Credit Suisse Stock Rating Reaffirmed by JPMorgan Chase & Co. (CS)

Credit Suisse (NYSE:CS)‘s stock had its “buy” rating reaffirmed by equities research analysts at JPMorgan Chase Co. in a research note issued to investors on Thursday, reports.

Several other research analysts have also recently issued reports on CS. Bankhaus Lampe cut Credit Suisse to a “sell” rating in a research report on Thursday. Zacks downgraded Credit Suisse from a “hold” rating to a “sell” rating in a research note on Wednesday, July 8th. Morgan Stanley raised Credit Suisse from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 1st. Vetr upgraded Credit Suisse from a “hold” rating to a “buy” rating and set a $29.30 price target on the stock in a report on Tuesday, August 25th. Finally, TheStreet upgraded Credit Suisse from a “sell” rating to a “hold” rating in a report on Friday, July 24th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $28.10.

Shares of Credit Suisse (NYSE:CS) traded up 1.05% on Thursday, hitting $25.11. The stock had a trading volume of 1,884,905 shares. Credit Suisse has a 52-week low of $21.01 and a 52-week high of $29.99. The firm has a market cap of $41.02 billion and a PE ratio of 11.74. The firm’s 50-day moving average price is $25.29 and its 200 day moving average price is $26.95.

Credit Suisse (NYSE:CS) last released its quarterly earnings data on Wednesday, October 21st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.07. The firm earned $5.99 billion during the quarter, compared to analyst estimates of $33.05 billion. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, equities research analysts predict that Credit Suisse will post $2.31 EPS for the current year.

Credit Suisse Group AG (NYSE:CS) is a global financial services company. The Company operates in three segments: Investment Banking Wealth Management and Private Banking. Private Banking Wealth Management offers a wide selection of financial solutions plus advice to corporate, private and institutional customers. The Private Banking Wealth Management includes the Wealth Management Clients, Institutional Corporate Clients and Asset Management businesses. Asset Management offers a range of solutions and investment products across asset types and for all investment styles, functioning authorities, institutions, corporations and individuals around the globe. Investment Banking offers securities products and investment banking and services to corporate, institutional and government clients around the world. Services and its products include equity and debt underwriting, sales and trading, MAn advice, divestitures, corporate deal, restructuring and investment research.

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Tuesday, October 27th, 2015 EN

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