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Credit Suisse Group AG (CS.N)

CS.N on New York Stock Exchange

14.71USD
1:00pm EDT
Change (% chg)

$0.14 (+0.96%)
Prev Close
$14.57
Open
$14.71
Day's High
$14.75
Day's Low
$14.65
Volume
632,000
Avg. Vol
1,357,891
52-wk High
$16.17
52-wk Low
$10.01

Latest Key Developments (Source: Significant Developments)

Credit Suisse raises targets on global stock indexes
Tuesday, 21 Mar 2017 02:59pm EDT 

Credit Suisse Group AG analysts in a research note published on Tuesday upgraded their forecasts on the following stock market indexes: Credit Suisse raises S&P 500 index <.SPX> year-end target to 2,500 from 2,300 . Credit Suisse raises FTSE 100 <.FTSE> mid-year target to 7,400 from 7,100; year-end target to 7,500 from 7,000 . Credit Suisse raises Euro Stoxx index <.STOXX50> year-end target to 3,700 from 3,450 . Credit Suisse raises Nikkei 225 index <.N225> year-end target to 21,000 from 19,800 Further company coverage: [CSGN.S] (Reporting by Richard Leong) ((richard.leong@thomsonreuters.com;)).  Full Article

Credit Suisse CEO "cautiously optimistic" about 2017 - CNBC
Tuesday, 14 Feb 2017 02:00am EST 

Credit Suisse Group AG :CEO says cautiously optimistic about 2017 - CNBC.  Full Article

Credit Suisse CFO says 2017 CET1 ratio between 11-12 pct
Tuesday, 14 Feb 2017 02:00am EST 

Credit Suisse Group Ag : CFO says expects to operate with cet1 ratio in 2017 between 11-12 percent pre-IPO of Swiss bank-newswires call . Credit Suisse CFO says due to tax programmes and external asset manager exits, expect gross 2017 outflows of 5 billion Sfr in IWM, around 3 billion in SUB, around 1 billion in APAC Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse says reaches settlement with U.S. DOJ over mortgage-backed securities matter
Wednesday, 18 Jan 2017 01:07pm EST 

Credit Suisse Group Ag : Credit Suisse says reaches settlement with U.S. Department of Justice regarding legacy residential mortgage-backed securities matter . Credit Suisse says under the terms of the settlement, Credit Suisse will pay to the DOJ a civil monetary penalty of USD 2.48 billion . Credit Suisse says in addition, Credit Suisse will provide consumer relief totaling USD 2.8 billion within five years post settlement .Credit Suisse says will take a pre-tax charge of approximately USD 2 billion in addition to its existing reserves of USD 550 million against this matter, this charge will be taken in its 4Q 2016 financial results.  Full Article

Credit Suisse CEO says 2017 should be less challenging than 2016
Wednesday, 7 Dec 2016 10:00am EST 

Credit Suisse Group Ag : CFO says U.S. Tax rate might fall from 25-30 percent to 25 percent or below 25 percent under possible tax policy from president-elect Trump . CEO says partnership with another bank on cost-sharing initiative is at very early stage and is a long shot . CEO says 2017 should be less challenging than 2016 Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse CFO says bank has not changed dividend policy
Wednesday, 7 Dec 2016 07:00am EST 

Credit Suisse Group Ag : CFO says expects to be at upper end of CET1 ratio target range of 11-12 percent by end-Q4 . CFO says: "Just in terms of dividend, I'd note that we've not changed our policy. That is we intend to pay a minimum of 0.70 Swiss francs per share with a scrip alternative until we reach our capital target for the transition to the Basel III reform." Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse says expects Q4 IBCM to show continued improvement over 2015
Wednesday, 7 Dec 2016 06:38am EST 

Credit Suisse Group Ag : Investment Banking & Capital Markets head James Amine says in Q4 IBCM performance is expected to show continued improvement over 2015 even though street fees are going to continue to be down YoY Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse sees 2016 as the final year of tax regularization in Europe
Wednesday, 7 Dec 2016 05:57am EST 

Credit Suisse Group Ag : International Wealth Management head says 2016 is the final year of tax regularization in Europe Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse global markets head says trading volumes in equities have improved post-U.S. election
Wednesday, 7 Dec 2016 04:27am EST 

Credit Suisse Group's Global Markets CEO Brian Chin says: Expects revenues in equities business to be up sequentially in Q4 compared to Q3 but down year on year . Trading volumes in equities have improved post-U.S. election Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse CEO says headcount reduction will not stop
Wednesday, 7 Dec 2016 03:03am EST 

Credit Suisse Group CEO says in media call: At this stage not giving specific number of job cuts but we know what we want to do . Will give small update on Q4 numbers in global markets but we are today not commenting globally on bank's performance . Headcount reduction will not stop-media call . Bank's belief in medium-term in Asia Pacific market is intact . In global markets in Q4 has seen good momentum in fixed income, equities expected to be up sequentially Further company coverage: [CSGN.S] (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

More From Around the Web

Photo

Credit Suisse CEO pockets $12 million despite back-to-back losses

ZURICH Credit Suisse Chief Executive Tidjane Thiam's pay for his first full year in the job swelled to 11.9 million Swiss francs ($12 million), while bonuses rose 6 percent despite back-to-back annual losses at Switzerland's second-biggest bank. | Video