Credit Suisse questioned by regulators over recent Archegos-related stock sales

  • Regulators in the U.S. and Switzerland have requested more information from Credit Suisse (Ticker: CS) in recent days about additional stock sales associated with the collapse of Archegos Capital, the Wall Street Journal reports, citing people familiar with the matter.
  • The additional sales could lead to further losses beyond the $4.7B it already disclosed early this month, one of the people told the WSJ. Any additional losses are expected to be small by comparison.
  • Credit Suisse had sought to exit positions in ~$4B of stock related to Archegos, including a sale as recently as last week, according to people familiar with the trades.
  • In addition to information on the sales and potential losses, regulators are also asking questions about how the bank is managing its exposure to Archegos.

    Over the current book year the company from Zuerich could achieve a revenue around 20.86 billion CHF (consensus estimates). This is slightly lower than 2020's revenue of 22.39 billion CHF.

    Historical revenues and results Credit Suisse plus estimates 2020

    koersdata

    The analysts expect for 2021 a net profit of 1.16 billion CHF. For this year the consensus of Credit Suisse 's result per share is a profit of 51 cent. So the price/earnings-ratio equals 18.

    For this year the analysts expect a dividend of 19 cents per share. Credit Suisse 's dividend yield thus equals 2.07 percent. The average dividend yield of the banks equals a relatively high 2.91 percent.

    Credit Suisse 's market capitalization is based on the number of outstanding shares around 22.37 billion CHF. The Credit Suisse stock was the past 12 months quite volatile. Since last April the stock is 20 percent higher. This year the stock price moved between 7 and 14 CHF.

    Price data Credit Suisse 2007-2021

    stock analysis creditsuisse

    At 15.48 the stock trades 0.04 percent lower at 9.18 CHF.

    Analist.nl Nieuwsdienst: +31 084-0032-842
    nieuws@analist.nl

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. Analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.