Current
On Monday, Credit Suisse Bank shares fell to a new all-time low of 3.52 francs. The ailing major bank remains a relevant topic, on the one hand for the Swiss market, but also on the international financial markets. More and more analysts are now correcting their price targets significantly downwards. The lowest price target was set byUS equity analysts at CFRA at just 3.50 francs. The negative headlines regarding Credit Suisse are likely to continue for some time. Moreover, although the bank is planning to restructure, it has never been able to convince with such plans in the past.
According to HSBC, the recovery of the Credit Suisse share price is particularly relevant to the recovery of the profitability of banking operations, but this has become much more difficult in the current difficult market environment. In this context, a capital increase of Credit Suisse in the near future, i.e. sales of further parts of the company, cannot be ruled out.
Analysis
Although the share price has recovered since the low of $3.70 on Oct. 03. temporarily recovered by over 22%, rising to $4.48. However, the share price is down again today by over 7% and the stock currently stands at $4.18. Trading the share is therefore very risky due to the current high volatility. If the share price were to fall further, as it did after the negative analyst estimates, the share price could also fall below $4.00 and stay below that level permanently. However, in the long term, the share has been hitting further and further all-time lows for years. However, in order to be able to speak of a recovery in the event of a possible rise, the price should again reach prices above $7.00 and thus a level above the Corona crash in 2020.
