CSGN.VX - Credit Suisse Group AG

Swiss - Swiss Delayed price. Currency in CHF
12.28
-0.08 (-0.65%)
At close: 5:31PM CEST
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Previous close12.36
Open12.41
Bid12.26 x 1585400
Ask12.15 x 1718200
Day's range12.24 - 12.48
52-week range12.24 - 16.31
Volume8,353,634
Avg. volume6,521,292
Market cap31.186B
Beta (3Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est19.37
  • Bloomberg14 hours ago

    U.S. Economic Outlook Dims as Capital Goods Add to Weak Data

    JPMorgan Chase & Co. cut its forecast for second-quarter economic growth to 1% from 2.25% and said the Federal Reserve’s next interest-rate move is equally likely to be a hike or a cut, instead of an increase, chief U.S. economist Michael Feroli said in a note Friday. Oxford Economics lowered its estimate to 1.3% from 1.6%, while Barclays Plc's tracking forecast went down to 2% from 2.2%. Friday’s report showing lower capital and durable goods orders in April -- in addition to earlier data on retail sales, housing and manufacturing -- suggest the economy is losing momentum.

  • Lioness Capital Seeks to Defy the Odds as Hedge Funds Struggle
    Bloomberg15 hours ago

    Lioness Capital Seeks to Defy the Odds as Hedge Funds Struggle

    Asli Ay is starting a hedge fund focused on political and policy-related events after a career of providing insights on how government actions can impact investments. “For the foreseeable future government policies in developed and large emerging markets will be the key determinant of value in a variety of sectors impacting a range of securities,” Ay said in an interview. Hedge fund startups are facing a tough environment following lackluster industry performance and investor pressure on fees.

  • Biggest Buyer of CLOs in Europe Wants to Get Paid More
    Bloombergyesterday

    Biggest Buyer of CLOs in Europe Wants to Get Paid More

    Japan’s Norinchukin Bank has been the biggest buyer of the top-rated tranche of European CLOs this year and has invested at a spread 6 basis points lower than the broader buyer base. The increase may not sound like much, but the bank’s tighter level has helped those managers on its approved supplier list secure cheaper funding costs during a tough time for the CLO arbitrage, or gap between the money brought in from the loans and the cost of borrowing for a CLO manager.

  • Here's How We Evaluate Credit Suisse Group AG's (VTX:CSGN) Dividend
    Simply Wall St.2 days ago

    Here's How We Evaluate Credit Suisse Group AG's (VTX:CSGN) Dividend

    Could Credit Suisse Group AG (VTX:CSGN) be an attractive dividend share to own for the long haul? Investors are often...

  • Hybrid CDOs Are ‘Cheapest Thing in the Entire Globe,’ CSAM Says
    Bloomberg3 days ago

    Hybrid CDOs Are ‘Cheapest Thing in the Entire Globe,’ CSAM Says

    (Bloomberg) -- A reincarnated version of collateralized debt obligations, backed by both high-yield bonds and leveraged loans, offers investors some of the best relative-value plays in fixed-income, according to Credit Suisse Asset Management.

  • Wall Street’s Legal Nemesis Sidelined in Fannie Rigging Case
    Bloomberg3 days ago

    Wall Street’s Legal Nemesis Sidelined in Fannie Rigging Case

    (Bloomberg) -- A top Manhattan class-action lawyer spread anxiety across trading desks recently when he identified 27 traders by name in a lawsuit alleging that their employers colluded to rig trading in Fannie Mae and Freddie Mac bonds.

  • Bloomberg3 days ago

    Mulsanne Prices Hong Kong IPO Below Marketed Range

    The shares were offered at HK$4.68 to HK$5.88 each earlier, according to a prospectus. The Hong Kong stock exchange carried out several changes last year to make itself a more attractive IPO venue against competitors in China and the U.S. Those amendments include allowing listings with weighted voting rights and relaxing requirements for biotechnology companies in order to draw more new-economy firms. An IPO pricing flexibility mechanism was also among the initiatives.

  • Ex-Credit Suisse Banker Pleads Guilty in $2 Billion Mozambique Scam
    Bloomberg4 days ago

    Ex-Credit Suisse Banker Pleads Guilty in $2 Billion Mozambique Scam

    An ex-Credit Suisse Group AG banker became the first person to plead guilty in what U.S. prosecutors called a $2 billion fraud and money-laundering scam tied to loans to Mozambique that were used to pay bribes and kickbacks. Detelina Subeva, 37, a former vice president in the bank’s global financing unit, pleaded guilty on Monday to one count of conspiracy to launder funds. The U.S. agreed to drop three other conspiracy charges against Subeva, who’s one of three Credit Suisse bankers accused of working with Mozambique’s ex-finance minister in a secret kickback scheme.

