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Credit Suisse Group AG (0QP5.IL)

IOB - IOB Delayed price. Currency in CHF
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5.38+0.00 (+0.04%)
At close: 06:16PM BST
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Previous close5.38
Bid5.33 x N/A
Ask5.51 x N/A
Day's range5.37 - 5.50
52-week range5.34 - 10.17
Avg. volume3,040,680
Market cap13.864B
Beta (5Y monthly)1.57
PE ratio (TTM)N/A
EPS (TTM)-0.67
Earnings dateN/A
Forward dividend & yield0.10 (1.86%)
Ex-dividend date09 May 2022
1y target estN/A
  • Reuters

    Credit Suisse scraps negative rates for Swiss private clients

    Credit Suisse is scrapping the negative interest rates it has charged wealthy Swiss clients since 2020, the lender said on Wednesday, as its economists anticipate a further rate hike in Switzerland this year. "Despite the continued negative interest-rate environment, Credit Suisse will repeal the account balance fee and thus move away from using negative interest rates in Swiss francs as of July 1 for the private client business," the bank said in a statement. In its first rate hike in 15 years, the Swiss National Bank (SNB) in June raised its policy interest rate to -0.25% from the -0.75% level it has deployed since 2015.

  • Reuters

    Credit Suisse wealth growth initiatives may need to be 'tempered'

    ZURICH (Reuters) -Credit Suisse's ambitions to redeploy some 3 billion Swiss francs ($3.14 billion) in capital towards its wealth management division by 2024 could be "tempered" due to a more challenging market environment that has emerged since the strategy was set in November, executives said on Tuesday. "Clearly, the rate at which you see some of the initiatives being deployed has to be tempered given the market environment," Wealth management head Francescso De Ferrari told investors and analysts during an investor presentation, adding the long-term strategy remained unchanged. The bank on Tuesday said it was sticking to a strategy overhaul laid out in November despite challenges created by market turmoil, while extending the savings it hopes to achieve through technology.

  • Bloomberg

    Credit Suisse to Lean on Wealth Unit, Technology in Revamp

    (Bloomberg) -- Credit Suisse Group AG vowed to boost the business with rich clients and cut costs through simplifying technology as it seeks to emerge from two years of scandal and losses. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseBig Tech Sinks Stocks Bruised by Recession Fears: Markets WrapA $2 Trillion Free-Fall Rattles Crypto to the CoreAnti-Abortion Centers Find Pregnant Teens Onlin