Swiss Francs

Credit Suisse EPS Could Drop 20% Following SNB Decision

Swiss francs have given back about half the value they gained immediately after the Swiss National Bank (SNB) removed the currency’s price cap against the Euro. The exchange rate, previously fixed at 1.2 EUR/CHF, fell to 0.89 and then bounced back sharply, sitting between 1.02 and 1.05 for the last few hours. Once the shock has worn off, Morgan Stanley analysts Huw Van Steenis and Bruce Hamilton expect the franc to have appreciated by about 10%, knocking 10% - 20% off earnings for . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers