(NYSE:CS) Credit Suisse Group AG Dips To New 52 Week Low

Shipwreck freeimages.com/Roger Buser
Shipwreck freeimages.com/Roger Buser

Credit Suisse Group AG (NYSE:CS)

December 7th, 2018
Amidst falling markets Credit Suisse Group AG fell $0.22 Friday, a 1.94% decline, closing at $11.11. As well as the drop in value, Credit Suisse Group AG hit a new 52 week low of $11.04, breaking the previous low of $11.05 from earlier this month.

CS was outperformed by the rest of the Financials sector which went down just 1.84%.

Expectations from 1 analyst suggest that Credit Suisse Group AG might grow significantly (67%).

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.40%), while Information Technology saw the biggest drop (3.53%). Healthcare has seen the biggest year-to-date gain at 9.38%. The biggest loss this year has been the Materials sector dropping 15%.

Utilities saw the biggest turnaround from its 5-day performance of 2.89%, as it went up 0.40%. Real Estate saw a turn around from its 5-day performance of 1.28% trading down 1.44%.

Sector Breakdown

  • Utilities went up with a 0.40% change.
  • Energy went down with a -0.64% change.
  • Consumer Staples went down with a -1.29% change.
  • Real Estate went down with a -1.44% change.
  • Financials went down with a -1.84% change.
  • Communication Services went down with a -2.09% change.
  • Healthcare went down with a -2.51% change.
  • Materials went down with a -2.54% change.
  • Industrials went down with a -2.62% change.
  • Consumer Discretionary went down with a -3.08% change.
  • Information Technology went down with a -3.53% change.

Credit Suisse is based in Zürich, Switzerland. It was founded by Alfred Escher in 1856.

Credit Suisse Group AG Info

Credit Suisse AG provides private banking and investment banking services. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit segments. The company offers a range of advice and financial solutions, including structured advisory; wealth management solutions; investment advice and discretionary asset management services; and advisory services related to mergers and acquisitions, divestitures, takeover defense mandates, business restructurings, and spin-offs. It also offers various banking services, such as lending, payment, capital goods leasing, syndications and structured finance, trade finance, ship and aviation finance, securities, treasury, and foreign exchange services, as well as fund solutions and fund-linked services. In addition, the company provides global securities sales, trading and execution, prime brokerage, and investment research services; and investment solutions and services to pension funds, governments, foundations and endowments, corporations, and individuals. As of December 31, 2017, it maintained 378 offices and branches worldwide. The company offers its products and services to private, corporate, institutional, ultra-high-net-worth and high-net-worth individuals, financial institutions, governments, and institutional investors, as well as affluent and retail clients. The company was founded in 1856 and is based in Zurich, Switzerland. Credit Suisse AG is a subsidiary of Credit Suisse Group AG.

All amounts in USD unless otherwise indicated

CS daily update
CS daily update

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