According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “
Several other research analysts have also recently issued reports on CS. ValuEngine cut Credit Suisse Group from a “hold” rating to a “sell” rating in a report on Saturday, March 30th. Keefe, Bruyette & Woods cut Credit Suisse Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, March 12th. Berenberg Bank raised Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Finally, JPMorgan Chase & Co. cut Credit Suisse Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.50.
Credit Suisse Group (NYSE:CS) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.29 earnings per share for the quarter. The firm had revenue of $5.41 billion during the quarter. Credit Suisse Group had a return on equity of 4.82% and a net margin of 6.27%. Equities analysts expect that Credit Suisse Group will post 1.33 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Cornerstone Advisors Inc. boosted its holdings in Credit Suisse Group by 134.4% in the first quarter. Cornerstone Advisors Inc. now owns 2,154 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,235 shares in the last quarter. Private Capital Group LLC boosted its holdings in Credit Suisse Group by 213.1% in the first quarter. Private Capital Group LLC now owns 2,317 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,577 shares in the last quarter. Covenant Multifamily Offices LLC bought a new stake in Credit Suisse Group in the first quarter worth $40,000. Zions Bancorporation N.A. bought a new stake in Credit Suisse Group in the first quarter worth $44,000. Finally, Webster Bank N. A. bought a new stake in Credit Suisse Group in the first quarter worth $58,000.
Credit Suisse Group Company Profile
Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.
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