Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Credit Suisse Group fell 33 cents (-1.4%) to $22.68 on average volume. Throughout the day, 2.2 million shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $22.18-$22.75 after having opened the day at $22.28 as compared to the previous trading day's close of $23.01. Other companies within the Banking industry that declined today were:
), down 9.8%,
), down 7.2%,
), down 6.3%, and
), down 5.9%.
- ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.
Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. Credit Suisse Group has a market cap of $29.5 billion and is part of the
sector. The company has a P/E ratio of 9.5, below the average banking industry P/E ratio of 56 and below the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and one rates it a hold.
TheStreet Ratings rates Credit Suisse Group as a
. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, disappointing return on equity, deteriorating net income and feeble growth in its earnings per share.
- You can view the full Credit Suisse Group Ratings Report.
- Use our banking section to find industry-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 banking industry could consider
) while those bearish on the banking industry could consider
- Find other investment ideas from our top rated ETFs lists.
FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge!
Free download now