Wirecard Shares May Be Worth Just 1 Euro, Bank of America Says
This article is for subscribers only.
Wirecard AG’s shares, which were trading at just over 100 euros a week ago, may be worth a single euro apiece, according to an analyst at Bank of America Corp.
“Recent news flow suggests that customers may have started to leave Wirecard and lenders may be weighing closure of credit lines,” analyst Adithya Metuku said in a note to clients on Wednesday. “Clarity on the underlying business is unlikely to arise for some time.”