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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Credit Suisse Group AG    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
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Financials Up Slightly After Jobs Data -- Financials Roundup

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07/02/2020 | 05:55pm EDT

Shares of banks and other lenders and money managers rose slightly after a stronger-than-anticipated rebound in jobs growth in June.

The unemployment rate fell sharply, but still remains above 11%, according to the Labor Department. One strategist said investors should not be surprised that the stock rally continues even with an elevated unemployment rate.

"Why does the stock market produce better returns when angst on Main Street is high?" asked Jim Paulsen, chief investment strategist at money manager The Leuthold Group, in a note to clients. "Because a high unemployment rate signals outsized potential to improve the economy in future years by lowering unemployment, boosting incomes, raising spending and speeding profit growth."

Swiss bank Credit Suisse Group is conducting an internal review of funds operated jointly with investment manager Greensill, which invests in a private security firm that runs a hotel in Mogadishu, a coal miner that paid Greensill in stock instead of cash, and several firms that got more in financing than they generated in revenue, The Wall Street Journal reported.

 Write to Rob Curran at rob.curran@dowjones.com 

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Financials
Sales 2020 21 665 M 23 703 M 23 703 M
Net income 2020 3 006 M 3 289 M 3 289 M
Net Debt 2020 - - -
P/E ratio 2020 8,15x
Yield 2020 2,70%
Capitalization 24 465 M 26 705 M 26 767 M
Capi. / Sales 2020 1,13x
Capi. / Sales 2021 1,14x
Nbr of Employees 48 800
Free-Float 95,2%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 12,00 CHF
Last Close Price 10,49 CHF
Spread / Highest target 62,1%
Spread / Average Target 14,5%
Spread / Lowest Target -31,8%
EPS Revisions
Managers
NameTitle
Thomas Gottstein Chief Executive Officer
Urs Rohner Chairman
James Walker Chief Operating Officer
David Richard Mathers Chief Financial Officer
John Ivan Tiner Independent Non-Executive Director
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