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Credit Suisse Group AG ADR - Stock Quote CS

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Morningstar's Credit Suisse Group AG ADR Stock Analysis

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Credit Suisse's Profit Warning Points to Weaker Performance in Its Investment Banking Franchise

Niklas Kammer, CFA Equity Analyst

Analyst Note

| Niklas Kammer, CFA |

Credit Suisse’s share price dropped further on the back of this week’s profit warning and management now believes that losses in the investment banking division in the second quarter will likely lead to a loss for the entire group. With a lack of clarity on the numbers for this, we do not plan to make any immediate changes to our full-year forecasts or CHF 10 fair value estimate.

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Credit Suisse Group AG ADR's Company Profile

Business Description

Credit Suisse runs a global wealth management business, a global investment bank and is one of the two dominant Swiss retail and commercial banks. Geographically its business is tilted toward Europe and the Asia-Pacific.

Contact
Paradeplatz 8
Zurich, 8001, Switzerland
T +41 443336607
Industry Banks - Diversified
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 51,030

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