Credit Suisse Declined Nearly 3% in Premarket Trading as It Warned of Q1 Loss

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Credit Suisse Declined Nearly 3% in Premarket Trading as It Warned of Q1 Loss

Tiger Newspress2022-04-20

Credit Suisse declined nearly 3% in premarket trading as it warned of Q1 loss.It said Wednesday that it expects to report a loss for the first quarter as a result of setting aside more money for legal issues.

It also flagged that its franchise faced headwinds during the quarter. "Our underlying results have been adversely impacted by a reduction in capital market issuances and by lower business activity," the bank said.

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Comment（4）

Yann Chan
·2022-04-20
Ok
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FU5591
·2022-04-20
gd
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Jialatsia
·2022-04-20
Meep
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Dawlim
·2022-04-20
Not surprise at all. Greensill dispute is still a blackbox since CS top mgmt decide not to publish the full report. Still a big thumb down for me!
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Greensill dispute is still a blackbox since CS top mgmt decide not to publish the full report. Still a big thumb down for me!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086697005","repostId":1103279441,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":46,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}