CS - Credit Suisse Group AG

NYSE - NYSE Delayed Price. Currency in USD
12.01
-0.35 (-2.83%)
At close: 4:02PM EDT

11.90 -0.11 (-0.92%)
Pre-Market: 7:46AM EDT

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Previous Close12.36
Open12.08
Bid11.89 x 3100
Ask11.90 x 3000
Day's Range11.99 - 12.13
52 Week Range10.23 - 17.26
Volume4,944,774
Avg. Volume3,552,806
Market Cap30.619B
Beta (3Y Monthly)1.16
PE Ratio (TTM)N/A
EPS (TTM)-0.14
Earnings DateN/A
Forward Dividend & Yield0.26 (2.10%)
Ex-Dividend Date2018-05-04
1y Target Est16.02
Trade prices are not sourced from all markets
  • UBS Feels the Pain From Spooked Billionaires
    Bloomberg22 hours ago

    UBS Feels the Pain From Spooked Billionaires

    Volatile earnings was one reason the bank pivoted away from securities trading after the financial crisis to focus on the steadier business of investing for the rich. In fact, “the behavior of our wealth management and institutional clients is highly correlated this time around,” he told a Morgan Stanley conference on Wednesday.

  • Moody's2 days ago

    Phoenix Emerging Markets B.V. -- Moody's upgrades repack notes of Phoenix Emerging Markets B.V. following update of methodology

    Moody's explained that the rating action taken today results from the adoption of an updated approach to rating repackaged securities published in March 2019 (http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_1127292). The upgrade reflects a change of its approach for selecting loss benchmarks for repackaged securities. The principal methodology used in this rating was "Moody's Approach to Rating Repackaged Securities" published in March 2019.

  • At Hedge Fund That Owns Trump Secrets, Clashes and Odd Math
    Bloomberg3 days ago

    At Hedge Fund That Owns Trump Secrets, Clashes and Odd Math

    The 2016 presidential campaign had just ended, and Michael Cohen was fresh off handling hush money for Donald Trump. Now he was working on behalf of Chatham Asset Management, a $4.3 billion hedge fund that owns the National Enquirer. Chatham and the Enquirer’s publisher, David Pecker, had turned to Trump’s fixer as a mediator.

  • Italy’s Nexi Will File for Up to $3.1 Billion Milan IPO in April
    Bloomberg3 days ago

    Italy’s Nexi Will File for Up to $3.1 Billion Milan IPO in April

    Nexi plans to issue a mix of existing and new shares by the end of April, it said in a statement Monday. A representative for Nexi declined to comment. Nexi investors Advent International, Bain Capital and Clessidra SGR are seeking to raise as much as 2 billion euros by selling a portion of their holdings, the people said.

  • Analysts Lower Estimates for FedEx ahead of Q3 Earnings
    Market Realist6 days ago

    Analysts Lower Estimates for FedEx ahead of Q3 Earnings

    What to Expect from FedEx's Q3 Earnings(Continued from Prior Part)Analysts lowering estimatesIn a note to clients, Citigroup analyst Christian Wetherbee on March 7 stated that the slowing global economy, a softer outlook for the Express division,

  • Will Increased Competition in China Affect Starbucks Stock?
    InvestorPlace6 days ago

    Will Increased Competition in China Affect Starbucks Stock?

