Credit Suisse Group Stock Falls On Unusually High Volume (CS)
Credit Suisse Group (NYSE:CS) is trading at unusually high volume Tuesday with 12.9 million shares changing hands. It is currently at 4.7 times its average daily volume and trading down 56 cents (-2.1%).
NEW YORK ( TheStreet) -- Credit Suisse Group (NYSE: CS) is trading at unusually high volume Tuesday with 12.9 million shares changing hands. It is currently at 4.7 times its average daily volume and trading down 56 cents (-2.1%) at $26.76 as of four p.m. ET. Credit Suisse Group has a market cap of $33.6 billion and is part of the financial sector and banking industry. Shares are down 30.6% year to date as of the close of trading on Monday. 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. The company has a P/E ratio of 9.5, below the average banking industry P/E ratio of 9.8 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Credit Suisse Group as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally weak debt management, disappointing return on equity and weak operating cash flow. You can view the full Credit Suisse Group Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.