Credit Suisse Group

Credit Suisse is a financial services provider based in Switzerland. Co. is active as an integrated bank. Co. operates through two global divisions, Private Banking and Corporate & Institutional Banking. Co. offers comprehensive advice and a broad range of financial solutions to private, corporate and institutional clients primarily domiciled in Switzerland. Co. maintains operations in three regionally focused divisions: Swiss Universal Bank, Asia Pacific and International Wealth Management serving Western Europe, Central and Eastern Europe, Latin America and Africa.
  • TickerCSGN
  • ISINCH0012138530
  • ExchangeSix Swiss Exchange
  • SectorBanks
  • CountrySwitzerland

Analysts

Credit Suisse Group AG: Q4 2019: Stable businesses deliver solid profitability as capital markets segments digest higher expenses

Our credit view of CS's fourth quarter 2019 results, including a detailed analysis on trends across segments.

Elisabeth Rudman ...
  • Maria Rivas Escrigas

DBRS Morningstar: Credit Suisse CEO Resigns After Challenges from Surveillance of Senior Executive

Please refer to PDF document for more detail about our research: DBRS Morningstar: Credit Suisse CEO Resigns After Challenges from Surveillance of Senior Executive

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Danjou
  • Jean Sassus
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/29/2020

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Jean Sassus ...
  • Steven Gould

ODDO : Banking supervision - Focus on profitability

>Profitability as the prudential indicator - Andrea Enria, head of the single supervisory mechanism (SSM), took advantage of the SREP (Supervisory Review and Evaluation Process) presentations to point out the weaknesses of the system and to detail his expectations. Three factors are considered signals of prudential deterioration: governance, risk and, above all, profitability. This last point appears to be a major source of concern. For the supervisor, profitability h...

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Danjou
  • Jean Sassus
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/01/2020

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Credit Suisse Group AG: Q4 2019: Stable businesses deliver solid profitability as capital markets segments digest higher expenses

Our credit view of CS's fourth quarter 2019 results, including a detailed analysis on trends across segments.

Elisabeth Rudman ...
  • Maria Rivas Escrigas

DBRS Morningstar: Credit Suisse CEO Resigns After Challenges from Surveillance of Senior Executive

Please refer to PDF document for more detail about our research: DBRS Morningstar: Credit Suisse CEO Resigns After Challenges from Surveillance of Senior Executive

Credit Suisse Group AG: Lower break-even point and sustained execution are likely to support rising returns into 2020

Our credit view following Credit Suisse's 2019 investor day, including our view of the group's revised return targets as well as continued sound capital and funding metrics.

Credit Suisse Group AG: Positive outlook reflects higher profitability potential and improved funding profile

Our detailed credit view behind Credit Suisse's ratings and recent outlook change to positive.

Credit Suisse AG: Restructured businesses will be more sustainably profitable and have an improved funding profile

This report details the key credit drivers underpinning our positive outlook on Credit Suisse.

Jean Sassus ...
  • Steven Gould

ODDO : Banking supervision - Focus on profitability

>Profitability as the prudential indicator - Andrea Enria, head of the single supervisory mechanism (SSM), took advantage of the SREP (Supervisory Review and Evaluation Process) presentations to point out the weaknesses of the system and to detail his expectations. Three factors are considered signals of prudential deterioration: governance, risk and, above all, profitability. This last point appears to be a major source of concern. For the supervisor, profitability h...

Jean Sassus ...
  • Steven Gould

ODDO : Supervision bancaire – Focus sur la rentabilité

>La rentabilité comme indicateur prudentiel - Mr Enria, Président du SSM, a profité de la présentation des SREP pour pointer très directement les faiblesses du système et pour préciser les attentes. Trois facteurs sont considérés comme un signal de détérioration prudentielle : gouvernance, risques et surtout rentabilité. Ce dernier point semble une préoccupation majeure. Pour le superviseur, la rentabilité devient plus explicitement une mesure de risque. Afficher une ...

Jean Sassus ...
  • Steven Gould

ODDO : Q4 2019 results for US CIB – mixed signals for European CIB

>Shared trends but difficult to extrapolate uniformly - Extrapolating the data for US banks to European banks is always tricky given the differences in models and operating environments (i.e. rates …). That said, the Q4 revenues of US CIB do show some broadly shared trends:Fixed Income – Sales & Trading: Q4 2018 marked a (very) low comparison base. However, the Q4 2019 performances are more than just a recovery on a low base. Trading in securitised mortgage and c...