    Starbucks (NASDAQ:SBUX) is facing increased competition in its extremely important Chinese market. That's got owners of Starbucks stock worried. Source: StarbucksInvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the owners of Starbucks stock shouldn't be worried because the increased competition suggests that the Chinese coffee market is becoming healthier. * 15 Stocks That May Be Hurt by This Year's Big IPOs The Chinese Coffee Market Is HotIt is so hot at the moment that the chairman of Luckin Coffee, which only launched in October 2017, has reportedly demanded a $200 million loan from investment banks interested in getting a seat at the table if and when the company goes public. Expected to have 4,500 locations open across China by the end of 2019, Luckin Chairman Lu Zhengyao is severely testing the patience of investment banks. Luckin began working on its IPO in late January. By the end of February, it had hired Credit Suisse (NYSE:CS) as one of the banks to take it public; Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) are both advising Luckin, but have yet to be granted a formal role, making them susceptible to the $200 million shakedown. Who Is Luckin Coffee?Based in Beijing, the homegrown brand has opened 2,000 locations over the past 18 months in 22 Chinese cities. It plans to open another 2,500 in 2019, bringing the total number of cities where it has locations to 40 and making it the largest coffee chain nationwide in terms of stores open and the number of cups of coffee served. By comparison, SBUX has 3,600 stores in more than 150 cities, is increasing the number of stores it opens by almost 20% a quarter, and generally has locations that are significantly bigger than Luckin's stores. Luckin's business has little to do with the customer experience and everything to do with low prices, discounting through two-for-one offers, and speedy delivery and takeout. For example, a coffee costs $3 at Luckin, 50 cents cheaper than at Starbucks. Take that to the next level with a two-for-one deal, and the price for a cup of joe drops to $1.50. It's the dollar store of coffee. Luckin is looking to go public with a valuation around $3 billion, putting it on par with Starbucks stock, despite losing $120 million in 2018.It plans to list on the NYSE, in part because the Hong Kong Stock Exchange requires companies that list on it to have three years of operating history. There Is Other CompetitionSBUX is well-aware of the competition in the Chinese market. Iconic Canadian coffee brand Tim Hortons, owned by Restaurant Brands International (NYSE:QSR), which also owns Burger King and Popeyes, opened its first store in China at the end of February. Hortons has big plans for China. In 2019, it will open 10-20 stores in Shanghai, hoping to become the preferred brand for consumers looking for more than just coffee from their visit. It's not going to be easy, since Costa Coffee, and Dunkin' Brands (NASDAQ:DNKN) also are competing for customers in a country in which just 33% of the population bought a cup of coffee in 2017. "Tim Hortons will need to offer not just something unique that Chinese consumers can't find at other chains, but also spend heavily on marketing to build awareness of the brand," said Jason Yu, Shanghai-based general manager of Kantar Worldpanel in Greater China.Starbucks has been in China since 1999. It's earned the right to call itself the country's preferred coffee destination. Over the long-term, SBUX believes it will have more stores in China than it does in the U.S., where it has more than 14,000 stores. The Bottom Line on Starbucks StockGood businesses don't fear competition; they embrace it. As coffee becomes more accepted in China, there is going to be room for many competitors, including Luckin. The owners of Starbucks stock ought to happy about the increased competition. It's a sign the coffee market is maturing and expanding in China, which ultimately should significantly boost the company's overall profits. lifting Starbucks stock. Starbucks stock, in my opinion, remains a buy. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post Will Increased Competition in China Affect Starbucks Stock? appeared first on InvestorPlace.

  • Foggy Brexit Leads Top Wealth Fund to Avoid Chasing Pound Rally
    Bloomberg7 days ago

    Foggy Brexit Leads Top Wealth Fund to Avoid Chasing Pound Rally

    The pound is 2019’s best-performing major currency and gained the most in almost two years Wednesday, yet UBS Global Wealth Management continues to advise investors “not to chase the rally.” Options gauges of swings in the pound have flipped to signal traders expect more imminent turmoil, with the risk of a no-deal Brexit not completely ruled out. The U.K. currency soared to a nine-month high after Britain’s Parliament voted late on Wednesday against crashing out of the European Union without a deal. Traders’ initial optimism dampened slightly overnight, ahead of another vote on whether to delay Brexit with just fifteen days to go until the scheduled exit date.

  • Reuters8 days ago

    Mozambique wants government guarantees on Proindicus debt cancelled - PM

    Mozambique is seeking the cancellation of government guarantees on debts run up by state-run security firm Proindicus which helped spark a debt crisis in the country, its prime minister was quoted as saying on Wednesday. Mozambique has a case in London's High Court against investment bank Credit Suisse and a number of other parties linked with the $2 billion worth of loans, which have sparked investigations in the United States and Mozambique. Mozambique state news agency AIM said Prime Minister Carlos Agostinho da Rosario told the Mozambican parliament that Maputo had approached the London court to attempt to cancel the sovereign guarantee associated with the debt.

  • The Zacks Analyst Blog Highlights: Credit Suisse, UBS, Goldman, JPMorgan and Citigroup
    Zacks13 days ago

    The Zacks Analyst Blog Highlights: Credit Suisse, UBS, Goldman, JPMorgan and Citigroup

    The Zacks Analyst Blog Highlights: Credit Suisse, UBS, Goldman, JPMorgan and Citigroup

  • Bloomberg13 days ago

    Ex-Credit Suisse Bankers Fight Extradition Over Hidden Debt

    Andrew Pearse and Surjan Singh, former managing directors, and Detelina Subeva, a vice president in the global financing unit, appeared in a London court Friday. In December, the U.S. Department of Justice accused the bankers and other government officials of creating $2 billion in maritime projects as a front to enrich themselves.

  • Fed Relieves Major U.S. Banks of Qualitative Stress Test
    Zacks14 days ago

    Fed Relieves Major U.S. Banks of Qualitative Stress Test

    Effective 2019, the banks will not be given pass or fail grading on one aspect of the Dodd-Frank stress tests.

  • MarketWatch15 days ago

    Fed says most banks will now be exempt from 'qualitative' part of stress tests

    The Federal Reserve said Wednesday that it's no longer going to make "qualitative objections" to the banks taking its stress test if they have passed enough examinations previously. The Comprehensive Capital Analysis and Review required banks to pass both a qualitative and quantitative test prior to getting stock buyback and/or dividend plans approved, but now, the Fed will eliminate them for banks that have gone through four CCAR exercises and pass it in the fourth year. For the next exercise, only Barclays US , Credit Suisse Holdings , DB USA , TD Group and UBS Americas will have to pass the qualitative part. In the qualitative assessment, supervisors focus on the firms' analyses and practices used to determine the amount and composition of capital needed to continue to lend to households and businesses throughout a period of severe stress.

