CS - Credit Suisse Group AG

NYSE - NYSE Delayed Price. Currency in USD
12.47
-0.02 (-0.16%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close12.49
Open12.51
Bid12.51 x 3200
Ask12.51 x 38500
Day's Range12.46 - 12.57
52 Week Range10.23 - 13.62
Volume1,786,453
Avg. Volume2,729,704
Market Cap31.339B
Beta (3Y Monthly)1.29
PE Ratio (TTM)N/A
EPS (TTM)-0.14
Earnings DateN/A
Forward Dividend & Yield0.26 (2.06%)
Ex-Dividend Date2019-05-03
1y Target Est15.20
Trade prices are not sourced from all markets
  • Credit Suisse Weighs U.S. Private Banking Return After Exit
    Bloomberg

    Credit Suisse Weighs U.S. Private Banking Return After Exit

    Oct.09 -- Credit Suisse Group AG is considering a return to U.S. wealth management after a four-year absence as Chief Executive Officer Tidjane Thiam seeks to boost growth in private banking. Patrick Winters reports from Zurich on "Bloomberg Markets: European Open."

  • Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch - sources
    Reuters

    Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch - sources

    Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO - Hong Kong's second-largest this year - in an unusually brutal shuffling of banks' roles on a big deal. The Wall Street bank was approached by ESR Cayman and its main backer, Warburg Pincus, in August to develop a rescue plan for ESR's initial public offering (IPO), according to two sources involved in the transaction, after the industrial property investor was forced to pull its original planned float in June.

  • Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources
    Reuters

    Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources

    Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO - Hong Kong's second-largest this year - in an unusually brutal shuffling of banks' roles on a big deal. The Wall Street bank was approached by ESR Cayman and its main backer, Warburg Pincus, in August to develop a rescue plan for ESR's initial public offering (IPO), according to two sources involved in the transaction, after the industrial property investor was forced to pull its original planned float in June.

  • GuruFocus.com

    Is the Boeing Narrative Finally Shifting?

    Institutions appear to be souring on the beleaguered aircraft manufacturer Continue reading...

  • Investing.com

    Stocks - Wall Street Gains on Trade Optimism; Boeing Drags on Dow

    Investing.com – Wall Street opened higher on Monday, as upbeat rhetoric around trade continued to support sentiment in the absence of much hard news.

  • Investing.com

    Stocks - Boeing, Beyond Meat Fall Premarket; Drug Companies in Focus

    Investing.com - Stocks in focus in premarket trading on Monday:

  • Barrons.com

    Macy’s, Gap and L Brands Downgraded by Credit Suisse over ‘Tougher’ Road Ahead for Retail

    Macy’s, Gap and L Brands have all been downgraded by Credit Suisse which warned of a “tougher” road ahead for the U.S. retail sector.

  • Should Value Investors Pick Credit Suisse (CS) Right Now?
    Zacks

    Should Value Investors Pick Credit Suisse (CS) Right Now?

    Let's see if Credit Suisse (CS) stock is a good choice for value-oriented investors right now from multiple angles.

  • ING Vies With Credit Suisse for Oil Tycoon’s London Flats
    Bloomberg

    ING Vies With Credit Suisse for Oil Tycoon’s London Flats

    (Bloomberg) -- Two of Europe’s biggest banks want to seize oil trader Igho Sanomi’s London homes. Let the battle commence.ING Groep NV and Credit Suisse Group AG are vying for the Nigerian tycoon’s properties in Chelsea, Belgravia and Kilburn over $5 million in unpaid debts they allege is owed by his company Taleveras Energy. ING’s Brussels and Geneva branch is owed $2.2 million, ING lawyer Rupert Cohen said Wednesday in written submissions to a London court.Credit Suisse is owed about $3 million, according to a filing the lender made in April. The Swiss bank seized Sanomi’s private jet, Bloomberg reported earlier this year, and the plane is currently listed as sold. The properties owned by the trader were identified by both banks as assets that may be forfeited if he loses.The banks are set to compete over the assets during the final hearing of the case next month. And they may not be the only ones. In February, a judge ordered the trader to pay private jet firm Aravco Ltd. about $160,000. Banque Cantonale de Geneve had also made a freezing order against the apartments, but dropped it after settling with Sanomi in May, according to court filings.Sanomi, who didn’t attend the hearing or have legal representatives in the London court, didn’t respond to a request for comment.Taleveras Energy traded more than 100 million barrels of crude oil per year and was seeking to supply biofuel to the U.S. military, Bloomberg reported in 2017.To contact the reporter on this story: Ellen Milligan in London at emilligan11@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Christopher Elser, Marion DakersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Ex-Credit Suisse Banker Says Secret Affair Helped Fuel $45 Million Fraud
    Bloomberg

