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Jun 13, 2023 · The consensus rating for Credit Suisse Group stock is Buy based on the current 1 buy rating for CS. Learn more on CS's analyst rating history. Do Wall Street analysts like Credit Suisse Group more than its competitors?
- How Have Credit Suisse Shares Performed?
- Why Was The Merger with UBS Agreed?
- How Will The Merger Affect Existing Shareholders?
- Can Investors Still Buy Credit Suisse Shares?
- What About Credit Suisse Bondholders?
The performance of Credit Suisse shares over the last five years is shown in Figure 1 below: The company’s share price has steadily declined over the last five years, with a fall of 90% in the last year alone. Last week, Credit Suisse’s auditor, PricewaterhouseCoopers (PwC) identified ‘material weaknesses’ in the bank’s internal controls in its ann...
Mounting concern over the stability of Credit Suisse prompted customers to pull their funds from the bank, along with panicked shareholders. This led to fears that the bank could become insolvent without the implementation of emergency measures. The Swiss central bank provided a CHF50 billion (£44 billion) lifeline to the bank last week, but the au...
The merger between Credit Suisse valued the company at CHF3 billion (£2 billion), a near 60% discount to its valuation at the close of play last week. Existing shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held. Unusually, the merger will not be subject to shareholder approval and is expected to complete by the end of 2...
Investors are still able to buy Credit Suisse shares, either directly on the Swiss stock exchange or indirectly through American Depositary Receipts (ADRs) on the New York Stock Exchange. The shares are currently trading in line with the agreed valuation of the company, however, this will fluctuate depending on the price of the UBS shares that Cred...
Holders of additional tier-one bonds (known as AT1 bonds) have been hit particularly hard, with their value written down to zero by the merger. Russ Mould, investment director at AJ Bell, comments: ““AT1 bonds can be converted into equity or written down entirely if certain conditions are met, with the decision triggered by capital strength falling...
- Jo Groves
Mar 27, 2023 · We’re going to take a closer look at what existing and potential investors need to know about Credit Suisse shares after the merger announcement and the potential ramifications for the...
- Jo Groves
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6 days ago · Following is a timeline outlining the 168-year history of Credit Suisse Group, the Zurich-based bank that was formally absorbed on Friday by Swiss rival UBS after a 3 billion franc takeover last...
6 days ago · Credit Suisse secures a $54 billion lifeline from the Swiss central bank to shore up liquidity, and after frantic negotiations UBS agrees to buy the bank for 3 billion Swiss francs in stock...
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