Exclusive: It Seems Credit Suisse Group AG (ADR) Will Go Down. Have Another Big Decline

Exclusive: It Seems Credit Suisse Group AG (ADR) Will Go Down. Have Another Big Decline

The stock of Credit Suisse Group AG (ADR) (NYSE:CS) is a huge mover today! About 4.72 million shares traded hands. Credit Suisse Group AG (ADR) (NYSE:CS) has declined 0.40% since April 14, 2016 and is downtrending. It has underperformed by 5.09% the S&P500.
The move comes after 5 months negative chart setup for the $29.49B company. It was reported on Nov, 16 by Barchart.com. We have $12.99 PT which if reached, will make NYSE:CS worth $2.65B less.

Credit Suisse Group AG (ADR) (NYSE:CS) Ratings Coverage

Out of 10 analysts covering Credit Suisse Group Ag (NYSE:CS), 4 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 40% are positive. Credit Suisse Group Ag has been the topic of 12 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Credit Suisse Group AG (ADR) (NYSE:CS) has “Sector Perform” rating given on Tuesday, June 28 by RBC Capital Markets. Barclays Capital downgraded the shares of CS in a report on Thursday, June 9 to “Equal-Weight” rating. The stock of Credit Suisse Group AG (ADR) (NYSE:CS) has “Buy” rating given on Monday, November 14 by Bank of America. Benchmark maintained the stock with “Buy” rating in Friday, January 22 report. As per Friday, May 20, the company rating was upgraded by Bank of America. Vetr upgraded Credit Suisse Group AG (ADR) (NYSE:CS) on Wednesday, August 26 to “Hold” rating. The firm has “Equal-Weight” rating given on Friday, February 5 by Morgan Stanley. TheStreet upgraded the stock to “Hold” rating in Tuesday, July 28 report. The firm has “Neutral” rating by Macquarie Research given on Friday, November 4. The firm has “Underweight” rating given on Monday, June 27 by JP Morgan.

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.”

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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