Market Runner: How Analysts Feel About Credit Suisse Group AG (ADR) After Today’s Significant Decline?

Market Runner: How Analysts Feel About Credit Suisse Group AG (ADR) After Today's Significant Decline?

The stock of Credit Suisse Group AG (ADR) (NYSE:CS) is a huge mover today! About 936,935 shares traded hands. Credit Suisse Group AG (ADR) (NYSE:CS) has declined 12.72% since March 10, 2016 and is downtrending. It has underperformed by 20.24% the S&P500.
The move comes after 5 months negative chart setup for the $26.44 billion company. It was reported on Oct, 13 by Barchart.com. We have $12.10 PT which if reached, will make NYSE:CS worth $1.32B less.

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) has “Underweight” rating given on Monday, June 27 by JP Morgan. UBS upgraded the shares of CS in a report on Thursday, May 19 to “Buy” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, June 28. The stock has “Neutral” rating given by Bank of America on Friday, May 20. On Friday, February 5 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The rating was maintained by Benchmark with “Buy” on Friday, January 22. Vetr upgraded the stock to “Hold” rating in Wednesday, August 26 report. On Thursday, June 9 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The stock has “Hold” rating given by TheStreet on Tuesday, July 28.

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. 360° Choice.”

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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