Analyst Rating Update on Credit Suisse Group (CS)

Credit Suisse Group (CS) : 4 analysts are covering Credit Suisse Group (CS) and their average rating on the stock is 3.5, which is read as a Hold. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Company shares have received an average consensus rating of Hold for the current week Also, Bernstein initiates coverage on Credit Suisse Group (NYSE:CS). Bernstein has a Underperform rating on the shares. The rating by the firm was issued on July 12, 2016.


Credit Suisse Group (NYSE:CS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.83 and $10.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.02, notching a gain of 1.94% for the day. The total traded volume was 4,786,271 . The stock had closed at $10.81 on the previous day.

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.

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