Credit Suisse Group (CS) Earning Positive Press Coverage, Analysis Shows

News articles about Credit Suisse Group (NYSE:CS) have trended positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Credit Suisse Group earned a daily sentiment score of 0.45 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 44.6276918492564 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 media stories that may have impacted Accern Sentiment’s scoring:

Credit Suisse Group (NYSE CS) traded down 0.58% during midday trading on Wednesday, reaching $15.33. The company’s stock had a trading volume of 2,968,895 shares. Credit Suisse Group has a 52 week low of $11.26 and a 52 week high of $16.17. The firm has a 50 day moving average price of $14.88 and a 200-day moving average price of $14.86. The firm’s market cap is $39.14 billion.

Credit Suisse Group (NYSE:CS) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm 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 forecast that Credit Suisse Group will post $1.08 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on CS shares. ValuEngine raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub downgraded Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded Credit Suisse Group from a “buy” rating to a “strong sell” rating in a research report on Wednesday, April 19th. J P Morgan Chase & Co started coverage on Credit Suisse Group in a research report on Monday, June 26th. They set an “overweight” rating on the stock. Finally, Bank of America Corporation started coverage on Credit Suisse Group in a research report on Monday, June 19th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $17.00.

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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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