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

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.

Credit Suisse Group ( CS) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Credit Suisse Group fell 43 cents (-1.9%) to $21.94 on average volume. Throughout the day, 2.2 million shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in price between $21.69-$22.21 after having opened the day at $22.17 as compared to the previous trading day's close of $22.37. Other companies within the Financial sector that declined today were: SGOCO Group ( SGOC), down 21.1%, Village Bank and Trust Financial Corporatio ( VBFC), down 19.2%, Credit Suisse ( DOIL), down 14.2%, and Porter Bancorp ( PBIB), down 10.9%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $28.52 billion and is part of the banking industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are down 6% year to date as of the close of trading on Thursday. 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.

On the positive front, Capital City Bank Group ( CCBG), up 16.9%, Oak Ridge Financial Services ( BKOR), up 11.3%, Greene County Bancorp ( GCBC), up 10.3%, and Noah Holdings ( NOAH), up 9.6%, were all gainers within the financial sector with Allstate ( ALL) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.
null