getquin Daily Summary 27.07.2022

Hello getquin,

we are entering the next round of earning calls. Today we have Boeing and T-Mobile US.

It's also about Credit Suisse and the Fed!

Europe🌍:

1. Credit Suisse appoints new CEO

Credit Suisse Group (CSGN.S) has appointed Ulrich Koerner, head of wealth management, as its new CEO. He is expected to scale back investment banking and cut costs by more than $1 billion to help the bank recover from a series of scandals and losses.

The Swiss bank described 2022 as a "transition year" with a changing of the guard, a restructuring aimed at curbing risk-taking in investment banking and a boost to its wealth management division.

Click here for the article: https://reut.rs/3zzq7WG

🟩 $CSGN (🔼 +2,14%)

America🌏:

2nd Fed wants to raise key interest rate further

In order to combat high inflation, the US Federal Reserve will raise its key interest rate for the second time to an extraordinarily high level. The Federal Reserve (Fed) will publish its decision on the future direction of its monetary policy on Wednesday (20:00 CEST). It is expected that key interest rates will rise again by 0.75 percentage points to a range of 2.25 to 2.5 percent. The Fed had already raised the key interest rate by 0.75 percentage points in June. The rate hike was the largest since 1994, i.e. in over 30 years. The Fed normally prefers to raise the key interest rate in steps of 0.25 percentage points.

More on the plans: https://bit.ly/3b8dVmn

Quarterly figures:

T-Mobile USA $TMUS (+0,07%)

Shares of T-Mobile US Inc. rose more than 2% in premarket trading Wednesday after the telecommunications giant raised its full-year subscriber forecast and increased its synergy targets related to its merger with Sprint. T-Mobile reported a net loss of $108 million, or 9 cents per share, compared with net income of $978 million, or 78 cents per share, in the year-ago quarter.

EPS: 🟩 $0.37 expected vs $1.94 published; difference: 423.11 %

Revenue: 🟥 $20.08 billion expected vs. $19.70 billion published; difference: -1.91 %

Source: https://on.mktw.net/3Bn8pH8

Boeing $BA (+2,4%)

EPS: 🟩 -0.10 $ expected vs 0.37 $ published; difference: -253.66 %

Revenue: 🟥 17.53 bn $ expected vs. 16.68 bn $ published; difference: -4.84 %

Stocks of the day:

🟩 TOP $TEVA (-1,17%) 8,74 € (🔼 +18,56%)

🟥 FLOP $ZWS (-0,99%) , 28,00 € (🔽 -11,11%)

🟥Most searched$ULVR (-0,71%) 47,52 € (🔽 -0,65%)

🟥 Most traded $BAS (+0,71%) , 41,45 € (🔽 -2,15%)

🟩 S&P500, 3,971.01 (🔼 +1.30%)