Credit Suisse Says It's Going to Take Another Archegos Charge. Here's What Analysts Are Saying.

Barrons2021-04-22

Expectations weren’t high heading into Credit Suisse‘s first-quarter results, having already issued a profit warning, but the Swiss bank still managed to shock the analysts that follow the banking ...

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Comments

mwsi7128
2021-04-22
mwsi7128
Wow another surprise [驚訝] how many surpirse from CS !
EmmyLok
2021-04-22
EmmyLok
nice
Ai_Ling
2021-04-22
Ai_Ling
Noted
JJCC97
2021-04-22
JJCC97
Nice

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Here's What Analysts Are Saying.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 20:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/heres-what-analysts-are-saying-about-credit-suisses-new-archegos-loss-51619092708?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Expectations weren’t high heading into Credit Suisse‘s first-quarter results, having already issued a profit warning, but the Swiss bank still managed to shock the analysts that follow the banking ...</p>\n\n<a href=\"https://www.barrons.com/articles/heres-what-analysts-are-saying-about-credit-suisses-new-archegos-loss-51619092708?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.barrons.com/articles/heres-what-analysts-are-saying-about-credit-suisses-new-archegos-loss-51619092708?mod=RTA","article_id":"1121350855","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121350855","pubTimestamp":1619093209,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Expectations weren’t high heading into Credit Suisse‘s first-quarter results, having already issued ","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"瑞士信贷表示，它将接受另一个Archegos的指控。分析师们是这么说的。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CS":0.9},"content_text":"Expectations weren’t high heading into Credit Suisse‘s first-quarter results, having already issued a profit warning, but the Swiss bank still managed to shock the analysts that follow the banking giant.\nThe bank announced it was raising $1.9 billion in fresh capital, and said there would be a charge in the second quarter relating to the losses at Archegos Capital Management, after incurring a 4.4 billion franc charge in the first quarter.\nCredit Suisse shares dropped 6% in midday Zurich trade and have lost about 30% since the bank first disclosed it would take a loss on Archegos.\nUBS analysts led by Daniele Brupbacher said the fundraising came earlier than the market expected. “This capital increase probably comes earlier than the market expected even though we regarded CS’ capital situation as tight going into a likely strategy review,” they said.\nAndrew Coombs,an analyst at Citi,made a similar comment. “We are surprised by this action and the dilution should be poorly received, but should help to take capital concerns off the table,” said Coombs, who has a buy rating.\nCredit Suisse also said it was “reasonably possible” it will have to take a loss over the suspension of $10 billion worth of supply-chain funds tied to fallen Greensill Capital. 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