The stock of Credit Suisse Group AG (ADR) (NYSE:CS) is a huge mover today! The stock increased 6.31% or $0.78 during the last trading session, hitting $13.14. About 9.86 million shares traded hands or 156.77% up from the average. Credit Suisse Group AG (ADR) (NYSE:CS) has declined 9.45% since February 26, 2016 and is downtrending. It has underperformed by 19.88% the S&P500.
The move comes after 5 months positive chart setup for the $27.57B company. It was reported on Sep, 30 by Barchart.com. We have $16.16 PT which if reached, will make NYSE:CS worth $6.34B more.
Analysts await Credit Suisse Group AG (ADR) (NYSE:CS) to report earnings on October, 19.
Credit Suisse Group AG (ADR) (NYSE:CS) Ratings Coverage
Out of 8 analysts covering Credit Suisse Group Ag (NYSE:CS), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. Credit Suisse Group Ag has been the topic of 9 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Credit Suisse Group AG (ADR) (NYSE:CS) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, June 28. The stock has “Buy” rating given by Benchmark on Friday, January 22. Vetr upgraded Credit Suisse Group AG (ADR) (NYSE:CS) on Wednesday, August 26 to “Hold” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, June 9. The company was upgraded on Friday, May 20 by Bank of America. The firm earned “Underweight” rating on Monday, June 27 by JP Morgan. The firm has “Buy” rating given on Thursday, May 19 by UBS. The company was upgraded on Tuesday, July 28 by TheStreet. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Friday, February 5 report.
According to Zacks Investment Research, “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. 360Â° Choice.”
Another recent and important Credit Suisse Group AG (ADR) (NYSE:CS) news was published by Businessfinancenews.com which published an article titled: “Here’s Why Credit Suisse Group AG (ADR) (CS) Stock is Down Today” on June 10, 2016.
CS Company Profile
Credit Suisse Group AG (Credit Suisse), incorporated on March 3, 1982, is a financial services company. The Company’s divisions 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. It offers a range of investment advice and discretionary asset management services. It offers a range of investment services, including macroeconomic, equity, bond, commodity and foreign-exchange analysis, as well as research on the economy. The Company’s investment advice covers a range of services from portfolio consulting to advising on individual investments. The Firm offers its clients portfolio and risk management solutions, including managed investment products. It offers investment portfolio structuring and the implementation of individual strategies, including a range of structured products and alternative investments.
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