Credit Suisse: Heading to Bankrupcy?
Is this stock really heading to bankrupcy? Maybe. It looks like that's the case from a technical analysis perspective. The stock's price has been dropping consistently over the years dating all the way back to 2014. As of today, on Tuesday April 18, 2023, the stock's price is at $0.92 ....less than a dollar. This is the first time the stock has dipped below $1. News on Yahoo finance reveals a plan by another investment company called UBS Group to acquire Credit Suisse Group. Earnings announcements show that net income has gone in the negatives in 2022. Before 2022, CS stock was producing positive earnings reports.
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