Market Overview

Why Credit Suisse's Stock Is Trading Lower Today

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Credit Suisse (NYSE: CS) shares are trading lower on Thursday after the company reported third-quarter results. The company posted a 38% drop in net profit.

Credit Suisse runs a global wealth management business, a global investment bank and is one of the two dominant Swiss retail and commercial banks. Geographically its business is tilted toward Europe and the Asia-Pacific.

Credit Suisse shares were trading down 4.84% at $9.44 on Thursday. The stock has a 52-week high of $14.12 and a 52-week low of $6.47.

 

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