Could Credit Suisse Group AG (ADR) Gain Strenght? Option Traders Don’t Think So

 Could Credit Suisse Group AG (ADR) Gain Strenght? Option Traders Don't Think So

In today’s session Credit Suisse Group AG (ADR) (CS) recorded an unusually high (2,590) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CS decrease. With 2,590 contracts traded and 53744 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CS161216P00012500 closed last at: $0.6 or 7.7% down. About 1.61 million shares traded hands. Credit Suisse Group AG (ADR) (NYSE:CS) has declined 11.24% since March 8, 2016 and is downtrending. It has underperformed by 20.55% the S&P500.

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. $29.30 is the highest target while $16 is the lowest. The $22.65 average target is 70.05% above today’s ($13.32) stock price. Credit Suisse Group Ag has been the topic of 9 analyst reports since July 28, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the shares of CS in a report on Monday, June 27 to “Underweight” rating. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Friday, February 5 report. The firm has “Equal-Weight” rating given on Thursday, June 9 by Barclays Capital. RBC Capital Markets downgraded Credit Suisse Group AG (ADR) (NYSE:CS) on Tuesday, June 28 to “Sector Perform” rating. The stock of Credit Suisse Group AG (ADR) (NYSE:CS) earned “Hold” rating by Vetr on Wednesday, August 26. Benchmark maintained the stock with “Buy” rating in Friday, January 22 report. On Tuesday, July 28 the stock rating was upgraded by TheStreet to “Hold”. Bank of America upgraded the shares of CS in a report on Friday, May 20 to “Neutral” rating. UBS upgraded Credit Suisse Group AG (ADR) (NYSE:CS) on Thursday, May 19 to “Buy” rating.

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.”

Credit Suisse Group AG is a financial services company. The company has a market cap of $28.31 billion. 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 currently has negative earnings. The Swiss Universal Bank division offers advice and a range of financial solutions to private, corporate and institutional clients.

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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