RBC Capital Downgrades Credit Suisse Group AG (ADR) to Sector Perform

Brokerage firm RBC Capital Downgrades its rating on Credit Suisse Group AG (ADR)(NYSE:CS). The shares have been rated Sector Perform. Previously, the analysts had a Outperform rating on the shares. The rating by RBC Capital was issued on Jun 28, 2016.

In a different note, On Jun 9, 2016, Barclays said it Downgrades its rating on Credit Suisse Group AG (ADR). The shares have been rated ‘Equal-weight’ by the firm. On May 19, 2016, UBS said it Upgrades its rating on Credit Suisse Group AG (ADR). The shares have been rated ‘Buy’ by the firm.

Credit Suisse Group AG (ADR) (CS) made into the market gainers list on Fridays trading session with the shares advancing 1.59% or 0.17 points. Due to strong positive momentum, the stock ended at $10.87, which is also near the day’s high of $10.9. The stock began the session at $10.79 and the volume stood at 67,59,985 shares. The 52-week high of the shares is $29.991 and the 52 week low is $10.39. The company has a current market capitalization of $21,158 M and it has 1,94,64,39,400 shares in outstanding.

Credit Suisse Group AG (ADR)(CS) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $4.89B. Analysts had an estimated revenue of $24.37B. Earnings per share were $-0.16.

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private corporate and institutional clients. The Private Banking & Wealth Management comprises the Wealth Management Clients Corporate & Institutional Clients and Asset Management businesses. Asset Management offers a range of investment products and solutions across asset classes and for all investment styles serving governments institutions corporations and individuals across the world. Investment Banking offers investment banking and securities products and services to corporate institutional and government clients around the world. Its products and services include debt and equity underwriting sales and trading M&A advice divestitures corporate sales restructuring and investment research.

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