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$8 Billion In Savings? The 'Impeccable' Logic Of UBS-Credit Suisse Deal, According To One Analyst
Monday, March 20, 2023 - 11:13am | 460Read More...UBS Group AG (NYSE: UBS) shares jumped Monday morning after the bank's Sunday agreement to buy Credit Suisse Group AG (NYSE: CS) for $3.25 billion. On Monday, one analyst said the Credit Suisse acquisition makes UBS an attractive investment. The UBS Analyst: Bank of America analyst...
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Credit Suisse Falls Again After Bank Says Archegos Losses Will Spill Into Q2
Thursday, April 22, 2021 - 10:28am | 421Read More...Credit Suisse Group AG (NYSE: CS) shares traded lower by another 3.7% on Thursday morning after the company reported a $275 million net loss in the first quarter and said losses from its exposure to hedge fund Archegos Capital will spill into the second quarter. What Happened? Credit Suisse...
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BofA Downgrades Credit Suisse Again: Archegos Losses 'Double What We Expected'
Tuesday, April 6, 2021 - 11:26am | 505Read More...Credit Suisse Group AG (NYSE: CS) shares traded lower Tuesday morning after the bank announced a $4.7-billion charge tied to the meltdown of U.S. hedge fund Archegos Capital. One Wall Street analyst responded by downgrading Credit Suisse for the second time in just over a week. The Credit...
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BofA Cuts Credit Suisse Price Target For Second Time In 3 Days
Wednesday, March 31, 2021 - 12:26pm | 544Read More...Credit Suisse Group AG (NYSE: CS) shares were trading down again Wednesday amid lingering uncertainty related to the bank’s exposure to Archegos Capital Management. That dynamic prompted one analyst to cut his price target for Credit Suisse for the second time in three days. The Credit Suisse...
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Credit Suisse Stock Buybacks 'Directly Affected' By Hedge Fund Liquidation: Analyst
Monday, March 29, 2021 - 2:28pm | 568Read More...Credit Suisse Group AG (NYSE: CS) shares were losing ground Monday after the bank warned investors that its first-quarter earnings could take a big hit due to the unwinding of a U.S. hedge fund. The near-term uncertainty was enough for at least one Wall Street analyst to downgrade Credit Suisse on...
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BofA Downgrades HSBC, But Says There's Support For Shares
Monday, March 30, 2020 - 2:40pm | 250Read More...The increasing spread of global lockdowns could impact HSBC Holdings’ (NYSE: HSBC) earnings enough to mean two years of an uncovered dividend, according to BofA Securities. The HSBC Analyst Alastair Ryan downgraded HSBC from Buy to Neutral, while reducing the price target from...
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HSBC Cut To Sell-Equivalent At BoA: Are Regulations Killing Investors?
Thursday, March 24, 2016 - 11:14am | 301Read More...Alastair Ryan of Bank of America Merrill Lynch downgraded the rating on HSBC Holdings plc (ADR) (NYSE: HSBC) from Neutral to Underperform, while lowering the price target from 480.00p to 450.00p. Estimates Lowered Ryan explained the earnings estimates for the company had been lowered by 5...
