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REUTERS/Stefano Rellandini/File Photo Credit Suisse is adding more firepower to its stock trading business. Alexander Englander is joining Credit Suisse from Barclays as its head of equity sales in the Americas, according to an internal memo reviewed by Business Insider Anthony Buoscio is also joining the Swiss bank from Bank of America Merrill Lynch, where […]
Scott Olson/Getty Images Credit Suisse analyst Damien Boey has developed a valuation method for Bitcoin combining two seemingly unique factors. Those factors are: the size of the bitcoin network, and the yield spread on BBB rated bonds. The Credit Suisse model settles on a fair value that is “almost half” its current price — around $ […]
Thomson Reuters News that activist investor D.E. Shaw wants a potentially larger stake in Lowe‘s has caused its shares to climb. Seth Sigman, an analyst at Credit Suisse, sees additional upside for the home retailer, as there are three things that make the company attractive. Relative to its rival Home Depot, Sigman sees Lowe’s as […]
Frank Polich/Reuters Recent options-trading activity suggests “a more fundamental shift in outlook, rather than just bullish tactical positioning,” according to Credit Suisse. The past two weeks have seen a drop in the S&P 500’s six-month skew, which measures option prices betting on a decline relative to those betting on a rise. That’s a noteworthy difference from […]
REUTERS/Stefano Rellandini/File Photo Credit Suisse hired two top research analysts away from UBS. Doug Mitchelson joins the bank as managing director in equity research covering the media, cable/satellite, and telecommunications sectors. Brian Russo joins as a vice president working in the same sector. The bank has now hired at least six managing directors in research from UBS […]
Andy Clark/Reuters The demographic makeup of the US will change dramatically over the course of the next 10 years, and a new report from a group of Credit Suisse analysts led by Seth Sigman shows that those changes could have a big impact on consumer spending and the well-being of certain industries. According to the […]
REUTERS/Stefano Rellandini/File Photo Credit Suisse has promoted Andy Lipsky and David Wah to co-heads of investment banking and capital markets in the Americas, according to an internal memo seen by Reuters and confirmed by a spokesman from Credit Suisse. Both of the appointees previously held senior level roles at Credit Suisse. Lipsky was head of […]
EUROPE’S most troubled big banks may at last be on the road to recovery. Not only is economic growth perking up; uncomfortable decisions, put off too long, are also being taken. In recent months UniCredit, Italy’s largest lender, has written down bad debt by €8.1bn ($ 8.7bn) and tapped shareholders for €13bn. Deutsche Bank, Germany’s […]
Credit Suisse Coca-Cola Company’s stock price has fallen 7% over the last year as investors have come to realize consumers are becoming increasingly wary of sugary drinks. But Credit Suisse equity analyst Laurent Grandet says Coke is set to “sparkle” again with new CEO James Quincey taking over May 1 and a promising turnaround plan in place. Grandet […]
Credit Suisse The rise of high-frequency trading in the US stock market has been nothing if not controversial. The practice, which uses complex algorithms to analyze multiple markets and execute orders based on market conditions, has divided Wall Streeters into two camps: those who think the stock market has benefited from their existence, and those who argue to […]
