Zacks Investment Research upgraded shares of Credit Suisse Group (NYSE:CS) from a sell rating to a hold rating in a research report released on Monday morning.
According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “
A number of other brokerages also recently commented on CS. UBS Group reiterated a buy rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Goldman Sachs Group restated a buy rating on shares of Credit Suisse Group in a research report on Tuesday, December 5th. Citigroup restated a buy rating on shares of Credit Suisse Group in a research report on Friday, December 1st. JPMorgan Chase & Co. restated a buy rating on shares of Credit Suisse Group in a research report on Monday, November 20th. Finally, Royal Bank of Canada upgraded Credit Suisse Group from a sector perform rating to an outperform rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Credit Suisse Group presently has a consensus rating of Buy and a consensus price target of $17.00.
Several institutional investors have recently bought and sold shares of the stock. Zions Bancorporation increased its holdings in Credit Suisse Group by 2,018.8% during the 3rd quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 7,187 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in Credit Suisse Group during the 3rd quarter valued at $121,000. Quadrant Capital Group LLC increased its holdings in Credit Suisse Group by 75.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 4,466 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Credit Suisse Group during the 3rd quarter valued at $145,000. Finally, M&T Bank Corp acquired a new stake in Credit Suisse Group during the 2nd quarter valued at $154,000. Institutional investors and hedge funds own 2.84% of the company’s stock.
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About Credit Suisse Group
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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