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Hot Stocks
Credit Suisse falls -4.4% » 09:47
04/22/21
04/22
09:47
04/22/21
09:47
CS

Credit Suisse

$9.93 /

-0.44 (-4.24%)

Credit Suisse is down…

Credit Suisse is down -4.4%, or -46c to $9.93.

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CS Credit Suisse
$9.93 /

-0.44 (-4.24%)

CS Credit Suisse
$9.93 /

-0.44 (-4.24%)

04/21/21 Barclays
Credit Suisse price target lowered to CHF 12 from CHF 14 at Barclays
04/15/21 Deutsche Bank
Credit Suisse price target lowered to CHF 12 from CHF 15 at Deutsche Bank
04/12/21 UBS
Credit Suisse price target lowered to CHF 10.20 from CHF 12.10 at UBS
04/09/21
Fly Intel: Top five analyst downgrades
CS Credit Suisse
$9.93 /

-0.44 (-4.24%)

CS Credit Suisse
$9.93 /

-0.44 (-4.24%)

CS Credit Suisse
$9.93 /

-0.44 (-4.24%)

CS Credit Suisse
$9.93 /

-0.44 (-4.24%)

Hot Stocks
Credit Suisse sees residual impact of CHF0.6B from hedge fund matter in Q2 » 06:35
04/22/21
04/22
06:35
04/22/21
06:35
CS

Credit Suisse

$10.37 /

+0.08 (+0.78%)

Credit Suisse said:…

Credit Suisse said: "Overall, we would expect market volumes to return to lower, and more normal, levels in the coming quarters. We expect a residual impact of approximately CHF 0.6 bn from the US-based hedge fund matter in 2Q21, aswe have now exited 97% of the related positions. In Wealth Management, we anticipate broadly stable net interest income and improving recurring commissions and fees benefiting from higher levels of AuM. For the Investment Bank, we would expect the second quarter to reflect a slowdown in market activity, as well as the adverse impact from the US-based hedge fund matter, particularly from the resizing of our Prime Services business. Signs of recovery in the global economy could allow us to progressively release part of our allowance for credit losses under the CECL accounting methodology that was built in the early months of the COVID-19 crisis last year. Additionally, we expect the effective tax rate to remain significantly elevated for the remainder of the year.Including the benefit of the MCN-related capital raise as well as other proactive capital actions, weintend to achieve a CET1 ratio of approximately 13% and a minimum 4% CET1 leverage ratio."

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CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

04/21/21 Barclays
Credit Suisse price target lowered to CHF 12 from CHF 14 at Barclays
04/15/21 Deutsche Bank
Credit Suisse price target lowered to CHF 12 from CHF 15 at Deutsche Bank
04/12/21 UBS
Credit Suisse price target lowered to CHF 10.20 from CHF 12.10 at UBS
04/09/21
Fly Intel: Top five analyst downgrades
CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

Earnings
Credit Suisse reports Q1 net revenue CHF 7.57B vs. CHF 5.78B last year » 06:33
04/22/21
04/22
06:33
04/22/21
06:33
CS

Credit Suisse

$10.37 /

+0.08 (+0.78%)

Reports Q1 adjusted…

Reports Q1 adjusted pre-tax income CHF 3.6B vs. CHF946M last year. Reports Q1 CET1 ratio 12.2% vs. 12.1% last year. Thomas Gottstein, CEO of Credit Suisse Group AG, commented: "Our results for the first quarter of 2021 have been significantly impacted by a CHF 4.4 bn charge related to a US-based hedge fund. The loss we report this quarter, because of this matter, is unacceptable. Together with the Board of Directors, we have taken significant steps to address this situation as well as the supply chain finance funds matter. Among other decisive actions, we have made changes in our senior business and control functions; we have enhanced our risk review across the bank; we have launched independent investigations into these matters by external advisors, supervised by a special committee of the Board; and we have taken several capital-related actions. We will work to ensure Credit Suisse emerges stronger. However, it is also important to recognize that our underlying 1Q21 financial performance , across all divisions, was strong, supported by solid results in Switzerland, and strong growth in APAC and investment banking. We expect that our successful MCN placement today will further strengthen our balance sheet and enable us to support the momentum in our core franchises."

