Credit Suisse Group AG (ADR) (CS) is Downgraded by JP Morgan to Underweight

Credit Suisse Group AG (ADR) (CS) was Downgraded by JP Morgan to ” Underweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Jun 27, 2016.

Many Wall Street Analysts have commented on Credit Suisse Group AG (ADR). Credit Suisse Group AG (ADR) was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jun 13, 2016. Credit Suisse Group AG (ADR) was Upgraded by BofA/Merrill to ” Neutral” on May 20, 2016. Credit Suisse Group AG (ADR) was Downgraded by Exane BNP Paribas to ” Underperform” on Apr 5, 2016.

On the company’s financial health, Credit Suisse Group AG (ADR) reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $-0.08. The company had revenue of $4750.00 million for the quarter, compared to analysts expectations of $5014.60 million. The company’s revenue was down -26.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.

Credit Suisse Group AG (ADR) closed down -2.21 points or -16.11% at $11.51 with 1,74,61,685 shares getting traded on Friday. Post opening the session at $11.59, the shares hit an intraday low of $11.44 and an intraday high of $11.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private corporate and institutional clients. The Private Banking & Wealth Management comprises the Wealth Management Clients Corporate & Institutional Clients and Asset Management businesses. Asset Management offers a range of investment products and solutions across asset classes and for all investment styles serving governments institutions corporations and individuals across the world. Investment Banking offers investment banking and securities products and services to corporate institutional and government clients around the world. Its products and services include debt and equity underwriting sales and trading M&A advice divestitures corporate sales restructuring and investment research.

Credit Suisse Group AG (ADR)

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