  • Reuters4 days ago

    Ex-Credit Suisse banker pleads guilty to U.S. charge over Mozambique loan

    A former Credit Suisse Group AG banker pleaded guilty on Monday to a U.S. charge that she helped launder money from a kickback scheme involving $2 billion in loans to state-owned companies in Mozambique. Detelina Subeva, 37, pleaded guilty to one count of money laundering conspiracy before U.S. District Judge William Kuntz in Brooklyn, New York. Subeva is one of three Credit Suisse bankers charged by U.S. prosecutors in January with taking part in the scheme.

  • Rate Hikes Derailed by Shekel Could Mean Much Longer Pause Ahead
    Bloomberg4 days ago

    Rate Hikes Derailed by Shekel Could Mean Much Longer Pause Ahead

    “The window for raising rates is closing rapidly,” Guy Beit-Or, head of macro research at Psagot Investment House Ltd., said in a note. The shekel’s performance as one of this year’s standout currencies is complicating the central bank’s progress toward exiting years of ultra-low rates, following a surprise decision in November to raise rates. “They’re really signaling to the market that they’re still far from raising rates,” said Rafi Gozlan, chief economist for Israel Brokerage and Investments in Tel Aviv.

  • Fastly Races Up After $180 Million IPO at Top of Its Range
    Bloomberg7 days ago

    Fastly Races Up After $180 Million IPO at Top of Its Range

    (Bloomberg) -- Software provider Fastly Inc. closed its trading debut Friday up 50% after raising $180 million in its U.S. initial public offering.

  • Iron Ore Powers Above $100 as Supply Crisis Roils Global Market
    Bloomberg8 days ago

    Iron Ore Powers Above $100 as Supply Crisis Roils Global Market

    Benchmark spot ore climbed 2.5% to $100.35, according to Mysteel Global. Earlier, most-active futures in Singapore jumped as much as 3.8%, while miners’ shares powered ahead, with Fortescue Metals Group Ltd. hitting the highest since 2008. Iron ore has staged a stunning rally in 2019 as supply disruptions in Brazil and Australia, the top shippers, spurred forecasts the seaborne market will swing to a deficit.

  • Loose Lips and FX Tips: How Chats Cost Banks $1.2 Billion
    Bloomberg8 days ago

    Loose Lips and FX Tips: How Chats Cost Banks $1.2 Billion

    Talk may be cheap, but in currency traders’ chatrooms, at least, improper messages can be very expensive for their companies. In instant message groups with names such as "Semi Grumpy Old Men" and "Three Way Banana Split" up to nine foreign-exchange spot traders logged in for long conversations about their work. Regulators said on Thursday they’re still looking at a third chatroom cartel that could involve fines for Credit Suisse Group AG and others.

  • Cars and Shampoo Tell a Tale of India's Slowing Consumption
    Bloomberg10 days ago

    Cars and Shampoo Tell a Tale of India's Slowing Consumption

    More cautious spending on everything from shampoo to cars and travel threaten to weaken what’s been the backbone of the economy, contributing about three-fifths of gross domestic product. The pullback has acted as a drag on growth, which is predicted to have slowed for a fourth consecutive quarter to 6.5% in the three months to March, the weakest pace since mid-2017 and almost on par with China. While official GDP numbers for the March quarter are due May 31, high-frequency data for services and manufacturing point to activity slowing with industrial production contracting in March for the first time in nearly two years.

  • Rich Asia Investors Face Rising Risk in Leveraged Bond Funds
    Bloomberg10 days ago

    Rich Asia Investors Face Rising Risk in Leveraged Bond Funds

    “When you put a number of high-yield issuers from a single sector into a fixed-maturity product portfolio, is there diversification?” said Desmond Soon, head of investment management for Asia ex-Japan at Western Asset Management. Fixed-maturity products typically offer investors a targeted yield, and there is less transparency compared to regular funds that disclose what they buy and track a benchmark, according to Rahul Banerjee, founder of Bondevalue, a fintech firm that focuses on Asian bond markets. “We have more than 100 issuers in the fixed maturity fund and it is broadly diversified by borrowers and geography,” said Alexandre Bouchardy, head of Singapore asset management at Credit Suisse Group AG.

  • How a Modest Hedge Fund Returned Six Times the Global Average
    Bloomberg15 days ago

    How a Modest Hedge Fund Returned Six Times the Global Average

    While its hedge fund can make value investments and profit from shifting spreads between related securities, most of the gains come from Hsiao taking a view on credit events such as mergers, refinancing, reorganizations, rating changes or asset sales. By the time she got into investing via Nomura Holdings Inc.’s proprietary trading desk in London -- first as an intern and later helping to set up the capital structure arbitrage team -- she was also juggling family responsibilities as the mother of two young children. At Nomura, and on the prop trading desks of Credit Suisse Group AG and Merrill Lynch, as well as at hedge fund CQS, she used her legal training to figure out strategies as she went along.

