Credit Suisse's Bullish Stance on Charles Schwab Amidst Chaos
TL;DR Summary
Despite being forced to reassure investors with a $54 billion bailout, Credit Suisse analysts sent out a research note to clients declaring they were bullish on shares of Charles Schwab, raising its rating on the stock to "outperform." This move has been criticized by some as Credit Suisse should focus on its own balance sheets instead of opining on the need for liquidity at other banks.
- Credit Suisse, mired in chaos, says it's bullish on Charles Schwab New York Post
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- Latest on global stock markets: Live updates CNN
- Credit Suisse falls prey to a crisis of confidence Financial Times
- Can Credit Suisse Stay Independent? Bloomberg
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