

By Scott Kanowsky — Shares in Credit Suisse Group AG (SIX:CSGN) rose in European trading on Thursday after JPMorgan analysts upgraded their rating of the bank.

In a note, the analysts raised Credit Suisse to “neutral” from “underweight,” citing the positive impact from the lender’s reported plan to restructure itself by slicing up its key investment bank into three parts and bringing back a so-called “bad bank” to house riskier assets.

Media reports suggest Credit Suisse may also move to sell off important divisions of the company, including its lucrative securitized products unit, to raise funds without having to ask investors for more capital.

The JPMorgan analysts said this overhaul should help assuage concerns over the health of Credit Suisse, but warned that a recent series of news stories detailing scandals, losses, and lawsuits will still have a near-term impact on the group.

They added that it was not “a given outcome” that Credit Suisse would be forced to issue a capital raise to help bolster its balance sheet.

However, they urged the bank’s management to “look at every option available to avoid a significantly dilutive capital increase.”

Credit Suisse’s stock price has plummeted by more than 55% over the past one-year period.

Credit Suisse Shares Rise After JPMorgan Upgrade

These are Top Tech Stocks to Own as Selected by BernsteinBy – Oct 06, 2022

By Senad Karaahmetovic
Analysts at Bernstein reflected on the firm’s research coverage of U.S. IT Hardware, Semiconductors & Semi cap, and Internet to highlight top names investors…

Ofcom launches cloud market study on Amazon, Google and Microsoft to monitor competitivenessBy Proactive Investors – Oct 06, 2022

UK communications regulator Ofcom launched a cloud market study on providers Inc, Alphabet Inc-owned Google and Microsoft Corporation to ensure markets are competitive…

Insiders Buying Redfin And 2 Other StocksBy Benzinga – Oct 06, 2022

Although US stocks closed slightly lower on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company’s…

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

A Fed Pivot Is Wall Street’s Dream. Jobs Report Could Be Rude Awakening.

Previous article

Bank of England says it will unwind bond market intervention once risks have subsided

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News