    Ex-Credit Suisse Banker Says Secret Affair Helped Fuel $45 Million Fraud

    (Bloomberg) -- A former Credit Suisse Group AG banker told a federal jury in New York that his decision to take millions of dollars in bribes was fueled in part by his secret love affair with a subordinate.Andrew Pearse, 49, admitted he got at least $45 million for his role in arranging $2 billion in loans to companies in Mozambique. He’s the U.S. government’s first witness in the trial of Jean Boustani, a Privinvest Group salesman who’s accused of defrauding U.S. investors.Pearse testified Thursday that while sitting by a pool at a hotel in Maputo, Mozambique, in 2013, Boustani offered him a bribe in exchange for lower transaction fees Credit Suisse would charge on a loan.“I remember it clearly because it was the first time in my life I’d been offered a kickback,” Pearse told the jury in Brooklyn.Pearse said he was trying to leave Credit Suisse and offered not only to cut some of the fees his bankers collected in the deal, but asked for Boustani’s help in setting up a new company with Privinvest’s chief executive officer Iskandar Safa.Those decisions were spurred by his affair with Detelina Subeva, a Credit Suisse banker who was junior to him, Pearse said. She has also pleaded guilty and will testify as a prosecution witness against Boustani.Assistant U.S. Attorney Mark Bini asked Pearse if his affair with Subeva played any role in his decision to quit in 2013. He replied he was trying to hide the “very deep romantic relationship” from his superiors.“We were both married at the time and it was difficult to see each other unless we were traveling,” Pearse said. “I wanted that relationship to continue. I wanted to leave Credit Suisse. I wanted to establish a deeper relationship with Ms. Subeva.”Boustani is accused by prosecutors of masterminding “a brazen international criminal scheme” that helped one of the world’s poorest countries borrow billions of dollars for dubious maritime projects, including one to ward off pirates.Prosecutors say Privinvest officials charged Mozambique inflated prices for equipment and services, freeing up money for bribes. Mozambican government officials, corporate executives and investment bankers stole about $200 million, according to the U.S.Stephen Hauss, a lawyer for Privinvest, says the company denies all wrongdoing. “Obviously Pearse has a sweetheart deal from the government to say what the government wants him to,” he said.Jurors saw records showing Privinvest made regular $1 million deposits into Pearse’s bank account in Abu Dhabi. Pearse testified he shared at least $2 million of the payments he got from Boustani with Subeva.Read more on ProIndicus loan hereAmong the companies that got loans from Credit Suisse was ProIndicus SA, which was to perform coastal surveillance. Pearse told the jury that after a loan to state-owned ProIndicus closed in March 2013, he met with Safa and Boustani at the Privinvest CEO’s estate on the French Riviera where Pearse secured a cut of any future loans.“It was there that the terms of my kickback were agreed upon,” he said. “It was agreed I’d be paid a fee for any further Privinvest business with Credit Suisse.”The Mozambique loans were arranged by Credit Suisse and the Russian bank, VTB Group. The money was supposed to be used for tuna-fishing operations, shipyards and the coastal security system. But those projects never happened, prosecutors said.Mozambique sued Safa, a Lebanese-French billionaire, for fraud in August in London. A spokesman for Safa said at the time that the entrepreneur denies any wrongdoing and that the English courts have no jurisdiction over him.In addition, Ndambi Guebuza, son of Mozambique’s former president Armando Guebuza, was arrested in February in connection with the loan scandal. He’s fighting the charges.Pearse testified late Wednesday that Boustani told him Privinvest also paid a $2 million bribe to Makram Abboud, a senior banker at VTB, who worked on Mozambican loans.VTB denied Pearse’s claims in a statement, calling him “a convicted fraudster” and said none of its bankers have been accused of wrongdoing.“We have seen no evidence that Mr. Abboud or any other VTB employee received improper payments of any kind in connection with those projects,” the bank said in a statement Thursday.Pearse is likely to spend all of Friday testifying.The case is U.S. v. Boustani, 18-cr-681, U.S District Court, Eastern District of New York (Brooklyn).(Updates with U.K. suit against Privinvest CEO in 16th paragraph)\--With assistance from Jake Rudnitsky.To contact the reporter on this story: Patricia Hurtado in Federal Court in Manhattan at pathurtado@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Joe Schneider, Peter BlumbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Credit Suisse to start charging wealthy clients for cash deposits
    Reuters

