|Bid||3.3400 x 800|
|Ask||3.3600 x 800|
|Day's Range||3.2100 - 3.3800|
|52 Week Range||2.9900 - 10.5700|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.10 (3.06%)|
|Ex-Dividend Date||May 09, 2022|
|1y Target Est||4.41|
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Axel Lehmann, the chairman of Credit Suisse, tries to put an optimistic spin on the difficult times for Switzerland's number-two bank.
(Bloomberg) -- Credit Suisse Group AG’s losing streak took the stock closer to the price that the Swiss lender is pitching to investors in a crucial capital raise, increasing risks that underwriting banks are left holding unwanted shares. Most Read from BloombergMusk’s Neuralink Hopes to Implant Computer in Human Brain in Six MonthsAn Arizona County’s Refusal to Certify Election Results Could Cost GOP a House SeatBeverly Hills Cop Was California’s Highest-Paid Municipal WorkerNew York, Singapore
ZURICH (Reuters) -Credit Suisse is accelerating cost cuts announced just weeks ago, Chairman Axel Lehmann said on Friday, as client outflows and a slowdown in activity weigh on the Swiss bank's revenue outlook. Credit Suisse said in October it intends to reduce its cost base by around 2.5 billion Swiss francs ($2.67 billion) to about 14.5 billion in 2025. The cost savings are likely to involve more job cuts than previously announced for the first wave of reductions, including in its mainstay wealth business, according to the sources, who asked to remain anonymous because the discussions are private.