Credit Suisse Group (CS): Today's Featured Financial Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Credit Suisse Group fell $0.39 (-1.3%) to $29.68 on average volume. Throughout the day, 1,521,265 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1,296,800 shares. The stock ranged in price between $29.34-$29.70 after having opened the day at $29.43 as compared to the previous trading day's close of $30.07. Other companies within the Financial sector that declined today were:
Credit Suisse
(
UOIL
), down 8.1%,
(
), down 7.9%,
(
), down 6.7% and
Brookfield Residential Properties
(
), down 5.5%.
Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth individuals worldwide. Credit Suisse Group has a market cap of $40.5 billion and is part of the banking industry. Shares are up 22.6% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Credit Suisse Group
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.
- You can view the full Credit Suisse Group Ratings Report.
On the positive front,
(
), up 34.4%,
(
), up 17.2%,
(
), up 15.0% and
(
), up 14.9% , were all gainers within the financial sector with
(
) being today's featured financial sector leader.
- Use our financial section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
(
) while those bearish on the financial sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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