Positive Press Coverage Somewhat Unlikely to Affect Credit Suisse Group (CS) Stock Price
Media coverage about Credit Suisse Group (NYSE:CS) has been trending positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Credit Suisse Group earned a news sentiment score of 0.41 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 44.5804431813028 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Credit Suisse Sued by Billionaire – finews.asia (finews.asia)
- Buy Financial stock analysis: Credit Suisse Group AG (CS) – Street Observer (press release) (streetobserver.com)
- Financial Sector Update for 08/29/2017: JPM, BAC, WFC, C, USB, CS, PSEC – Nasdaq (nasdaq.com)
- Oracle Corporation (ORCL) and Credit Suisse Group AG (CS) closes with a move of -0.13% – Stocks Gallery (stocksgallery.com)
- Credit Suisse Group AG (CS) Shares Moving On Volume – FLBC News (flbcnews.com)
Shares of Credit Suisse Group (NYSE:CS) opened at 14.74 on Wednesday. Credit Suisse Group has a 1-year low of $12.25 and a 1-year high of $16.17. The company’s market capitalization is $37.64 billion. The firm has a 50-day moving average of $15.18 and a 200 day moving average of $14.83.
Credit Suisse Group (NYSE:CS) last announced its earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $5.28 billion for the quarter. Credit Suisse Group had a negative return on equity of 2.93% and a negative net margin of 4.84%. On average, analysts anticipate that Credit Suisse Group will post $1.08 EPS for the current year.
CS has been the subject of several research reports. Deutsche Bank AG reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Thursday, July 20th. Morgan Stanley reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, July 18th. BidaskClub upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Bank of America Corporation initiated coverage on shares of Credit Suisse Group in a research report on Monday, June 19th. They issued a “buy” rating for the company. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $17.00.
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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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