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CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

04/21/21 Barclays
Credit Suisse price target lowered to CHF 12 from CHF 14 at Barclays
04/15/21 Deutsche Bank
Credit Suisse price target lowered to CHF 12 from CHF 15 at Deutsche Bank
04/12/21 UBS
Credit Suisse price target lowered to CHF 10.20 from CHF 12.10 at UBS
04/09/21
Fly Intel: Top five analyst downgrades
CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

Periodicals
Bain Capital considering making bid to acquire Toshiba, Reuters reports » 06:27
04/22/21
04/22
06:27
04/22/21
06:27
BCSF

Bain Capital Specialty Finance

$15.65 /

+ (+0.00%)

, TOSYY

Toshiba

$20.50 /

+1.06 (+5.45%)

, TOSBF

Toshiba, also use TOSYY

$41.26 /

+2.26 (+5.79%)

, MFG

Mizuho Financial Group

$2.85 /

+0.03 (+1.06%)

, SMFG

Sumitomo Mitsui

$6.98 /

+0.035 (+0.50%)

Bain Capital (BCSF) is…

Bain Capital (BCSF) is considering on making a bid to acquire Toshiba (TOSYY; TOSBF), Kane Wu and Scott Murdoch of Reuters reports, citing two people familiar with the matter. Bain Capital has already entered into discussion with several Japanese banks, such as Mizuho Financial Group (MFG) and Sumitomo Mitsui Financial Group (SMFG), to secure the funding needed for the acquisition, Reuters sources added. Reference Link

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TOSYY Toshiba
$20.50 /

+1.06 (+5.45%)

BCSF Bain Capital Specialty Finance
$15.65 /

+ (+0.00%)

BCSF Bain Capital Specialty Finance
$15.65 /

+ (+0.00%)

03/01/21 Wells Fargo
Bain Capital Specialty Finance upgraded to Equal Weight at Wells Fargo
03/01/21 Wells Fargo
Bain Capital Specialty Finance upgraded to Equal Weight at Wells Fargo
06/29/20 BofA
Bain Capital Specialty Finance downgraded to Neutral from Buy at BofA
TOSYY Toshiba
$20.50 /

+1.06 (+5.45%)

03/19/21 SMBC Nikko
Toshiba upgraded to Outperform from Neutral at SMBC Nikko
02/19/21 Citi
Toshiba resumed with a Neutral at Citi
04/22/20 UBS
Toshiba downgraded to Neutral from Buy at UBS
TOSBF Toshiba, also use TOSYY
$41.26 /

+2.26 (+5.79%)

MFG Mizuho Financial Group
$2.85 /

+0.03 (+1.06%)

03/31/21 Goldman Sachs
Mizuho Financial Group upgraded to Neutral from Sell at Goldman Sachs
01/13/21 Jefferies
Mizuho Financial Group price target raised to 1,550 yen from 1,500 yen at Jefferies
10/02/20 Goldman Sachs
Mizuho Financial Group downgraded to Sell from Neutral at Goldman Sachs
06/17/20 Daiwa
Mizuho Financial Group upgraded to Outperform from Neutral at Daiwa
SMFG Sumitomo Mitsui
$6.98 /

+0.035 (+0.50%)

01/13/21 Jefferies
Sumitomo Mitsui price target raised to 4,150 yen from 3,600 yen at Jefferies
07/08/20 Goldman Sachs
Sumitomo Mitsui downgraded to Neutral from Buy at Goldman Sachs
06/05/20 Daiwa
Sumitomo Mitsui upgraded to Outperform from Neutral at Daiwa
BCSF Bain Capital Specialty Finance
$15.65 /

+ (+0.00%)

TOSYY Toshiba
$20.50 /

+1.06 (+5.45%)

