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Credit Suisse Halts US Cannabis Stock Transactions, Ends Custodial Service: Report
Thursday, May 6, 2021 - 7:09pm | 260Read More...Credit Suisse Group AG (NYSE: CS) has stopped handling transactions in shares of cannabis companies with U.S. operations and plans to refrain from holding cannabis stocks on behalf of its clients, Reuters reported Wednesday, citing a cannabis company executive and other industry sources. The...
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'Too Early For Victory Laps': Stock Market Update For The Week Ahead
Sunday, September 20, 2020 - 3:47pm | 1684Read More...The Past Week, In A Nutshell What Happened: Last week ended negative on weakness concentrated in heavily-weighted index constituents. Remember This: “The Fed essentially acknowledged they were a bit behind the curve with their forecast on the economy, as projections needed tweaking to reflect...
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Credit Suisse Shares Drop Even As Company Reports Massive Profit In A Turbulent Year
Thursday, February 13, 2020 - 6:43am | 415Read More...The shares of Credit Suisse Group AG (NYSE: CS) dropped in early trade in Switzerland on Thursday, even as the company surprised with a significant annual profit for the financial year 2019. What Happened Credit Suisse reported a net profit of $3.5 billion, up 69% from the $2 billion net...
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FDIC Sues Big Banks For Rigging Interest Rates
Monday, March 17, 2014 - 1:44pm | 607Read More...Sixteen of the world’s largest banks were sued Friday by the Federal Deposit Insurance Corporation (FDIC) for fixing the London interbank interest rate (Libor). According to the FDIC, the move cost smaller, failed American banks such as Washington Mutual, IndyMac and Colonial money. Bloomberg...
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Major Banks May Block Employees From Computer Chat Rooms
Monday, November 11, 2013 - 3:43pm | 271Read More...Several large banks are uniting together to block their employees from accessing chat rooms. The Wall Street Journal reported that J.P. Morgan Chase (NYSE: JPM) and Credit Suisse are responding to growing concerns that groups of traders can use these “modern trading floors” for more harm than good...
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UPDATE: Credit Suisse Reiterates Neutral Rating, Raises PT on Texas Instruments
Wednesday, January 23, 2013 - 1:06pm | 184Read More...In a report published Wednesday, Credit Suisse Group reiterated its Neutral rating on Texas Instruments (NASDAQ: TXN), and raised its price target from $26.00 to $32.00. Credit Suisse noted, “Investors will likely give TXN a free pass on the lack of leverage as the cycle is bottoming, but TXN's...
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UPDATE: Credit Suisse Reiterates Neutral Rating, Raises PT on eBay
Monday, January 14, 2013 - 11:16am | 150Read More...In a report published Monday, Credit Suisse Group reiterated its Neutral rating on eBay (NASDAQ: EBAY), and slightly raised its price target from $49.00 to $50.00. Credit Suisse noted, “Our overall positive view on EBAY's underlying fundamentals remains unchanged. We raise our 4Q12, 2013, and...
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Credit Suisse Reiterates Outperform Rating, $847 PT on Google
Monday, January 14, 2013 - 11:16am | 89Read More...In a report published Monday, Credit Suisse Group reiterated its Outperform rating and $847.00 price target on Google (NASDAQ: GOOG). Credit Suisse noted, “We remain optimistic on the company's future positioning and ability to achieve our mid-teens revenue and growth forecasts, particularly...
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UPDATE: Credit Suisse Downgrades Maxim Integrated Products to Neutral, Lowers PT
Monday, January 14, 2013 - 11:16am | 171Read More...In a report published Monday, Credit Suisse Group downgraded its rating on Maxim Integrated Products (NASDAQ: MXIM) from Outperform to Neutral, and lowered its price target from $34.00 to $31.00. Credit Suisse noted, “We are downgrading MXIM to NEUTRAL from OUTPERFORM and lowering our TP to $31...
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UPDATE: Credit Suisse Upgrades Xilinx to Outperform, Raises PT
Monday, January 14, 2013 - 11:16am | 232Read More...In a report published Monday, Credit Suisse Group upgraded its rating on Xilinx (NASDAQ: XLNX) from Neutral to Outperform, and raised its price target from $37.00 to $42.00. Credit Suisse noted, “We are upgrading XLNX to Outperform from Neutral and are raising our 12-month TP to $42 from $37. We...
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UPDATE: Credit Suisse Upgrades Analog Devices to Outperform, Raises PT
Monday, January 14, 2013 - 11:03am | 178Read More...In a report published Monday, Credit Suisse Group upgraded its rating on Analog Devices (NASDAQ: ADI) from Neutral to Outperform, and raised its price target from $38.00 to $48.00. Credit Suisse noted, “We are upgrading ADI to OUTPERFORM from NEUTRAL and raising our target price to $48 from $38....
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UPDATE: Credit Suisse Upgrades Hess Corp. to Neutral, Raises PT
Monday, January 14, 2013 - 11:03am | 144Read More...In a report published Monday, Credit Suisse Group upgraded its rating on Hess Corp. (NYSE: HES) from Underperform to Neutral, and raised its price target from $62.00 to $68.00. Credit Suisse noted, “We upgrade HES to Neutral (from Underperform) and increase our target price to $68/sh (from $62/sh...
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UPDATE: Credit Suisse Initiates Coverage on Nexstar Broadcasting Group with Outperform Rating, $17 PT
Monday, January 14, 2013 - 11:02am | 120Read More...In a report published Monday, Credit Suisse Group initiated coverage on Nexstar Broadcasting Group (NASDAQ: NXST) with an Outperform rating and $17.00 price target. Credit Suisse noted, “We initiate coverage of NXST with an Outperform rating and a $17 target price. We believe NXST is positioned...
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UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on ADT Corporation
Monday, January 14, 2013 - 11:02am | 154Read More...In a report published Monday, Credit Suisse Group reiterated its Outperform rating on ADT Corporation (NYSE: ADT), and raised its price target from $50.00 to $54.00. Credit Suisse noted, “Some investors think they "missed" the chance to own ADT. We disagree, and see upside to the mid/high $50's...
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UPDATE: Credit Suisse Reiterates Neutral Rating, Lowers PT on Goldcorp
Friday, January 11, 2013 - 10:30am | 128Read More...In a report published Friday, Credit Suisse Group reiterated its Neutral rating on Goldcorp (NYSE: GG), but lowered its price target from $45.00 to $41.00. Credit Suisse noted, “The most notable successful execution of that strategy in 2012 was AEM. However, GG's guidance range is not a totally de...
