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 Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Credit Suisse Group fell 38 cents (-1.4%) to $26.20 on light volume. Throughout the day, 1.2 million shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $26.14-$26.60 after having opened the day at $26.54 as compared to the previous trading day's close of $26.58. Other companies within the Banking industry that declined today were: Carver Bancorp ( CARV), down 7.3%, NASB Financial ( NASB), down 6.7%, Crescent Financial ( CRFN), down 6.4%, and Emclaire Financial Corporation ( EMCF), down 6.3%.
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 $34.39 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 8.2% 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 none rate 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, disappointing return on equity and weak operating cash flow.