|Bid||37.51 x 1300|
|Ask||37.63 x 1100|
|Day's range||37.44 - 38.45|
|52-week range||36.54 - 54.20|
|Beta (5Y monthly)||1.17|
|PE ratio (TTM)||11.94|
|Earnings date||14 Apr 2023|
|Forward dividend & yield||1.20 (3.18%)|
|Ex-dividend date||02 Feb 2023|
|1y target est||53.21|
Investors are now concerned that banking challenges in Europe could impact the U.S. markets as Credit Suisse (CS) looks to unwind its balance sheet for a sale to UBS (UBS). In an interview with Yahoo Finance's Julie Hyman and Brad Smith, State Street Chief Investment Strategist Michael Arone said, "now, for the very first time, the Federal Reserve, in a meaningful way, will have to balance its inflation-fighting credibility with financial stability," This comes as Wall Street looks for more actions from the Federal Reserve and U.S. government to restore confidence in the banking system after U.S. regulators bailed out the uninsured depositors at Silicon Valley Bank. Markets are now favoring a 25 basis point to 50 basis point hike in interest rates at the Fed's Federal Open Market Committee Meeting on March 22. Arone notes that if the Fed does not raise interest rates, then that sends a bigger signal that it may be more concerned about Europe's banking woes. Key video Moments: 00:01:12 Risk appetite for U.S. stocks 00:02:40 Banking turmoil playbook 00:04:00 The banking/financial sector 00:07:10 Europe's banking collapse impact on the U.S. Watch our full conversation with Michael Arone here.
A fork in the road for investors during all this banking turmoil.
(Bloomberg) -- Two Credit Suisse Group AG equity capital markets managing directors have resigned from the firm, according to people with knowledge of the matter.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueCredit Suisse’s Fate Was Sealed by Regulators Days Before UBS Dea