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TheStreet Open House

Why Credit Suisse (CS) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Credits Suisse Group  (CS) are down 1.8% TO 32.09 today as the firm faces the threat of a new investigation into its role in helping wealthy Americans avoid paying taxes after Benjamin Lawsky, New York's financial services superintendent, requested documents from the Swiss bank, Reuters reported.

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TheStreet Ratings team rates CREDIT SUISSE GROUP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate CREDIT SUISSE GROUP (CS) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • Compared to its closing price of one year ago, CS's share price has jumped by 27.42%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • CREDIT SUISSE GROUP's earnings per share declined by 12.2% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, CREDIT SUISSE GROUP increased its bottom line by earning $1.76 versus $0.89 in the prior year. This year, the market expects an improvement in earnings ($3.55 versus $1.76).
  • The company, on the basis of net income growth from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and the Capital Markets industry average. The net income increased by 9.2% when compared to the same quarter one year prior, going from $318.19 million to $347.55 million.
  • Net operating cash flow has significantly decreased to -$3,698.89 million or 118.25% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • You can view the full analysis from the report here: CS Ratings Report

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