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Company News for Mar 20, 2023

Zacks Equity Research
·1-min read

  • Shares of Credit Suisse Group AG CS fell 6.9% after it announced that it would be taking a loan of $54 billion from the Swiss National Bank.

  • Shares of U.S. Bancorp USB fell 9.4% on the broad sell-off in the regional banking sector.

  • Shares of FedEx Corporation FDX jumped 8% after it reported third-quarter fiscal 2023 earnings of $3.41 per share, beating the Zacks Consensus Estimate of $2.67 per share.

  • Shares of Truist Financial Corporation TFC slid 7.2% on the wider financial sector slump.

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Zacks Investment Research