|Bid||10.21 x 38800|
|Ask||10.17 x 29200|
|Day's Range||10.61 - 10.82|
|52 Week Range||6.47 - 14.12|
|Beta (5Y Monthly)||1.60|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.14 (1.34%)|
|Ex-Dividend Date||May 07, 2020|
|1y Target Est||14.32|
There was plenty of chatter this week about a possible merger of Switzerland’s two biggest banks after a finance blog reported that the chairmen of UBS and Credit Suisse have discussed a deal. Bloomberg followed up with a report saying that while Axel Weber, (UBS)’s chairman, has explored the possibility of a merger as part of normal strategic planning, there are currently no formal talks underway. UBS, the world’s biggest wealth manager, obviously has a big U.S. presence.
Gold resumed its slide on Thursday, a day after the Federal Reserve said U.S. interest rates will likely stay near zero for another three years — a pledge that ended up benefitting the dollar instead and exposing, once again, the goofy side of financial markets. “Gold prices have been in consolidation for some time, yet the Fed was unable to encourage a breakout,” Burland wrote.
Swiss bank Credit Suisse <CSGN.S> and the Qatar Investment Authority (QIA) said on Thursday they were jointly setting up a multi-billion dollar direct private credit business. QIA, which is Qatar's sovereign wealth fund and has a 5.4% stake in Credit Suisse, manages about $300 billion in assets. Credit Suisse and QIA said in a joint statement that the platform, part of Credit Suisse Asset Management’s Credit Investments Group (CIG), would provide financing mostly through secured first and second-lien loans to upper middle market and larger companies in the United States and Europe.