For the first time under 5 francs!
Credit Suisse shares cost less than a five-franc
Almost 43 percent! Credit Suisse stock has lost that much in value this year. This makes the big bank one of the worst papers in the leading index SMI.
Published: 11:53 am
|
Updated: 52 minutes ago
Switzerland goes on vacation. Credit Suisse (CS) shares are also traveling. One person’s joy is another’s sorrow. Investors, small shareholders and the employees of the big bank should worry regarding the new historic low of the CS share.
4.99 francs! What sounds like a special offer at a discounter is the value of a CS share on Friday. Paper from the big bank has never cost so little. negative record.
Dealer speaks of “alarm signal”
Almost 43 percent! The CS title has lost so much value in the current year alone. With this performance, the big bank is one of the worst papers in the leading index SMI this year. Most stocks in the SMI are in positive territory on Friday, and the big bank UBS, in contrast to CS, is also in the green.
“There is talk of an alarm signal on the market,” writes the AWP business agency. If the title falls further, this might trigger “deprivation sales”. A price of less than 5 francs is new territory for investors, says a trader.
War in Ukraine, rising interest rates, fears of recession: Investors are trying to reduce and reallocate investment risks. Also, the series of scandals at CS in recent years does not necessarily inspire confidence in future flights of fancy.
Investors who bought CS at peak prices of 96 francs before the outbreak of the financial crisis in mid-2007 are likely to be most upset. But those who bought the share at around 19 francs in the following year should also have their fists in the sack. (euros)