Jean Sassus ...
  • Steven Gould

ODDO : CIB US T4 2019 – Signaux contrastés pour les CIB européennes

>Tendances partagées mais pas uniformément extrapolables - L’extrapolation des données des banques US aux banques européennes est toujours délicate compte tenu des différences de modèles et de contexte (ie taux…). Cependant, les revenus T4 des CIB US font ressortir quelques tendances assez largement partagées :Fixed Income – Sales& Trading: T4 2018 constituait une base de comparaison (très) faible. Cependant, les performances T4 2019 vont au-delà d’un simple rebo...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Fehmi Ben Naamane
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/16/2020

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Credit Suisse Group Ag: 1 director sold

A director at Credit Suisse Group Ag sold 53,470 shares at 13.022CHF and the significance rating of the trade was 99/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Danjou
  • Jean Sassus
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/29/2020

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Danjou
  • Jean Sassus
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/01/2020

...

Charles Lepetitpas ...
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Jean Sassus
  • Laurence Hofmann
  • Marc Lavaud
  • Martial Descoutures
  • Oussema Denguir
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 01/17/2020

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Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Marc Lavaud
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/17/2020

In this report, we discuss the acceleration of a new model governing relations between advertising agencies and advertisers. Advertising agencies are not about to disappear but are set to gradually lose their role as prime contractors as in-house advertising, facilitated by technology, becomes more widespread. For Publicis and WPP, organic growth and margins will remain under pressure at least until 2020. Valuations are currently low (P/E 2020e of ~9.9x) but our sector analysis still ...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Marc Lavaud
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/01/2020

Nous décrivons dans cette étude l’accélération d’un nouveau modèle entre agences de publicité et annonceurs. Les agences ne disparaitront pas mais vont progressivement perdre leur rôle de maitre d’ouvrage sous l’effet du développement de l’internalisation, facilitée par la technologie. La croissance organique et les marges de Publicis et WPP resteront sous pression au moins jusqu’en 2020. La valorisation est actuellement faible (PE 20e de ~9.9x) mais notre analyse sectorielle nous con...

Ibrahim Firdaus

Credit Suisse Group AG

Thanks to a better fundamental star rating, CREDIT SUISSE GROUP AG sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to CREDIT SUISSE GROUP AG (CH), active in the Money Center Banks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date October 29, 2019, the closing price was CHF 12.71 and its expected value was estimated at CHF 11.98.

Ibrahim Firdaus

Credit Suisse

Ibrahim Firdaus

Credit Suisse

Ibrahim Firdaus

Credit Suisse

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Rothschild & Co SCA - Strategy, SWOT and Corporate Finance Report

Summary Rothschild & Co SCA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Rothschild & Co SCA (Rothschild) is an investment management company. It offers a wide range of strategic, merger and acquisition, wealth management, and fund-raising advisory services. It also offers debt advisory and restructuring, asset management, trust, investment solutions, equity ...

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Lazard Ltd - Strategy, SWOT and Corporate Finance Report

Summary Lazard Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Lazard Ltd (Lazard) offers asset management and financial advisory services. Its asset management business comprises global investment solutions and investment management services. The company offers investments in mutual funds, closed-end funds and retirement plans through multi-asset, global eq...

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Banque Cantonale Vaudoise - Strategy, SWOT and Corporate Finance Report

Summary Banque Cantonale Vaudoise - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Banque Cantonale Vaudoise (BCV) is a cantonal bank that provides a wide range of retail and corporate banking, wealth management and trading solutions to individuals and corporate and financial professionals. The bank's portfolio of products includes current accounts, savings accou...

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Ubs Ag - Mergers & Acquisitions (M&A), Partnerships & Alliances And Investments

Summary Marketline's Ubs Ag Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Ubs Ag since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. KeyHighlights This repo...

MarketLine Department

Evercore Partners Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances And Investments

Summary Marketline's Evercore Partners Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Evercore Partners Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive adva...

Crédit Suisse Group – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Matthieu DRIOL

Short term view - CREDIT SUISSE GROUP : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at CHF 12.040. The background trend would be questioned should prices rise above CHF 15.440.

Matthieu DRIOL

Analyse court terme - CREDIT SUISSE GROUP : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 12,040 CHF. La tendance de fond serait remise en cause en cas de franchissement de 15,440 CHF.

Matthieu DRIOL

Analyse court terme - CREDIT SUISSE GROUP : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 12,040 CHF. La tendance de fond serait remise en cause en cas de franchissement de 15,440 CHF.

Matthieu DRIOL

Short term view - CREDIT SUISSE GROUP : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at CHF 12.040. The background trend would be questioned should prices rise above CHF 15.440.

Matthieu DRIOL

Medium term view - CREDIT SUISSE GROUP : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at CHF 10.865, then CHF 8.851. Passing CHF 16.200 would question the continuation of the fall.

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