Credit Suisse Group (NYSE:CS) Scheduled to Post Quarterly Earnings on Friday

Ausiliatrice Cristiano
Luglio 28, 2017

This yielded a strong 49 percent rise in pre-tax profit. Cypress Wealth Advisors LLC now owns 20,201 shares of the financial services provider's stock valued at $300,000 after buying an additional 234 shares in the last quarter. Credit Suisse shares rose almost 3 percent, to 15.10 Swiss francs. Hennessy Advisors Inc. bought a new position in Credit Suisse Group during the first quarter worth approximately $148,000.

News headlines about Credit Suisse Group (NYSE:CS) have been trending positive this week, according to Accern.

It is trading at $15.25 barely above the 50 day moving average which is $14.58 and a tad above the 200 day moving average of $14.87.

The share price of Credit Suisse Group (NYSE:CS) was down -0.65% during the last trading session, with a day high of 15.35.

Profits from its Asia private bank slid 8 percent to 196 million francs, as revenue also fell - a drop the Helman Sitohang-led unit was easily able to offset by cutting jobs and other spending as well as through lower provision for credit losses. Equities analysts expect that Credit Suisse Group will post $1.08 EPS for the current year.

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Several brokerages recently commented on CS. Zacks Investment Research cut Credit Suisse Group from a "buy" rating to a "strong sell" rating in a research note on Wednesday, April 19th. BidaskClub downgraded Credit Suisse Group from a "buy" rating to a "hold" rating in a research note on Monday. Finally, ValuEngine raised shares of Credit Suisse Group from a "sell" rating to a "hold" rating in a research report on Tuesday, June 27th.

07/12/2016 - Sanford C. Bernstein began new coverage on Credit Suisse Group giving the company a " rating. They issued a "buy" rating on the stock. Finally, Bank of America Corporation started coverage on Credit Suisse Group in a report on Monday, June 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company.

06/28/2016 - Credit Suisse Group had its " rating reiterated by analysts at RBC Capital.

Credit Suisse Group AG (Credit Suisse) is a financial services company.

During the second quarter period in Asia the bank launched "Credit Suisse Invest", a new digital advisory solution and rolled out a digital wealth management platform in Thailand.

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