    Credit Suisse to start charging wealthy clients for cash deposits

    Credit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers. Individual and business customers will be charged a rate of -0.75% on cash balances above 2 million Swiss francs ($2.02 million), Switzerland's second biggest lender said. A rate of -0.85% will be imposed on business customers with balances above 10 million francs.

  • Investing.com

    StockBeat: Amazon Gets Price-Target Hike Ahead of Earnings

    Investing.com – Amazon (NASDAQ:AMZN) continues to rack up gains after Credit Suisse (SIX:CSGN) hiked its price target on the company’s stock, betting that its advertising business will boost margins and cash flows at a time when the e-commerce giant's cloud business is expected to continue to slow.

  • Hedge Funds Aren’t Crazy About Credit Suisse Group AG (CS) Anymore
    Insider Monkey

    Hedge Funds Aren’t Crazy About Credit Suisse Group AG (CS) Anymore

    Is Credit Suisse Group AG (NYSE:CS) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a […]

  • PR Newswire

    Commodities Increased Following Improved Demand Expectations

    NEW YORK, Oct. 10, 2019 /PRNewswire/ -- The Bloomberg Commodity Index Total Return was higher for the month, with 18 of 23 constituents posting gains. Livestock increased 7.46%, led higher by Lean Hogs, after the US and China delayed another round of tariffs to encourage the progression of trade negotiations, improving US pork export demand prospects. Chicago Wheat increased as rising corn prices elevated wheat's appeal as a substitute in animal feed.

  • Credit Suisse (CS) Plans a Comeback in U.S. Private Banking
    Zacks

    Credit Suisse (CS) Plans a Comeback in U.S. Private Banking

    Credit Suisse (CS) seeks to boost presence in the United States, and target wealthy Latin Americans through its new unit.

  • Credit Suisse Considers Return to U.S. Private Banking After Exit
    Bloomberg

