Credit Suisse Group

Credit Suisse is a financial services provider based in Switzerland. Co. is active as an integrated bank. Co. operates through two global divisions, Private Banking and Corporate & Institutional Banking. Co. offers comprehensive advice and a broad range of financial solutions to private, corporate and institutional clients primarily domiciled in Switzerland. Co. maintains operations in three regionally focused divisions: Swiss Universal Bank, Asia Pacific and International Wealth Management serving Western Europe, Central and Eastern Europe, Latin America and Africa.
  • TickerCSGN
  • ISINCH0012138530
  • ExchangeSix Swiss Exchange
  • SectorBanks
  • CountrySwitzerland

Analysts

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/08/2019

An objective examination of the growth drivers of indices (macroeconomic growth expectations, EPS momentum, monetary conditions and the cost of capital) leads us to believe that the momentum observed since the start of the year cannot be maintained in the short term. In short, the market (Stoxx 600) is ahead of its transition times and should enter a fluctuation band that we estimate at between 355 and 384 points. Consequently, the most rational attitude consists in a total or partial...

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/03/2019

Un examen objectif des moteurs de progression des indices (anticipations de croissance macroéconomique, dynamique des BPA, évolution des conditions monétaires et coût du capital) nous amène à penser que la dynamique observée depuis le début de l’année ne peut se maintenir à court terme. Bref, le marché (Stoxx 600) est en avance sur ses temps de passage et devrait entrer dans une bande de fluctuation que nous estimons comprise entre 355 et 384 points. En conséquence, l’attitude la plus...

Jean Sassus ...
  • Steven Gould

ODDO : The ECB helps those who help themselves - or does it?

>Normalisation of rates: the banks will have to wait… for longer - The ECB is now ruling out a normalisation of deposit rates by end-2019. What is more, Mr Draghi seems to be making this conditional on the inflation target. This might spark fears of a prolonged status quo since the ECB forecasts inflation of 1.5-1.6% in 2020-2021. Mr Draghi did not mention any measures intended to mitigate the impact of the negative rates on the sector. The cost for the entire sector ...

Jean Sassus ...
  • Steven Gould

ODDO : Aide-toi, la BCE t’aidera… ou pas

>Normalisation des taux : les banques attendront… encore - La BCE exclut dorénavant une normalisation des taux de dépôts d’ici fin 2019. De plus Mr Draghi semble la conditionner à l’objectif d’inflation. Cela peut faire craindre un statu quo prolongé puisque la BCE table sur une inflation de 1.5% à 1.6% en 2020-2021. Mr Draghi n’a pas évoqué de mesures destinées à mitiger l’impact des taux négatifs pour le secteur. Le coût pour l’ensemble du secteur serait d’environ 7...

1 director sold

A director at Credit Suisse Group Ag sold 48,000 shares at 12.105CHF and the significance rating of the trade was 89/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

Credit Suisse Group AG: Q4 2018 results: Sustained lower cost base helps withstand market challenges

Our credit view of CS's fourth quarter 2018 results, including an analysis on revenue and cost trends across its segments.

Moody's: Global investment banks need to become agile to tackle fintech threat

Global investment banks (GIBs) face challenges from more agile financial technology (fintech) competitors that are not burdened by regulation, inflexible IT infrastructures and low interest rates, Moody's Investors Service says in a new report. However, Moody's thinks the GIBs on the whole come ...

Credit Suisse Group AG: Q3 2018 results: Stable wealth management and Swiss universal banking businesses offset Global Markets weakness

Our credit view of CS's third quarter 2018 results, including an analysis on revenue and cost trends across its segments.

Credit Suisse Group AG: Update to credit analysis

Our credit view behind Credit Suisse's ratings, taking account of its strong global wealth management and domestic Swiss franchises mitigating risks from large capital markets activities.

Credit Suisse Group AG: Update to credit analysis

Our credit view behind Credit Suisse's ratings, taking account of its strong global wealth management and domestic Swiss franchises mitigating risks from large capital markets activities.

Jean Sassus ...
  • Steven Gould

ODDO : The ECB helps those who help themselves - or does it?

>Normalisation of rates: the banks will have to wait… for longer - The ECB is now ruling out a normalisation of deposit rates by end-2019. What is more, Mr Draghi seems to be making this conditional on the inflation target. This might spark fears of a prolonged status quo since the ECB forecasts inflation of 1.5-1.6% in 2020-2021. Mr Draghi did not mention any measures intended to mitigate the impact of the negative rates on the sector. The cost for the entire sector ...

Jean Sassus ...
  • Steven Gould

ODDO : Aide-toi, la BCE t’aidera… ou pas

>Normalisation des taux : les banques attendront… encore - La BCE exclut dorénavant une normalisation des taux de dépôts d’ici fin 2019. De plus Mr Draghi semble la conditionner à l’objectif d’inflation. Cela peut faire craindre un statu quo prolongé puisque la BCE table sur une inflation de 1.5% à 1.6% en 2020-2021. Mr Draghi n’a pas évoqué de mesures destinées à mitiger l’impact des taux négatifs pour le secteur. Le coût pour l’ensemble du secteur serait d’environ 7...

