CSGN.VX - Credit Suisse Group AG

Swiss - Swiss Delayed Price. Currency in CHF
16.775
+0.575 (+3.549%)
At close: 5:31PM CEST
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Previous Close16.200
Open16.840
Bid16.700 x 1585400
Ask16.500 x 1718200
Day's Range16.705 - 17.065
52 Week Range12.910 - 18.810
Volume21,452,080
Avg. Volume10,753,405
Market Cap42.78B
Beta1.70
PE Ratio (TTM)N/A
EPS (TTM)-0.410
Earnings DateN/A
Forward Dividend & Yield0.25 (1.60%)
Ex-Dividend Date2018-05-02
1y Target Est18.80
  • Facebook Prepares for Earnings and 4 Other Stories You Must Know Wednesday
    TheStreet13 hours ago

    Facebook Prepares for Earnings and 4 Other Stories You Must Know Wednesday

    Here's everything you must know before Wednesday's opening bell :  Shire said it was willing to recommend a revised $64 billion offer from Takeda Pharmaceutical .  Credit Suisse posted its strongest quarterly earnings in three years as new cash poured into its wealth management division.  Texas Instruments' first quarter profit jumped 37%. Investors will analyze earnings from Facebook , Qualcomm and more.   U.S. stock futures pointed toward further losses and global stocks slumped.  Subscribe to our Youtube Channel for extended interviews, Cramer Replays, feature content, and more!

  • Credit Suisse CEO Thiam on Earnings, New Asset Growth
    Bloomberg Video14 hours ago

    Credit Suisse CEO Thiam on Earnings, New Asset Growth

    Apr.25 -- Credit Suisse Group AG Chief Executive Officer Tidjane Thiam discusses the lender's first-quarter earnings which beat estimates, with net new money coming in at 14.4 billion francs ($14.7 billion) -- the highest quarterly level in seven years. He speaks with Francine Lacqua in Zurich on "Bloomberg Surveillance."

  • The Wall Street Journal8 minutes ago

    [$$] Credit Suisse Starts Last Year of Revamp With Rise in Profit

    Credit Suisse posted a strong rise in first-quarter net profit, beating expectations and bolstering evidence that the Swiss lender’s yearslong restructuring has put it back on track to growth.

  • European shares fall as bond yields rise, metals prices slide
    Reuters8 hours ago

    European shares fall as bond yields rise, metals prices slide

    Worries over rising bond yields and falling metals prices trumped well-received earnings updates from Kering and Credit Suisse on Wednesday, sending European shares to a one-week low. Concern remained over higher bond yields after the yield on the U.S. 10-year Treasury breached 3 percent level on Tuesday, making equities relatively less attractive. Caterpillar's results drove European industrials, after the company said it would steel tariffs would make it harder to pass on higher raw-material costs.

  • MarketWatch9 hours ago

    DAX drops 1% after lift in bond yields spooks Wall Street

    Credit Suisse shares rally after earningsVCG via Customers wait outside Gucci Store in Shanghai. Investors shoved European stocks lower Wednesday in the wake of a selloff on Wall Street where equities were spooked by rising bond yields and mixed earnings reports. Germany’s DAX 30 index (^GDAXI) was the worst performing among the major national indexes.

  • Associated Press12 hours ago

    Credit Suisse: 1Q Earnings Snapshot

    The Zurich-based bank said it had earnings of 27 cents per share. Earnings, adjusted for restructuring costs, were 31 cents per share. The bank posted revenue of $8.97 billion in the period. Its adjusted ...

  • The Wall Street Journal13 hours ago

    [$$] Credit Suisse Finds Right Formula for Fickle Markets

    At the same time, Credit Suisse is increasing the recurring fees it charges rich clients around the world—a more solid, dependable sort of revenue. Total revenue in international wealth and at its Asia arm grew 21% and 15% respectively versus last year in dollar terms.

  • Reuters13 hours ago

    Credit Suisse fully compliant on sanctions: CEO

    Swiss bank Credit Suisse complies with sanctions regimes wherever it does business, Chief Executive Tidjane Thiam said after two U.S. senators demanded big banks disclose any links to rich Russians. Swiss banks practically never comment on individual clients given confidentiality laws that helped make Switzerland the world's biggest center for managing offshore wealth. The neutral country has now begun to exchange information on bank clients with foreign tax authorities.

