CSGKF News and Press, Credit Suisse Group AG From 11/01/22

Summary Credit Suisse Group AG reported a huge net loss for 3Q2022. The bank announced a full-scale restructuring program. The Swiss bank's stock plunged to muti-year lows after the results were announced. It is highly there will be a recession soon enough. The bank is...

Summary Higher interest rates will eventually act as a brake to this economy on steroids that is mainly funded through extreme fiscal largesse and printed money by central banks. Either inflation must come down or interest rates have to go up further. Or both. And probably both. ...

Credit Suisse Group AG (CS) Q3 2022 Earnings Conference Call October 27, 2022 02:00 AM ET Company Participants Kinner Lakhani - Head of Investor Relations & Group Strategy and Development Ulrich Körner - Chief Executive Officer Dixit Joshi - Chief Financ...

The following slide deck was published by Credit Suisse Group AG in conjunction with their 2022 Q3 earnings call. For further details see: Credit Suisse Group AG 2022 Q3 - Results - Earnings Call Presentation

Summary Credit Suisse shares have been suffering for a while since 2021. But the recent several months were a disaster for its shares. There have been rumors recently the bank is about to be liquidated. This is not true even though the bank may need to attract further capital....

Summary Credit Suisse stock is showing curiously close correlations with yields and the USD. The recent recovery in Credit Suisse stock comes in tandem with the market pricing in more accommodative credit conditions going forward. The euro is trying to breakout from its downtr...

Summary Harris Associates’ 13F portfolio value decreased from $75.90B to $62.85B this quarter. They increased Amazon.com, Meta Platforms, and Salesforce while reducing Keurig Dr. Pepper, Humana, Regeneron Pharma, CVS Health, Constellation Brands, and General Dynamics. T...

Summary While overall income has risen by 40% since the end of 2019, the 12 biggest firms now have the same number of what are known as “front office producers” as they had then. Many of the extra people are software engineers, hired to make banks leaner and customer...

Summary After turning pound-the-table bullish on Apple shares in May of 2016, I turned pound-the-table bearish in December of 2021. Since then Apple shares are lower, however, they have outperformed the broader market, and Apple shares have held up far better than speculative fare...

Summary It’s still surprising to me to see the vast differences of opinion on what’s going to happen to stock (and bond) markets in the next few weeks and months. It would be highly unlikely that high-yield credit spreads would rally substantially if there was a vali...