Credit Suisse Group AG (NYSE:CS)’s share price 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 traded.

A number of brokerages recently issued reports on CS. Sanford C. Bernstein began coverage on Credit Suisse Group AG in a report on Monday, July 11th. They issued an “underperform” rating on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Credit Suisse Group AG in a report on Tuesday, June 28th. Royal Bank Of Canada cut Credit Suisse Group AG from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 28th. Barclays PLC cut Credit Suisse Group AG to a “hold” rating in a research note on Monday, June 27th. Finally, JPMorgan Chase & Co. cut Credit Suisse Group AG from a “neutral” rating to an “underweight” rating in a research note on Monday, June 27th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.28.

The firm’s market cap is $24.57 billion. The company has a 50 day moving average price of $11.49 and a 200-day moving average price of $13.97.

Credit Suisse Group AG (NYSE:CS) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.07. The company earned $4.75 billion during the quarter, compared to the consensus estimate of $24.24 billion. During the same quarter last year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was down 26.6% compared to the same quarter last year. On average, equities analysts predict that Credit Suisse Group AG will post $0.64 earnings per share for the current fiscal year.

Other large investors have recently modified their holdings of the company. Comerica Bank boosted its stake 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 valued at $2,064,000 after buying an additional 17,086 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of 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 last quarter. Finally, Brandes Investment Partners LP boosted its stake in shares of 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 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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