TOSBF Toshiba, also use TOSYY
$41.26 /

+2.26 (+5.79%)

TOSYY Toshiba
$20.50 /

+1.06 (+5.45%)

Wednesday
Periodicals
Credit Suisse amassed over $20B of exposure to Archegos investments, WSJ says » 19:05
04/21/21
04/21
19:05
04/21/21
19:05
CS

Credit Suisse

$10.37 /

+0.08 (+0.78%)

Credit Suisse established…

Credit Suisse established over $20B of exposure to investments related to Archegos Capital, but the Swiss bank struggled to monitor its exposure before the fund was forced to liquidate many of its major positions, the Wall Street Journal's Emily Glazer, Maureen Farrell, and Margot Patrick report, citing people familiar with the matter. The U.S. family investment firm's stakes in a number of stocks swelled in the lead-up to its March collapse, but part of the investment bank had not fully implemented systems to keep pace with Archegos' rapid growth, the authors note. Credit Suisse CEO Thomas Gottstein and former chief risk officer Lara Warner only became aware of the exposure in the days preceding the forced liquidation, the authors say, citing people familiar with the bank. Reference Link

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CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

04/21/21 Barclays
Credit Suisse price target lowered to CHF 12 from CHF 14 at Barclays
04/15/21 Deutsche Bank
Credit Suisse price target lowered to CHF 12 from CHF 15 at Deutsche Bank
04/12/21 UBS
Credit Suisse price target lowered to CHF 10.20 from CHF 12.10 at UBS
04/09/21
Fly Intel: Top five analyst downgrades
CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

CS Credit Suisse
$10.37 /

+0.08 (+0.78%)

Options
Credit Suisse call volume above normal and directionally bullish » 14:05
04/21/21
04/21
14:05
04/21/21
14:05
CS

Credit Suisse

$10.29 /

+ (+0.00%)

Bullish option flow…

Bullish option flow detected in Credit Suisse with 6,948 calls trading, 1.2x expected, and implied vol increasing over 1 point to 35.56%. Jan-22 10 calls and Sep-21 10 calls are the most active options, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 0.42. Earnings are expected on April 22nd.

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CS Credit Suisse
$10.29 /

+ (+0.00%)

CS Credit Suisse
$10.29 /

+ (+0.00%)

04/21/21 Barclays
Credit Suisse price target lowered to CHF 12 from CHF 14 at Barclays
04/15/21 Deutsche Bank
Credit Suisse price target lowered to CHF 12 from CHF 15 at Deutsche Bank
04/12/21 UBS
Credit Suisse price target lowered to CHF 10.20 from CHF 12.10 at UBS
04/09/21
Fly Intel: Top five analyst downgrades
CS Credit Suisse
$10.29 /

+ (+0.00%)

CS Credit Suisse
$10.29 /

+ (+0.00%)

CS Credit Suisse
$10.29 /

+ (+0.00%)

CS Credit Suisse
$10.29 /

+ (+0.00%)

Recommendations
UBS price target raised to CHF 14 from CHF 13.70 at Barclays » 11:35
04/21/21
04/21
11:35
04/21/21
11:35
UBS

UBS

$15.37 /

-0.2 (-1.28%)

Barclays analyst Amit…

Barclays analyst Amit Goel raised the firm's price target on UBS to CHF 14 from CHF 13.70 and keeps an Underweight rating on the shares.