  • Reuters14 hours ago

    Credit Suisse fully compliant on sanctions - CEO

    Swiss bank Credit Suisse complies with sanctions regimes wherever it does business, Chief Executive Tidjane Thiam said after two U.S. senators demanded big banks disclose any links to rich Russians. Swiss banks practically never comment on individual clients given confidentiality laws that helped make Switzerland the world's biggest centre for managing offshore wealth. The neutral country has now begun to exchange information on bank clients with foreign tax authorities.

  • Credit Suisse CEO Thiam on Earnings, New Asset Growth
    Bloomberg14 hours ago

    Credit Suisse CEO Thiam on Earnings, New Asset Growth

    Credit Suisse Group AG Chief Executive Officer Tidjane Thiam discusses the lender's first-quarter earnings which beat estimates, with net new money coming in at 14.4 billion francs ($14.7 billion) -- the ...

  • TheStreet.com15 hours ago

    Credit Suisse Shares Surge After Strong Q1, Record Wealth Management Inflows

    shares rose the highest level in a month Wednesday after the Swiss investment bank posted its strongest quarterly earnings in three years as new cash poured into its wealth management division under the renewed focus of CEO Tidjane Thiam. The group also said inflows into its wealth management division, a key growth driver, rose 20% to Sfr14.4 billion, the best in seven years, taking the total value of assets under management to Sfr776 billion. "Thanks to the progress made in 2016 and 2017, we are nearing pre-restructuring levels of absolute profit, with a higher quality, more capital-efficient business mix that can generate growing amounts of capital organically with higher capital velocity and a higher return on capital through the cycle, while consuming less risk capital per unit of income," Thiam said.

  • Bloomberg15 hours ago

    Credit Suisse Counts on Stock Traders to Make $6 Billion Goal

    The pressure is on for Credit Suisse Group AG’s traders, especially those dealing in stocks.

  • Credit Suisse Benefits From Complex Deals Boosting Stock Trading
    Bloomberg15 hours ago

    Credit Suisse Benefits From Complex Deals Boosting Stock Trading

    Credit Suisse Group AG, the Swiss lender trying to rebuild its stock-trading business, is benefiting from large, complex derivatives deals -- one-off trades that can lose banks money when bets backfire. Switzerland’s second-largest lender struck "landmark" deals in the first quarter that offset declines in more straightforward equity trading businesses, the company said on Wednesday. “You have to really design very customized bespoke products” for clients who want both “some downside protection and also some upside,” Chief Executive Officer Tidjane Thiam said on Bloomberg TV.

  • Credit Suisse delivers best quarter since Thiam's revamp
    Reuters16 hours ago

    Credit Suisse delivers best quarter since Thiam's revamp

    Credit Suisse delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland's second-biggest bank in 2016, driven by its wealth management business. After 6.6 billion Swiss francs ($6.7 billion) of losses in 2015 and 2016, and a big tax writedown that wiped out gains last year, Credit Suisse posted 694 million francs in first-quarter net income, beating expectations. The results showed the bank gaining from Thiam's three-year plan to focus on wealth management over investment banking and settle legal cases.

  • Credit Suisse delivers best quarter since Thiam's revamp
    Reuters16 hours ago

    Credit Suisse delivers best quarter since Thiam's revamp

    Credit Suisse (CSGN.S) delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland's second-biggest bank in 2016, driven by its wealth management business. After 6.6 billion Swiss francs (4.8 billion pounds) of losses in 2015 and 2016, and a big tax writedown that wiped out gains last year, Credit Suisse posted 694 million francs in first-quarter net income, beating expectations. The results showed the bank gaining from Thiam's three-year plan to focus on wealth management over investment banking and settle legal cases.

  • Financial Times17 hours ago

    [$$] Credit Suisse pledges ‘year of acceleration’ as profits leap 57%

    promised a “year of acceleration” after reporting a 57 per cent rise in pre-tax profits for the first quarter as its Swiss and Asia-Pacific divisions delivered strong performances. Credit Suisse’s share price was up more than 4 per cent at SFr16.87 by lunch time in Swiss trading — but it remained below January’s peak.