    Credit Suisse Considers Return to U.S. Private Banking After Exit

    (Bloomberg) -- Credit Suisse Group AG is considering a return to U.S. wealth management after a four-year absence as Chief Executive Officer Tidjane Thiam seeks to boost growth in private banking.Talks have focused on adding $15 billion of assets under management at a new base in Miami, mostly catering to wealthy Latin Americans, people familiar with the matter said. If the bank moves ahead, it could employ up to 30 people including control and support staff in Florida, the people said, asking not to be identified as the talks are private. No final decision has been taken and talks are at an early stage, they said.The venture would be symbolically important for the Swiss bank, marking a return to private banking on U.S. soil after an agreement to transfer its U.S. brokerage to Wells Fargo & Co. in 2015 after a fine related to client tax evasion. The U.S. is one of the biggest offshore wealth centers in the world, with Miami especially favored by Latin America clients because of its close geographic and cultural links. Buoyed by a more favorable regulatory environment, the U.S. is likely to see strong growth from Latin American and Asian investors, according to the BCG Global Wealth Report.A spokesman for Credit Suisse declined to comment.Switzerland’s second-biggest lender reached an agreement in 2014 to plead guilty and pay about $2.6 billion to the U.S. Justice Department and regulators for helping U.S. citizens hide money. The bank shifted strategy a year later under Thiam, who sought to bolster returns by focusing on the home market of Switzerland and expanding in Asian wealth management. The bank agreed the brokerage transfer a year later.U.S. ExpansionThe plans are an example of how Thiam is planning to kickstart growth in wealth management in the coming years as negative interest rates and cautious clients depress margins in Europe. The U.S. ranks as the fourth largest country for offshore wealth behind Switzerland, Hong Kong and Singapore, and is likely to hold about $1 trillion for non-U.S. residents by 2023, according to BCG.Credit Suisse’s international wealth management business has focused on Latin America, Europe, the Middle East and Africa and was led until recently by Iqbal Khan, who moved to rival UBS Group AG. He was replaced by Philipp Wehle.Thiam has been devoting more face time to top private bankers and holding talks on boosting pay as he seeks to prevent defections after Khan’s exit, according to people familiar with the matter. The CEO has been reaching out to the best revenue generators at the international wealth business to discuss compensation and career prospects since Khan left in the summer, paying particular attention to emerging markets such as Brazil, the Middle East and emerging Europe, the people said.A scandal erupted over Khan’s departure after it was reported that Credit Suisse had its former employee followed to make sure he didn’t try to encourage others to defect. The bank’s own probe led to the ouster of Chief Operating Officer Pierre-Olivier Bouee, a key ally of the CEO, though it didn’t find wrongdoing on Thiam’s part.(Adds background on Thiam’s talks with top private bankers in 8th paragraph.)To contact the reporter on this story: Patrick Winters in Zurich at pwinters3@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Ross LarsenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • A Trio of Stocks Trading Below Graham Blended Multiplier
    GuruFocus.com

    A Trio of Stocks Trading Below Graham Blended Multiplier

    Reinsurance Group of America Incorporated tops the list Continue reading...

  • Investing.com

    Stocks - Futures Turn Lower on Trade Pessimism

    Investing.com -- U.S. futures turned lower at the start of the week after a report dampened hopes of any meaningful truce in the trade dispute between China and the U.S.

  • Banker defections pose challenge for Credit Suisse's Thiam
    Reuters

    Banker defections pose challenge for Credit Suisse's Thiam

    ZURICH/HONG KONG (Reuters) - The announcement by Julius Baer this week that it had hired five senior bankers from Credit Suisse underscores the challenge facing Chief Executive Tidjane Thiam as he seeks to reassure staff and investors in the wake of a spying scandal. Preventing staff defections was at the heart of a decision by Credit Suisse to put former international wealth-management head Iqbal Khan under surveillance. The team joining Julius Baer had left Credit Suisse before the espionage scandal broke but the debacle and the bank's efforts to draw a line under it have enthused rivals to accelerate their poaching efforts, headhunters say.

  • PR Newswire

    Credit Suisse Announces Coupon Amount on its Credit Suisse S&P MLP Index ETN (ticker symbol "MLPO").

    NEW YORK, Oct. 3, 2019 /PRNewswire/ -- On October 2, 2019, Credit Suisse declared a Coupon Amount for the Credit Suisse S&P MLP Index ETN (the "ETN"). * The "Current Yield" equals the current quarterly Coupon Amount, annualized and divided by the Closing Indicative Value of the ETN on September 30, 2019. † The Current Yield is not indicative of future quarterly Coupon Amounts, if any, on the ETNs.

  • PR Newswire

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

    NEW YORK , Oct. 3, 2019 /PRNewswire/ -- On October 2, 2019 , Credit Suisse declared coupon payments for the following ETNs: ETN Ticker ETN Name Closing Indicative Value on   9/30/19 Ex-Date Record Date ...