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UBS UBS
$15.37 /

-0.2 (-1.28%)

UBS UBS
$15.37 /

-0.2 (-1.28%)

04/12/21 Morgan Stanley
UBS price target raised to CHF 16 from CHF 15 at Morgan Stanley
04/06/21 JPMorgan
JPMorgan downgrades Credit Suisse to Neutral, sees shares to trade at discount
03/29/21 Deutsche Bank
UBS price target raised to CHF 15 from CHF 13 at Deutsche Bank
02/23/21 Barclays
UBS price target raised to CHF 13.70 from CHF 13.40 at Barclays
UBS UBS
$15.37 /

-0.2 (-1.28%)

UBS UBS
$15.37 /

-0.2 (-1.28%)

UBS UBS
$15.37 /

-0.2 (-1.28%)

Recommendations
Credit Suisse price target lowered to CHF 12 from CHF 14 at Barclays » 11:27
04/21/21
04/21
11:27
04/21/21
11:27
CS

Credit Suisse

$10.31 /

+0.02 (+0.19%)

Barclays analyst Amit…

Barclays analyst Amit Goel lowered the firm's price target on Credit Suisse to CHF 12 from CHF 14 and keeps an Overweight rating on the shares.

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CS Credit Suisse
$10.31 /

+0.02 (+0.19%)

CS Credit Suisse
$10.31 /

+0.02 (+0.19%)

04/15/21 Deutsche Bank
Credit Suisse price target lowered to CHF 12 from CHF 15 at Deutsche Bank
04/12/21 UBS
Credit Suisse price target lowered to CHF 10.20 from CHF 12.10 at UBS
04/09/21
Fly Intel: Top five analyst downgrades
04/09/21 Morgan Stanley
Credit Suisse downgraded to Equal Weight from Overweight at Morgan Stanley
CS Credit Suisse
$10.31 /

+0.02 (+0.19%)

CS Credit Suisse
$10.31 /

+0.02 (+0.19%)

CS Credit Suisse
$10.31 /

+0.02 (+0.19%)

CS Credit Suisse
$10.31 /

+0.02 (+0.19%)

Monday
Recommendations
BNP Paribas price target raised to EUR 59 at Citi » 12:53
04/19/21
04/19
12:53
04/19/21
12:53
BNPQY

BNP Paribas

$31.80 /

+0.63 (+2.02%)

Citi analyst Azzurra…

Citi analyst Azzurra Guelfi raised the firm's price target on BNP Paribas to EUR 59 and keeps a Buy rating on the shares.

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BNPQY BNP Paribas
$31.80 /

+0.63 (+2.02%)

04/13/21 JPMorgan
BNP Paribas price target lowered to EUR 60 from EUR 61 at JPMorgan
04/09/21 Morgan Stanley
BNP Paribas price target raised to EUR 63 from EUR 59 at Morgan Stanley
03/18/21 JPMorgan
BNP Paribas price target raised to EUR 61 from EUR 57 at JPMorgan
03/17/21 Berenberg
BNP Paribas price target raised to EUR 42 from EUR 32 at Berenberg
BNPQY BNP Paribas
$31.80 /

+0.63 (+2.02%)

Periodicals
Credit Suisse Prime Brokerage co-heads to depart, WSJ reports » 12:10
04/19/21
04/19
12:10
04/19/21
12:10
CS

Credit Suisse

$10.70 /

-0.14 (-1.29%)

John Dabbs and Ryan…

John Dabbs and Ryan Nelson, the co-heads of Credit Suisse Prime Brokerage, will leave the bank following the company's $4.7B Archegos loss, The Wall Street Journal's Margot Patrick reports, citing a company memo. Reference Link

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CS Credit Suisse
$10.70 /

-0.14 (-1.29%)

CS Credit Suisse
$10.70 /

-0.14 (-1.29%)

04/15/21 Deutsche Bank
Credit Suisse price target lowered to CHF 12 from CHF 15 at Deutsche Bank
04/12/21 UBS
Credit Suisse price target lowered to CHF 10.20 from CHF 12.10 at UBS
04/09/21
Fly Intel: Top five analyst downgrades
04/09/21 Morgan Stanley
Credit Suisse downgraded to Equal Weight from Overweight at Morgan Stanley
CS Credit Suisse
$10.70 /

-0.14 (-1.29%)

CS Credit Suisse
$10.70 /

-0.14 (-1.29%)

CS Credit Suisse
$10.70 /

-0.14 (-1.29%)

CS Credit Suisse
$10.70 /

-0.14 (-1.29%)

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