Credit Suisse's Bullish Stance on Charles Schwab Amidst Chaos
Originally Published 2 years ago — by New York Post
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.