By Kuldip K. Ambastha
On the trading day of February 9, 2023, the stock price of Credit Suisse Group AG (CS), a Swiss financial institution, fell by -15.6% per share. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of October 24-28, 2022; By Kuldip K. Ambastha.”) Credit Suisse’s 4Q2022 results were less than ideal, with a negative earnings per share figure (-$0.50) reported, and its wealth management arm has struggled mightily with outflows from an assets under management perspective. For the full year of 2022, the institution disclosed a loss of $7.9 billion. Credit Suisse may need to be overhauled massively to regain the confidence of investors.
Keywords – Credit Suisse Group AG, Credit Suisse Group, Credit Suisse, CS, Switzerland, Swiss, financial institution, 4Q2022, earnings per share, wealth management, assets under management, 2022, loss, confidence, investors.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in CS.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2023 – Ambastha Financial LLC.
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