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The Latest Breaking News from Credit Suisse

Credit Suisse Warns On Q2 Loss, Mulls Workforce Reduction To Save Costs

Credit Suisse Group AG (NYSE:CS) is looking for another round of job cuts to manage costs after warning of a second-quarter loss, Bloomberg reported citing people familiar with the matter. The people said that the bank is mulling headcount reductions across divisions and regions. Final numbers are still to be decided, they said. …

Benzinga

Credit Suisse to increase cost cuts in wake of latest profit warning

CREDIT Suisse issued its third profit warning this year today, blaming volatile markets and caution from clients who are trading less in the wake of the Ukraine war.

Evening Standard

FTSE 100 Live: House prices rise 1% in May, Credit Suisse warning

House prices continue to defy the economic uncertainty after mortgage lender Halifax today reported further growth of 1% in May.

Evening Standard

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Broker blames 'irrational' Vatican choices for London losses

One of the principal figures in the Vatican’s bungled London real estate venture says the Holy See would have turned a profit on its valuable investment if it hadn’t pulled its money out of a fund prematurely

The Independent UK

Here's Why Barclays, Credit Suisse Analysts Were Positive On Marqeta

While neither Block, Inc (NYSE:SQ) nor Afterpay Ltd (OTC:AFTPY) was new to Marqeta, Inc's (NASDAQ:MQ) platform, the synergies of the combined company were incremental to Marqeta, Barclays analyst Ramsey El-Assal acknowledged. El-Assal projected a ~$41 million midpoint of annual revenue upside for Marqeta from SQ/APT synergies and a ~600+ bps lift for FY23 revenue growth. Credit Suisse analyst Timothy Chiodo considered…

Benzinga

Why Snap Shares Are Falling Today

Snap Inc (NYSE: SNAP) shares are trading lower Tuesday after Credit Suisse cut its price target on the social media stock.

Benzinga

Credit Suisse Slashed Snap's Price Target By 23.4%, Still Reiterated Outperform - Read Why

Snap Inc (NYSE:SNAP) recently shared its reduced expectations of Q2 FY22 revenue and EBITDA amid the challenging macroeconomic environment. Credit Suisse analyst Stephen Ju maintained an Outperform rating on Snap as it cut the price target from $77 to $59 (278.7% upside). Ju called out Snap's 1) minimal exposure to travel as consumer dollars flow from…

Benzinga

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What Are Whales Doing With MercadoLibre

Someone with a lot of money to spend has taken a bearish stance on MercadoLibre (NASDAQ:MELI). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Banker says he warned Vatican about London fund investor

The Vatican’s longtime investment banker has testified that he repeatedly voiced concerns about a fund that was investing in a troubled London property, but said the Holy See insisted on pursuing the deal even as it lost money

The Independent UK

Read How Analysts Reacted To Jack In The Box's Q2 Results

Analysts lowered the price target of Jack In The Box Inc (NASDAQ:JACK) following the company's Q2 results. Wedbush analyst Nick Setyan lowered the price target to $90 (35% upside) from $110 and maintained Outperform rating on the stock. The analyst thinks JACK's current valuation discounts an overly pessimistic view of the management's ability to…

Benzinga

Why Autodesk Shares Are Gaining Today

Analysts appreciated Autodesk, Inc (NASDAQ: ADSK) for growing amid macro headwinds.

Benzinga

Analysts See Zscaler Benefiting From Economic Slowdown, Cloud Transition Post Q3 Beat

Analysts expressed the reasons behind their optimism on Zscaler, Inc (NASDAQ:ZS) post Q3 beat. Needham analyst Alex Henderson maintained a Strong Buy rating on Zscaler and set a price target of $185. Zscaler delivered a strong Q3, easily beating street estimates, and guided well ahead of Street forecasts for the July quarter. RPO growth of 83%,…

Benzinga

Gap Analysts React To Mixed Q1 Earnings: 'Disappointed, But Not Surprised'

Shares of Gap Inc (NYSE: GPS) intially dropped more than 5% on Friday after the company reported first-quarter earnings and cut its full-year profit guidance.

Benzinga

As American Natural Gas Prices Start To Converge With Europe's, A Hedged Bet On Them Going Even Higher.

Zoltan Poszar's Predicted Commodities Disruptions

Benzinga

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Benzinga

4 Nordstrom Analysts React To Mixed Q1 Earnings: 'We Remain Skeptical'

Nordstrom, Inc. (NYSE: JWN) shares traded higher by 11% on Wednesday after the company reported strong first-quarter sales numbers and raised its full-year guidance.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For May 25, 2022

Upgrades Credit Suisse upgraded the previous rating for Molecular Partners AG (NASDAQ:MOLN) from Underperform to Neutral. NoneAt the moment, the stock has a 52-week-high of $32.04 and a 52-week-low of $5.92. Molecular Partners closed at $6.88 at the end of the last trading period.

Benzinga

Read How Analyst Reacted To Deere's Q2 Results

Deere & Company (NYSE:DE) reported second-quarter FY22 results on Friday; below are the reactions from the analysts. Wells Fargo analyst Seth Weber lowered the price target for Deere to $410 (an upside of 22%) from $455 while maintaining the Overweight rating on the shares. The analyst understands angst around the rebalance but doesn't…

Benzinga

This Is What Whales Are Betting On MercadoLibre

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For May 18, 2022

Benzinga

Credit Suisse Maintains Outperform Rating for Cisco Systems: Here's What You Need To Know

Credit Suisse has decided to maintain its Outperform rating of Cisco Systems (NASDAQ:CSCO) and lower its price target from $73.00 to $72.00. Shares of Cisco Systems are trading down 0.14% over the last 24 hours, at $49.49 per share.

Daily Record

Metals firm handed £586m Scottish Government support package facing court bankruptcy fight

Taxpayers could be hit with crippling losses if businessman Sanjeev Gupta’s GFG Alliance goes under as a result of the controversial deal signed by SNP ministers.

Benzinga

Credit Suisse Maintains Outperform Rating for Endeavor Gr Hldgs: Here's What You Need To Know

Credit Suisse has decided to maintain its Outperform rating of Endeavor Gr Hldgs (NYSE:EDR) and lower its price target from $45.00 to $40.00. Shares of Endeavor Gr Hldgs are trading up 17.5% over the last 24 hours, at $21.55 per share.

Benzinga

'Remain Cautious On Mortgage Originators': Rocket Companies Analysts React To Mixed Q1 Earnings

Rocket Companies Inc (NYSE: RKT) shares are trading lower by 5.5% after the mortgage lender reported a sharp decline in revenue.

Benzinga

Credit Suisse Maintains Outperform Rating for Electronic Arts: Here's What You Need To Know

Credit Suisse has decided to maintain its Outperform rating of Electronic Arts (NASDAQ:EA) and lower its price target from $169.00 to $162.00. Shares of Electronic Arts are trading up 11.88% over the last 24 hours, at $124.86 per share.

Benzinga

Credit Suisse Maintains Neutral Rating for Groupon: Here's What You Need To Know

Credit Suisse has decided to maintain its Neutral rating of Groupon (NASDAQ:GRPN) and lower its price target from $29.00 to $23.00. Shares of Groupon are trading down 10.15% over the last 24 hours, at $14.07 per share. A move to $23.00 would account for a 63.47% increase from the current…

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