Media coverage about Credit Suisse Group (NYSE:CS) has trended positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Credit Suisse Group earned a media sentiment score of 0.43 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 44.5591036083345 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Credit Suisse (CS) to Pay $79.5M to Settle MassMutual Claim (zacks.com)
- Credit Suisse Announces the Launch of AxelaTrader™ 3x Long and 3x Inverse Brent Crude Oil ETNs (finance.yahoo.com)
- Wells Fargo Commercial Mortgage Trust 2015-C31 — Moody’s Affirms Six Classes of WFCM 2015-C31 (finance.yahoo.com)
- Credit Suisse Spokesman Quits Job – finews.com – finews.com (finews.com)
- Credit Suisse reaches $79.5 mln settlement with MassMutual in RMBS case (feeds.reuters.com)
Several equities research analysts have recently commented on CS shares. Deutsche Bank AG raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. Bank of America Corporation started coverage on shares of Credit Suisse Group in a research report on Monday, June 19th. They issued a “buy” rating for the company. Morgan Stanley reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, June 20th. J P Morgan Chase & Co began coverage on shares of Credit Suisse Group in a research report on Monday, June 26th. They issued an “overweight” rating for the company. Finally, ValuEngine raised shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.50.
Shares of Credit Suisse Group (NYSE CS) traded up 0.19% on Friday, reaching $15.44. 2,729,647 shares of the company were exchanged. Credit Suisse Group has a 52 week low of $12.25 and a 52 week high of $16.17. The company’s market capitalization is $39.42 billion. The company’s 50-day moving average is $15.05 and its 200-day moving average is $14.81.
Credit Suisse Group (NYSE:CS) last released its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). Credit Suisse Group had a negative return on equity of 2.93% and a negative net margin of 4.84%. The business had revenue of $5.28 billion during the quarter. On average, equities analysts expect that Credit Suisse Group will post $1.08 EPS for the current fiscal year.
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Credit Suisse Group Company Profile
Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.
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