All these $CS Archegos Cassandras and gazillion headlines and barely 70bps hit to CET1... Ends 1Q21 at 12.2% CET1.. will go to 13% again soon post MTN raise on April 22 & other capital actions including cutting dividends and buybacks..

https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-1q2021-slides-analysts.pdf https://twitter.com/gamesblazer06/status/1379437362715881476
Very strong underlying profits at CHF 3.6B +280% YoY.. CHF4.4B Archegos hit translating into loss CHF757MM... but better than expected CHF900MM.. small 20bps Archegos leaked into 2Q21..& 97% out of positions.

CHF900MM Archegos loss leaked into 2Q21.. barely 20bps..

$CS
Very strong underlying profits at CHF 3.6B +280% YoY.. CHF4.4B Archegos hit translating into loss CHF757MM... but better than expected CHF900MM.. small 20bps Archegos leaked into 2Q21..& 97% out of positions. CHF900MM Archegos loss leaked into 2Q21.. barely 20bps.. $CS
Very strong underlying profits at CHF 3.6B +280% YoY.. CHF4.4B Archegos hit translating into loss CHF757MM... but better than expected CHF900MM.. small 20bps Archegos leaked into 2Q21..& 97% out of positions. CHF900MM Archegos loss leaked into 2Q21.. barely 20bps.. $CS
Very strong underlying profits at CHF 3.6B +280% YoY.. CHF4.4B Archegos hit translating into loss CHF757MM... but better than expected CHF900MM.. small 20bps Archegos leaked into 2Q21..& 97% out of positions. CHF900MM Archegos loss leaked into 2Q21.. barely 20bps.. $CS
Very strong underlying profits at CHF 3.6B +280% YoY.. CHF4.4B Archegos hit translating into loss CHF757MM... but better than expected CHF900MM.. small 20bps Archegos leaked into 2Q21..& 97% out of positions. CHF900MM Archegos loss leaked into 2Q21.. barely 20bps.. $CS
$CS 5 Yr Sr. CDS crashing... +56bps.
$CS 5.1% High Trigger AT1/CoCos trading over par now to 100.789.. or +337bps to 2030 Call. Traded recently as wide as +400bps on March 31, 2020.

10 Yr Cash Senior Holdco now trading -5bps tighter to +125bps post 1Q21 earnings.
1Q21: CHF757MM pretax loss coz CHF4.4billion Archegos charge However, underlying V Strong w Rev +31% YoY strength across platform. IB revenues +70% YoY & +68% QoQ, with FICC +21% YoY, Equity Trading +15% YoY, Cap Mkts CHF 28.4B in Inflows, Net New Money of CHF10.3B in Asset Mgmt.
$CS expects +CHF600MM or ≈20bps hit to CET1 in 2Q21 coz Archegos - 97% out of all positions. Greensill Fund collected USD5.4bilion & repaid USD4.8b. CS’s Prop Greensill bridge loan of USD140MM has seen a USD50MM repayment. The remaining USD90MM is already marked down to 33c.
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