Credit Suisse Group (CS) to Release Earnings on Wednesday
Credit Suisse Group (NYSE:CS) will be releasing its earnings data before the market opens on Wednesday, April 24th.
Shares of NYSE CS traded down $0.28 during midday trading on Tuesday, hitting $13.12. 59,053 shares of the company’s stock traded hands, compared to its average volume of 3,306,232. Credit Suisse Group has a 1 year low of $10.23 and a 1 year high of $17.23. The firm has a market capitalization of $34.35 billion, a P/E ratio of 24.31 and a beta of 1.32. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 3.51.
The company also recently announced a special dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a $0.2641 dividend. This represents a yield of 2.17%. This is a positive change from Credit Suisse Group’s previous special dividend of $0.26. The ex-dividend date of this dividend is Friday, May 3rd. Credit Suisse Group’s dividend payout ratio is currently 46.30%.
An institutional investor recently raised its position in Credit Suisse Group stock. Geode Capital Management LLC increased its position in Credit Suisse Group AG (NYSE:CS) by 109.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,893 shares of the financial services provider’s stock after acquiring an additional 19,305 shares during the quarter. Geode Capital Management LLC’s holdings in Credit Suisse Group were worth $400,000 at the end of the most recent quarter. 2.75% of the stock is owned by institutional investors.
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Credit Suisse Group Company Profile
Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.
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