Credit Suisse Rebounds From ‘Pork Chop’ Share Price — Market Talk

1516 GMT Shares of Credit Suisse rebounded on Thursday from the previous day’s decline, which saw them dip below the CHF10 mark. The fall below a level deemed psychologically important by local Swiss media prompted extensive coverage–one newspaper noted that the closing share price of CHF9.92 on Wednesday was less than what would be need to buy a package of pork chops at a Zurich supermarket. For that matter, other things in Switzerland that would have cost more than a share of Credit Suisse on Wednesday include a chicken kebab at Zurich’s main train station, or a strong cocktail at a local bar during happy hour. The shares rose 2.3% late Thursday, reaching 10.14 CHF. (john.letzing[a]wsj.com)

 
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