  • Options Traders Target Emerging Markets as U.S.-China Talks Sour
    Bloomberg15 days ago

    Options Traders Target Emerging Markets as U.S.-China Talks Sour

    The hours that followed the opening of U.S. markets Thursday saw a rush for protection in segments of the derivatives market most sensitive to the U.S.-China trade tiff. “While we think risk is still tilted to the downside ahead of tomorrow’s tariff deadline, the situation is fast-moving and we could be one tweet away from a major reversal,’’ said Mandy Xu, chief equity derivatives strategist at Credit Suisse.

  • A $25 Billion CLO Manager Is Set to Shake Up Pricing in Europe
    Bloomberg16 days ago

    A $25 Billion CLO Manager Is Set to Shake Up Pricing in Europe

    CSAM, with at least $25 billion in CLO assets under management, has the potential to set a new precedent for other syndicated transactions to follow. The 405.5 million euro ($453 million) transaction, Madison Park Euro Funding XIV, is being arranged by Credit Suisse with pricing targeted for the middle of this month, according to a person familiar with the matter.

  • Eerie Calm in FX Leaves Market Vulnerable in More Volatile World
    Bloomberg16 days ago

    Eerie Calm in FX Leaves Market Vulnerable in More Volatile World

    Measures of currency volatility have risen only marginally in the wake of President Donald Trump’s tweets putting a trade deal in doubt, with the most activity centered on the Chinese yuan. The eerie calm in foreign-exchange volatility markets even amid jarring macro news has become more commonplace. “This could be more of a structural development than a cyclical issue,” said Steve Barrow, head of currency strategy at Standard Bank.

  • Bloomberg18 days ago

    A Housing Contrarian Who Was Ahead of the 2008 Curve

    Or when a major home building company, Toll Brothers Inc., names the recent lows after you (“the Zelman bottom”)? If you were Ivy Zelman, housing analyst at Credit Suisse First Boston — and you just happened to be right about your forecast of an impending housing and mortgage collapse that will be part of the Great Financial Crisis — you double down. The sales staff might not have appreciated her negativity, but her clients — including subprime bears John Paulson, Steve Eisman (depicted in “The Big Short”) and Danny Moses of FrontPoint Partners — appreciated her actionable perspectives.

  • The Options Market Is Ignoring a Way to Play the Trade War
    Bloomberg18 days ago

    The Options Market Is Ignoring a Way to Play the Trade War

    “The price action yesterday was reminiscent of the Q2 2018 period, when tariff worries caused the Russell to outperform the S&P, and emerging-market equities to sell off while U.S. equities rallied,’’ wrote Pravit Chintawongvanich, Wells Fargo’s equity derivatives strategist. Global equities have been battered this week after President Donald Trump’s pronouncement, reinforced by U.S. Trade Representative Robert Lighthizer, that the U.S. would escalate tariffs on imported Chinese goods on Friday. Chintawongvanich doesn’t expect “an exact replay” of what transpired last year, but noted that the iShares China Large-Cap ETF, ticker FXI, and iShares MSCI Emerging Market ETF, tagged EEM, are likely to underperform U.S. small caps “significantly” in the event that trade talks deteriorate.

  • Amherst Pierpont Joins One of Wall Street's Most Exclusive Clubs
    Bloomberg18 days ago

    Amherst Pierpont Joins One of Wall Street's Most Exclusive Clubs

    The broker-dealer on Monday was added to the list of U.S. primary dealers, a group of firms that transact directly with the Federal Reserve Bank of New York as it implements monetary policy. The company is also required to participate in all auctions of U.S. government debt along with peers such as Morgan Stanley, Citigroup and Goldman Sachs. “We view this designation as a natural evolution of our commitment to provide our customers with the highest level of service and best market intelligence in the fixed income capital markets,” Amherst Pierpont Chief Executive Officer Joe Walsh said in a statement.

  • Louis Dreyfus in Talks to Sell Equity Stakes to Key Partners
    Bloomberg22 days ago

    Louis Dreyfus in Talks to Sell Equity Stakes to Key Partners

    Chief Executive Officer Ian McIntosh said the company is seeking partners to buy equity and help it expand in fast-growing emerging markets, like China. While Dreyfus has traditionally dominated bulk commodity trading like sugar and cotton, profit margins in the business are shrinking. McIntosh’s strategy to revive growth is to push Dreyfus into business lines that are closer to the consumer.

  • Shadow Lender Crisis Averted, Says Most Valuable Indian Bank
    Bloomberg22 days ago

    Shadow Lender Crisis Averted, Says Most Valuable Indian Bank

    Tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s non-bank financial firms following last year’s defaults by Infrastructure Leasing & Financial Services Ltd., according to HDFC Bank Ltd.’s Managing Director Aditya Puri. “It’s not a Lehman-like thing that comes and then there is contagion across the system,” Puri said, referring to the U.S. firm that collapsed a decade ago and plunged the global economy into a downturn.

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