CS - Why Shares of Credit Suisse Horizon Bancorp and First Foundation Are Falling This Week
Shares of several bank stocks struggled this week after the banks reported their third-quarter earnings results for the year.
As of market close Thursday, shares of the large Swiss bank Credit Suisse (NYSE: CS) were down nearly 19% for the week, according to data provided by S&P Global Market Intelligence .
Meanwhile, shares of the Indiana-based Horizon Bancorp (NASDAQ: HBNC) traded 18.5% down, while shares of Dallas-based First Foundation (NASDAQ: FFWM) ended Thursday down 11.4%.
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Why Shares of Credit Suisse, Horizon Bancorp, and First Foundation Are Falling This Week