Credit Suisse Group AG (NYSE:CS) gapped up prior to trading on Friday . The stock had previously closed at $11.08, but opened at $11.27. Credit Suisse Group AG shares last traded at $11.51, with a volume of 2,658,734 shares trading hands.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Credit Suisse Group AG in a research note on Monday, June 20th. Sanford C. Bernstein assumed coverage on Credit Suisse Group AG in a research note on Monday, July 11th. They set an “underperform” rating for the company. Royal Bank Of Canada lowered Credit Suisse Group AG from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 28th. Barclays PLC lowered Credit Suisse Group AG from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $19.00 to $14.00 in a research note on Thursday, June 9th. Finally, Bank of America Corp. upgraded Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a research note on Friday, May 20th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.28.

The stock has a 50 day moving average of $11.49 and a 200 day moving average of $13.97. The company’s market cap is $22.50 billion.

Credit Suisse Group AG (NYSE:CS) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.07. The business earned $4.75 billion during the quarter, compared to the consensus estimate of $24.24 billion. Credit Suisse Group AG’s revenue was down 26.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 earnings per share. On average, analysts forecast that Credit Suisse Group AG will post $0.64 earnings per share for the current year.

Several institutional investors have bought and sold shares of CS. Brandes Investment Partners LP raised its position 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 worth $63,967,000 after buying an additional 1,617,311 shares during the last quarter. Wells Fargo & Company MN raised its position 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 worth $19,825,000 after buying an additional 536,219 shares during the last quarter. Finally, Comerica Bank raised its position in 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.

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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