Credit Suisse Group (CS): Today's Featured Banking Laggard

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Credit Suisse Group ( CS) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 1%. By the end of trading, Credit Suisse Group fell 35 cents (-1.5%) to $22.85 on light volume. Throughout the day, 1.1 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 $22.84-$23.23 after having opened the day at $22.99 as compared to the previous trading day's close of $23.20. Other companies within the Banking industry that declined today were: Porter Bancorp ( PBIB), down 13.6%, National Bankshares ( NKSH), down 9.3%, National Bank of Greece ( NBG), down 8.7%, and American River Bankshares ( AMRB), down 8.7%.

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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 $31.28 billion and is part of the financial sector. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 3.1% 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 sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share.

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