Credit Suisse Group - CS Stock Forecast, Price & News

Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. The company offers wealth management solutions, including investment advice and discretionary asset management services; risk management solutions, such as managed investment products; and wealth planning, succession planning, and trust services. It also provides financing and lending solutions, including consumer credit and real estate mortgage lending, real asset lending relating to ship, and aviation financing for UHNWI; standard and structured hedging, and lombard lending solutions, as well as collateral trading services; and investment banking solutions, such as global securities sales, trading and execution, capital raising, and advisory services. In addition, the company offers banking solutions, such as payments, accounts, debit and credit cards, and product bundles; asset management products; equity and debt underwriting, and advisory services; cash equities, equity derivatives, and convertibles, as well as prime services; and fixed income products, such as credit, securitized, macro, emerging markets, financing, structured credit, and other products. Further, it provides HOLT, a framework for assessing the performance of approximately 20,000 companies; and equity and fixed income research services. The company serves private and institutional clients; ultra-high-net-worth individuals, high-net-worth individuals, and affluent and retail clients; corporate clients, small and medium-sized enterprises, external asset managers, financial institutions, and commodity traders; and pension funds, hedge funds, governments, foundations and endowments, corporations, entrepreneurs, private individuals, financial sponsors, and sovereign clients. As of December 31, 2021, it operated through a network of 311 offices and branches. The company was founded in 1856 and is based in Zurich, Switzerland.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CS. Morgan Stanley lowered their target price on Credit Suisse Group from CHF 6.60 to CHF 6 in a research note on Thursday, July 28th. JPMorgan Chase & Co. raised their target price on Credit Suisse Group from CHF 6.60 to CHF 6.80 and gave the company an "underweight" rating in a research note on Thursday, May 19th. Berenberg Bank cut Credit Suisse Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 11th. StockNews.com cut Credit Suisse Group from a "hold" rating to a "sell" rating in a research note on Wednesday, August 3rd. Finally, Barclays reiterated an "underweight" rating and set a CHF 4 price objective (down previously from CHF 5) on shares of Credit Suisse Group in a research note on Thursday, July 28th. Seven analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.84.

Credit Suisse Group Price Performance

Shares of NYSE:CS traded up $0.15 during midday trading on Friday, reaching $5.86. 8,056,116 shares of the stock traded hands, compared to its average volume of 13,464,925. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $15.53 billion, a PE ratio of -4.10 and a beta of 1.39. Credit Suisse Group has a one year low of $5.05 and a one year high of $11.04. The company's 50 day moving average is $5.74 and its 200 day moving average is $7.09.

Credit Suisse Group (NYSE:CS - Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.10). The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $4.19 billion. Credit Suisse Group had a negative return on equity of 1.96% and a negative net margin of 16.11%. On average, equities research analysts anticipate that Credit Suisse Group will post -0.69 earnings per share for the current year.