Weekly Viz 2023-03-20
Credit Suisse vs. UBS Stock Price
Finance world has been pretty turbulent these days. Last Sunday, UBS anounced that they are planning to acquire Credit Suisse, after Credit Suisse being caught in numerous scandals these years. Today, I downloaded the daily stock close price of both institutions and plot them side by side.
My Visualization
This visualization is pretty self-explanatory.
Please notice that all the visualizations are designed for desktop view, so it is recommended to view them on a desktop device.
Insights
- From 2012 to 2015, Credit Suisse consistantly has higher stock price than UBS, until it reported a loss of 2.9 billion Swiss francs at the beginning of 2016, casuing its shares to plunge to a 24-year low level (news);
- Later, between 2016 and 2021, the two closely follow each other, until March 2021, when it reported heavy losses from Archegos hedge fund scandal (news);
- Since then, Credit Suisse has been suffering from multiple scandals, and its stock price keeps declining, while UBS stock price has been stable in the range of $10 to $20.
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