Shares of Credit Suisse Group AG (NYSE:CS) saw strong trading volume on Tuesday . 12,195,477 shares changed hands during trading, an increase of 58% from the previous session’s volume of 7,718,656 shares.The stock last traded at $11.05 and had previously closed at $10.76.

Several equities analysts have commented on the stock. Sanford C. Bernstein assumed coverage on shares of Credit Suisse Group AG in a research report on Monday. They set an “underperform” rating on the stock. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Credit Suisse Group AG in a research report on Tuesday, June 28th. Royal Bank Of Canada cut shares of Credit Suisse Group AG from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, June 28th. Barclays PLC cut shares of Credit Suisse Group AG to a “hold” rating in a research report on Monday, June 27th. Finally, JPMorgan Chase & Co. cut shares of Credit Suisse Group AG from a “neutral” rating to an “underweight” rating in a research report on Monday, June 27th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Credit Suisse Group AG presently has a consensus rating of “Hold” and a consensus target price of $17.28.

The firm’s market capitalization is $21.55 billion. The firm’s 50-day moving average price is $12.30 and its 200-day moving average price is $14.73.

Credit Suisse Group AG (NYSE:CS) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.07. During the same period in the prior year, the firm earned $0.79 earnings per share. The business had revenue of $4.75 billion for the quarter, compared to analyst estimates of $24.24 billion. The firm’s quarterly revenue was down 26.6% on a year-over-year basis. Equities research analysts predict that Credit Suisse Group AG will post $0.65 earnings per share for the current fiscal year.

Several institutional investors have modified their holdings of CS. Comerica Bank boosted its position in shares of Credit Suisse Group AG by 19.3% in the fourth quarter. Comerica Bank now owns 105,395 shares of the company’s stock worth $2,064,000 after buying an additional 17,086 shares during the last quarter. Wells Fargo & Company MN raised its stake in Credit Suisse Group AG by 141.9% in the fourth quarter. Wells Fargo & Company MN now owns 914,026 shares of the company’s stock valued at $19,825,000 after buying an additional 536,219 shares during the period. Finally, Brandes Investment Partners LP raised its stake in Credit Suisse Group AG by 121.4% in the fourth quarter. Brandes Investment Partners LP now owns 2,949,132 shares of the company’s stock valued at $63,967,000 after buying an additional 1,617,311 shares during the period.

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

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