CS - Credit Suisse Group AG

NYSE - NYSE Delayed Price. Currency in USD
11.54
-0.20 (-1.70%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close11.74
Open11.50
Bid11.52 x 46000
Ask11.51 x 1200
Day's Range11.42 - 11.54
52 Week Range10.23 - 16.31
Volume1,920,625
Avg. Volume2,884,368
Market Cap29.358B
Beta (3Y Monthly)1.26
PE Ratio (TTM)N/A
EPS (TTM)-0.14
Earnings DateN/A
Forward Dividend & Yield0.26 (1.99%)
Ex-Dividend Date2019-05-03
1y Target Est16.64
Trade prices are not sourced from all markets
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  • Reuters3 days ago

    Ex-Credit Suisse banker pleads guilty to U.S. charge over Mozambique loan

    A former Credit Suisse Group AG banker pleaded guilty on Monday to a U.S. charge that she helped launder money from a kickback scheme involving $2 billion in loans to state-owned companies in Mozambique. Detelina Subeva, 37, pleaded guilty to one count of money laundering conspiracy before U.S. District Judge William Kuntz in Brooklyn, New York. Subeva is one of three Credit Suisse bankers charged by U.S. prosecutors in January with taking part in the scheme.

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  • Reuters7 days ago

    Credit Suisse sets up family office services unit for Greater China's rich

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    CSAM, with at least $25 billion in CLO assets under management, has the potential to set a new precedent for other syndicated transactions to follow. The 405.5 million euro ($453 million) transaction, Madison Park Euro Funding XIV, is being arranged by Credit Suisse with pricing targeted for the middle of this month, according to a person familiar with the matter.

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  • Luckin Coffee IPO:  A Dangerous Brew for Investors?
    InvestorPlace18 days ago

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    Luckin Coffee, which operates a chain of coffee locations across China, has filed to go public in the U.S. (the company expects to list on the NASDAQ under the ticker of LK). The terms of the deal have not been set but the buzz is that the offering could raise about $800 million at a valuation of $5 billion. The lead underwriters for the Luckin Coffee IPO include Credit Suisse (NYSE:CS), Morgan Stanley (NYSE:MS), CICC and Haitong International.Source: Shutterstock Luckin Coffee is the brainchild of 42-year old Jenny Zhiya Qian. Before founding the company, she was the chief operating officer of UCAR, which is a ride-hailing operator in China. While there, she saw how technology can scale at a staggering pace. * 10 Vice Stocks to Spice Up Your Portfolio And she has applied the same strategy to Luckin. In fact, it seems that she only knows one speed: hyper fast!InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn about 18 months, Luckin has gone from one location to 2,370 across 28 cities. At the current pace, the expectation is that the company will be larger than Starbuck's (NASDAQ:SBUX) -- in terms of locations -- by the end of the year. Background on the Luckin Coffee IPOLuckin has three types of storefronts: pick-up stores, relax stores and delivery kitchens. Of these, the primary focus is on pick-up stores, which account for over 90% of the total. They are located in office buildings, university campuses and commercial areas -- allowing for access to higher traffic areas but also having the benefit of lower rental costs. The pick-up stores have also become important for establishing a delivery network -- which includes a group of couriers -- that accounts for over 60% of orders.Another key strategy -- which may be the most important for the Luckin Coffee IPO -- is the aggressive investment in technology. According to the S-1: "We leverage big data analytics and AI to analyze our customer behavior and transaction data, which enables us to continuously enhance our products and services, implement dynamic pricing and improve customer retention. We also leverage our proprietary technologies in store operations and supply chain to support our business, such as new store selection, inventory management and workforce management. Our focus on technologies has enabled us to operate efficiently, grow rapidly while maintaining quality control."The Luckin Coffee mobile app is also is critical. For example, customers can easily pay with services from Tencent's (OTCMKTS:TCEHY) WeChat and Alibaba's (NYSE:BABA) Alipay. Bottom Line on the Luckin Coffee IPOThere are certainly glaring risk factors with the Luckin Coffee IPO. First of all, the losses are enormous, coming to $241.3 million last year on sales of only $125.3 million. Let's face it, the costs of growth are far from cheap. It also does not help that Luckin has ginned up sales with heavy discounts and ubiquitous promotions.Next, the company is counting on a change in consumer behavior in China, which will likely be challenging. Note that coffee consumption is fairly low as people prefer tea. A study from Frost & Sullivan indicates that the per capital coffee consumption is a mere 6.2 cups per year. By comparison, it's 388 in the US.And finally, the fast growth could wind up being a problem, as it can be extremely difficult to manage (a new location is launched every 15 hours). This is especially difficult in China since the government can be mercurial. * 7 Energy Stocks to Buy to Light Up Your Portfolio True, the IPO market is red-hot right now -- but then again, investors are also discerning. Just look at the tepid response to the Lyft (NASDAQ:LYFT) offering, which is off 13% from its high. So given the issues with Luckin, the best plan may be to skip the deal for now.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks to Buy to Light Up Your Portfolio * 10 Vice Stocks to Spice Up Your Portfolio * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Luckin Coffee IPO: A Dangerous Brew for Investors? appeared first on InvestorPlace.

  • PR Newswire18 days ago

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    NEW YORK , May 6, 2019 /PRNewswire/ -- On May 2, 2019 , Credit Suisse declared coupon payments for the following ETNs: ETN Ticker ETN Name Closing Indicative Value on   4/30/19 Ex-Date Record Date Payment ...

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  • Credit Suisse Expects Gold Miners to Follow Gold Higher
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    Gold: Analysts Are Bullish despite Weak Performance in 2019(Continued from Prior Part)Credit Suisse Credit Suisse (CS) is positive about gold prices (IAU) in 2019. The bank expects gold prices to average $1,280 per ounce in 2019 and $1,300 in 2020.

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  • Thomson Reuters StreetEvents23 days ago

    Edited Transcript of CSGN.VX earnings conference call or presentation 24-Apr-19 8:15am GMT

    Q1 2019 Credit Suisse Group AG Earnings Press Conference

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  • Swiss group files criminal complaint against Credit Suisse over Mozambique loans
    Reuters25 days ago

    Swiss group files criminal complaint against Credit Suisse over Mozambique loans

    A Swiss anti-corruption lobby group has filed a criminal complaint against Credit Suisse over alleged fraud in the arrangement of $2 billion of loans to Mozambique, the group said on Monday. Mozambique, one of the most indebted countries in the world, in 2016 admitted to billions of dollars of undisclosed borrowing, sparking a debt crisis and leading to the arrest of government officials and international bankers in the United States, United Kingdom and South Africa. Three former Credit Suisse bankers were arrested in London in January on U.S. charges of conspiring to violate anti-bribery law and to commit money laundering and securities fraud, while former Mozambique finance minister Manuel Chang was arrested in South Africa as part of the same case.

  • Thomson Reuters StreetEvents27 days ago

    Edited Transcript of CSGN.VX earnings conference call or presentation 24-Apr-19 6:15am GMT

    Q1 2019 Credit Suisse Group AG Earnings Call