Credit Suisse Group (NYSE:CS) Announces Earnings Results

Credit Suisse Group (NYSE:CS) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01, Morningstar.com reports. The business had revenue of $5.57 billion during the quarter. Credit Suisse Group had a net margin of 7.09% and a return on equity of 5.45%.

Shares of NYSE CS traded down $0.09 during mid-day trading on Friday, reaching $11.74. The company had a trading volume of 3,536,627 shares, compared to its average volume of 2,379,900. The business has a fifty day simple moving average of $12.01. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 3.65. The stock has a market capitalization of $30.27 billion, a P/E ratio of 13.98 and a beta of 1.40. Credit Suisse Group has a 12-month low of $10.23 and a 12-month high of $15.99.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brandes Investment Partners LP lifted its position in shares of Credit Suisse Group by 14.1% in the first quarter. Brandes Investment Partners LP now owns 4,319,351 shares of the financial services provider’s stock worth $50,321,000 after purchasing an additional 532,324 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Credit Suisse Group by 14.6% during the first quarter. Parametric Portfolio Associates LLC now owns 2,938,799 shares of the financial services provider’s stock valued at $34,237,000 after acquiring an additional 374,278 shares in the last quarter. Aperio Group LLC raised its position in Credit Suisse Group by 10.1% during the second quarter. Aperio Group LLC now owns 1,230,919 shares of the financial services provider’s stock valued at $14,734,000 after acquiring an additional 112,734 shares in the last quarter. Janney Capital Management LLC raised its position in Credit Suisse Group by 5.1% during the first quarter. Janney Capital Management LLC now owns 901,054 shares of the financial services provider’s stock valued at $10,497,000 after acquiring an additional 43,532 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Credit Suisse Group by 1.4% during the first quarter. BNP Paribas Arbitrage SA now owns 557,405 shares of the financial services provider’s stock valued at $6,494,000 after acquiring an additional 7,482 shares in the last quarter. 2.69% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Credit Suisse Group in a research report on Friday, July 5th. They issued a “market perform” rating for the company. Zacks Investment Research raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday. Finally, ValuEngine lowered shares of Credit Suisse Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Credit Suisse Group has an average rating of “Hold” and a consensus price target of $14.50.

Credit Suisse Group Company Profile

Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.

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Earnings History for Credit Suisse Group (NYSE:CS)

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