  • BofA, RBS Face Lawsuit Over Eurozone Bond Trade Rigging
    Zacks15 days ago

    BofA, RBS Face Lawsuit Over Eurozone Bond Trade Rigging

    BofA (BAC) and Royal Bank of Scotland (RBS) have been sued for their alleged involvement in a cartel to rig Eurozone bond market trading, leading to significant losses for investors.

  • PR Newswire16 days ago

    Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs")

    NEW YORK , March 5, 2019 /PRNewswire/ --  On March 1, 2019 , Credit Suisse declared coupon payments for the following ETNs:   ETN Ticker ETN Name Closing Indicative Value on 2/28/19 Ex-Date Record Date ...

  • Here Are the 20 Banks Lined Up to Get Share of Fees on Lyft IPO
    Bloomberg20 days ago

    Here Are the 20 Banks Lined Up to Get Share of Fees on Lyft IPO

    (Bloomberg) -- JPMorgan Chase & Co., Credit Suisse Group AG and Jefferies Financial Group Inc. have taken the lead roles on Lyft Inc.’s initial public offering, as expected.

  • JPMorgan Evaluates Option to Establish Private Bank in China
    Zacks20 days ago

    JPMorgan Evaluates Option to Establish Private Bank in China

    JPMorgan (JPM) is conducting a feasibility study on China's onshore wealth business as it considers establishing a private bank there.

  • Reuters20 days ago

    BRIEF-Tsinghua Tongfang Shareholder ICBC Credit Suisse's Portfolio Unloads Shares In The Company

    March 1 (Reuters) - Tsinghuatongfang Co Ltd: * SAYS SHAREHOLDER ICBC CREDIT SUISSE ASSET MANAGEMENT'S PORTFOLIO HAS UNLOADED 59.3 MILLION SHARES, OR 2 PERCENT STAKE, IN THE COMPANY ON FEB 27 * SAYS SHAREHOLDER ...

  • The Wall Street Journal20 days ago

    [$$] Mozambique Sues Credit Suisse in U.K. Over Debt Deals

    Mozambique sued Credit Suisse AG in U.K. court Wednesday over the bank’s involvement in $2 billion of debt deals tied to a global corruption scandal. It is the first public lawsuit naming Credit Suisse as a defendant to arise from the scandal and raises the risk that the Swiss bank might face financial penalties for arranging bonds and loans to Mozambique in 2013. A spokesman for Credit Suisse declined to comment.

  • Mozambique files case against Credit Suisse in London's High Court
    Reuters21 days ago

    Mozambique files case against Credit Suisse in London's High Court

    JOHANNESBURG/MAPUTO (Reuters) - Mozambique has filed a case in London's High Court against Credit Suisse, according to court records and a source in Mozambique's Attorney General Office. The global investment bank, three of its former employees, Andrew Pearse, Surjan Singh and Detelina Subeva, and an Abu Dhabi-based holding firm and its affiliates are all named in the filing.

  • Hedge-Fund Resistance Hardens as $10 Trillion Stock Rally Builds
    Bloomberg21 days ago

    Hedge-Fund Resistance Hardens as $10 Trillion Stock Rally Builds

    Long-short hedge funds on Credit Suisse Group AG’s prime brokerage platform have reduced their net exposure to equities in the last two weeks as they ramp up short bets. Economic fundamentals seem disconnected from the uptrend, and many of their favorite plays like technology are no longer leading gains, he said.

  • Reuters21 days ago

    Starbucks' China rival Luckin Coffee taps three banks for U.S. IPO - sources

    Chinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home this year, has tapped three banks including Credit Suisse to work on a U.S. IPO in 2019, said people with direct knowledge of the matter. Goldman Sachs and Morgan Stanley are also advising Luckin, one of the quickest firms to reach 'unicorn' status in China, on preparatory work for the initial public offering (IPO), said the people. One of the people said the company is targeting a valuation of about $3 billion in the IPO.

  • Starbucks' China rival Luckin Coffee taps three banks for U.S. IPO: sources
    Reuters21 days ago

    Starbucks' China rival Luckin Coffee taps three banks for U.S. IPO: sources

    Chinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home this year, has tapped three banks including Credit Suisse to work on a U.S. IPO in 2019, said people with direct knowledge of the matter. Goldman Sachs and Morgan Stanley are also advising Luckin, one of the quickest firms to reach 'unicorn' status in China, on preparatory work for the initial public offering (IPO), said the people. One of the people said the company is targeting a valuation of about $3 billion in the IPO.

  • Why Central Banks Aren’t Listening to Warren Buffett on Gold
    Market Realist22 days ago

    Why Central Banks Aren’t Listening to Warren Buffett on Gold

    Buffett versus Dalio on Gold: Whose Advice Should You Take?(Continued from Prior Part)Highest central bank buying in 50 years According to the gold demand trend for Q4 2018 released by the World Gold Council, central banks are on the biggest gold