Credit Suisse Group (CS) Upgraded at Santander
Santander upgraded shares of Credit Suisse Group (NYSE:CS) from an underperform rating to a buy rating in a research report report published on Tuesday, The Fly reports.
A number of other equities analysts also recently issued reports on the stock. Deutsche Bank AG raised shares of Credit Suisse Group from a hold rating to a buy rating in a report on Monday, June 19th. Morgan Stanley reaffirmed a buy rating on shares of Credit Suisse Group in a report on Tuesday, July 18th. Citigroup Inc. reaffirmed a buy rating on shares of Credit Suisse Group in a report on Friday, September 8th. Bank of America Corporation started coverage on shares of Credit Suisse Group in a report on Monday, June 19th. They set a buy rating on the stock. Finally, UBS AG reaffirmed a buy rating on shares of Credit Suisse Group in a report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $16.50.
Shares of Credit Suisse Group (NYSE:CS) traded up 0.51% on Tuesday, reaching $15.80. 2,336,554 shares of the company traded hands. The firm has a 50-day moving average price of $15.05 and a 200 day moving average price of $14.80. Credit Suisse Group has a one year low of $12.25 and a one year high of $16.17. The company’s market capitalization is $40.34 billion.
Credit Suisse Group (NYSE:CS) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). The firm had revenue of $5.28 billion for the quarter. Credit Suisse Group had a negative return on equity of 2.93% and a negative net margin of 4.84%. Equities analysts forecast that Credit Suisse Group will post $1.08 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of CS. JFS Wealth Advisors LLC raised its stake in Credit Suisse Group by 5.0% in the 2nd quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 338 shares during the period. Quadrant Capital Group LLC raised its stake in Credit Suisse Group by 75.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 4,466 shares during the period. Two Sigma Securities LLC bought a new stake in Credit Suisse Group in the 1st quarter valued at about $153,000. M&T Bank Corp bought a new stake in Credit Suisse Group in the 2nd quarter valued at about $154,000. Finally, Fiera Capital Corp bought a new stake in Credit Suisse Group in the 2nd quarter valued at about $164,000. 2.94% of the stock is currently owned by institutional investors.
About Credit Suisse Group
Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.
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