NEW YORK (TheStreet) -- Shares of Credit Suisse Group (CS - Get Report) are down -2.72% to $28.27 as the firm reversed course and said it will quit commodities trading after posting its biggest loss since the financial crisis in 2008, the result of a $1.78 billion fine from U.S. authorities for helping its clients evade taxes, Reuters reports.
Credit Suisse's fixed income unit beat its wealthy client unit and its U.S. rivals with a 4% jump in sales and trading, overcoming its own downbeat guidance in May, Reuters said.
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- CREDIT SUISSE GROUP's earnings per share declined by 31.3% 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 $1.29 versus $0.89 in the prior year. This year, the market expects an improvement in earnings ($2.65 versus $1.29).
- 45.78% is the gross profit margin for CREDIT SUISSE GROUP which we consider to be strong. Regardless of CS's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 9.50% trails the industry average.
- CS, with its decline in revenue, slightly underperformed the industry average of 0.1%. Since the same quarter one year prior, revenues slightly dropped by 4.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Capital Markets industry and the overall market on the basis of return on equity, CREDIT SUISSE GROUP underperformed against that of the industry average and is significantly less than that of the S&P 500.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Capital Markets industry. The net income has significantly decreased by 29.2% when compared to the same quarter one year ago, falling from $1,373.02 million to $971.72 million.
- You can view the full analysis from the report here: CS Ratings Report