  • Credit Suisse Sues to Recoup Part of $4.8 Billion Bank Bonus Tax
    Bloomberg17 hours ago

    Credit Suisse Sues to Recoup Part of $4.8 Billion Bank Bonus Tax

    Credit Suisse Group AG is seeking to reclaim hundreds of millions in taxes from a controversial U.K. bonus levy that hit banker compensation in 2010.

  • Bloomberg17 hours ago

    Credit Suisse Lands a Heavy Blow On a Swiss Hedge Fund

    Credit Suisse AG's first-quarter results have given CEO Tidjane Thiam ammunition against activists calling for more radical surgery. Despite a fairly weak quarter for the investment bank, the CEO's focus on wealth management while cutting costs and dumping unwanted assets is paying off. The shares rose 4 percent in response. Credit Suisse's bid to follow in the footsteps of arch-rival UBS Group AG by shrinking its trading arm and going big on wealth hasn't exactly been smooth sailing of late.

  • Financial Times19 hours ago

    [$$] Credit Suisse posts stronger than expected Q1 profits

    Credit Suisse posted a stronger-than-expected 57 per cent rise to SFr1.1bn in reported pre-tax income in the first quarter of 2018, which Tidjane Thiam, chief executive, said would be the Swiss bank’s “third and final year” of restructuring. Mr Thiam, who took over as Credit Suisse’s boss in 2015, has shifted the bank towards managing the wealth of the world’s richest, and streamlined its investment banking and trading activities. Adjusted pre-tax income rose by 36 per cent compared with a year earlier to SFr 1.2bn.

  • Financial Times19 hours ago

    [$$] Fast Europe Open: Turkey rates, Credit Suisse

    Japan’s Takeda Pharmaceutical has reached a preliminary agreement to buy Irish drugmaker Shire for about $65bn, according to the two companies, in a deal that could spark a renewed wave of “big pharma” ...

  • Bloomberg20 hours ago

    Thiam's Wealth Drive Accelerates as Credit Suisse's Assets Soar

    Tidjane Thiam’s push into wealth management is accelerating with the fastest addition of net new assets in seven years. Credit Suisse Group AG’s new assets at its combined wealth-management businesses were 14.4 billion francs, above analyst estimates. Profit at the key International Wealth Management division rose 66 percent to 484 million francs, beating expectations.

  • Credit Suisse Reaps Wealth Management Rewards as Assets Soar
    Bloomberg20 hours ago

    Credit Suisse Reaps Wealth Management Rewards as Assets Soar

    Tidjane Thiam is reaping the rewards of Credit Suisse Group AG’s pivot to wealth management after the bank attracted new assets at the fastest pace in seven years. Net new assets at the combined wealth management businesses were 14.4 billion francs ($14.7 billion) in the first quarter, beating analyst estimates, with key contributions from the Asia-Pacific and international wealth management divisions.

  • Financial Times21 hours ago

    [$$] Credit Suisse: rich pickings

    Global wealth is up $60tn since the onset of the financial crisis. Credit Suisse wants a larger share of that under management. This strategy — described by boss Tidjane Thiam as his big idea — is starting to pay off.

  • The Zacks Analyst Blog Highlights: Amazon.com, Credit Suisse and Berkshire Hathaway
    Zacksyesterday

    The Zacks Analyst Blog Highlights: Amazon.com, Credit Suisse and Berkshire Hathaway

    The Zacks Analyst Blog Highlights: Amazon.com, Credit Suisse and Berkshire Hathaway

  • Reuters7 days ago

    Credit Suisse gets license for wealth management business in Philippines

    Credit Suisse Group AG said on Thursday it has received regulatory approval to launch its wealth management business in the Philippines, allowing the Swiss bank to tap the growing onshore wealth in the Southeast Asian country. Credit Suisse has received a license from the Securities and Exchange Commission and approval from the central bank, Bangko Sentral ng Pilipinas, to set up a representative office for its wealth management business, it said in a statement.