At the beginning of 2018, the stock price of bank Credit Suisse stood at $19.34. As of market close on Tuesday, it was down to $4.50.

Wall Street is not happy with the institution. A look at the balance sheet gives some examples of why. In its 2021 fiscal year, ending on December 31, Credit Suisse Group, parent of the bank, had $22.5 billion in revenue before loan losses. After, down to $18.3 billion on provision for loan losses of $4.2 billion, according to data from S&P Global Market Intelligence. After legal settlements and impairments of good will, net income was -$1.65 billion.

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Erik Sherman

 

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