Johann Scholtz

Morningstar | Credit Suisse: Ballooning Tax Rate Mars Otherwise Solid Results

Narrow-moat, Best Idea Credit Suisse reported 2018 profit before tax of CHF 3.4 billion, nearly double the CHF 1.8 billion it reported for the previous year. Profit before tax was ahead of consensus expectations of CHF 3.2 billion and only slightly below our CHF 3.5 billion estimate, however, due to a sharply higher effective tax rate, net profit of CHF 2 billion was substantially below our estimate of CHF 2.4 billion. Mainly in order to reflect what seems to be a structurally higher tax rate, we pare back our fair value estimate to CHF 20 per share from CHF 22 per share previously. Credit Sui...

Johann Scholtz

Morningstar | Credit Suisse: Ballooning Tax Rate Mars Otherwise Solid Results. See Updated Analyst Note from 20 Feb 2019

Narrow-moat, Best Idea Credit Suisse reported 2018 profit before tax of CHF 3.4 billion, nearly double the CHF 1.8 billion it reported for the previous year. Profit before tax was ahead of consensus expectations of CHF 3.2 billion and only slightly below our CHF 3.5 billion estimate, however, due to a sharply higher effective tax rate, net profit of CHF 2 billion was substantially below our estimate of CHF 2.4 billion. Mainly in order to reflect what seems to be a structurally higher tax rate, we pare back our fair value estimate to CHF 20 per share from CHF 22 per share previously. Credit Sui...

Johann Scholtz

Credit Suisse: Ballooning Tax Rate Mars Otherwise Solid Results

Narrow-moat, Best Idea Credit Suisse reported 2018 profit before tax of CHF 3.4 billion, nearly double the CHF 1.8 billion it reported for the previous year. Profit before tax was ahead of consensus expectations of CHF 3.2 billion and only slightly below our CHF 3.5 billion estimate, however, due to a sharply higher effective tax rate, net profit of CHF 2 billion was substantially below our estimate of CHF 2.4 billion. Mainly in order to reflect what seems to be a structurally higher tax rate, w...

1 director sold

A director at Credit Suisse Group Ag sold 48,000 shares at 12.105CHF and the significance rating of the trade was 89/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/08/2019

An objective examination of the growth drivers of indices (macroeconomic growth expectations, EPS momentum, monetary conditions and the cost of capital) leads us to believe that the momentum observed since the start of the year cannot be maintained in the short term. In short, the market (Stoxx 600) is ahead of its transition times and should enter a fluctuation band that we estimate at between 355 and 384 points. Consequently, the most rational attitude consists in a total or partial...

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/03/2019

Un examen objectif des moteurs de progression des indices (anticipations de croissance macroéconomique, dynamique des BPA, évolution des conditions monétaires et coût du capital) nous amène à penser que la dynamique observée depuis le début de l’année ne peut se maintenir à court terme. Bref, le marché (Stoxx 600) est en avance sur ses temps de passage et devrait entrer dans une bande de fluctuation que nous estimons comprise entre 355 et 384 points. En conséquence, l’attitude la plus...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Bruno Cavalier
  • Christophe-Raphaël Ganet
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Olfa Taamallah
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/21/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Bruno Cavalier
  • Christophe-Raphaël Ganet
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Olfa Taamallah
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/01/2019

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jean Sassus
  • Matthias Desmarais
  • Olivier Lebrun
  • Rémi Adam
  • Samantha Jeary
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/13/2018

...

Increased risk weighs on CREDIT SUISSE GROUP AG, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of CREDIT SUISSE GROUP AG (CH), active in the Money Center Banks industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date November 30, 2018, the closing price was CHF 11.78 and its target price was estimated at CHF 11.19.

Ibrahim Firdaus

Credit Suisse

Ibrahim Firdaus

Credit Suisse

Ibrahim Firdaus

Credit Suisse

Ibrahim Firdaus

Credit Suisse

MarketLine Department

Morgan Stanley - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Morgan Stanley Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Morgan Stanley since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highl...

MarketLine Department

Deutsche Bank AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Deutsche Bank AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Deutsche Bank AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key H...

MarketLine Department

HSBC Holdings Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's HSBC Holdings Plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by HSBC Holdings Plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key...

MarketLine Department

Nomura Holdings, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Nomura Holdings, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Nomura Holdings, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Nomura Holdings, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and in...

Crédit Suisse Group – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Matthieu DRIOL

Short term view - CREDIT SUISSE GROUP : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at CHF 12.040. The background trend would be questioned should prices rise above CHF 15.440.

Matthieu DRIOL

Analyse court terme - CREDIT SUISSE GROUP : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 12,040 CHF. La tendance de fond serait remise en cause en cas de franchissement de 15,440 CHF.

Matthieu DRIOL

Analyse court terme - CREDIT SUISSE GROUP : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 12,040 CHF. La tendance de fond serait remise en cause en cas de franchissement de 15,440 CHF.

Matthieu DRIOL

Short term view - CREDIT SUISSE GROUP : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at CHF 12.040. The background trend would be questioned should prices rise above CHF 15.440.

Matthieu DRIOL

Medium term view - CREDIT SUISSE GROUP : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at CHF 10.865, then CHF 8.851. Passing CHF 16.200 would question the continuation of the fall.

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