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    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
  Report
Delayed Swiss Exchange  -  11:30:28 2023-02-02 am EST
3.352 CHF   +4.49%
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China's COVID protests weigh on European shares

11/28/2022 | 03:23am EST
FILE PHOTO: German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European shares fell from three-month highs on Monday, led by declines in energy, retail, and mining stocks, as widespread protests in China against strict COVID-19 curbs sparked a wave of selling in global markets.

The pan-European STOXX 600 index slipped 0.5% by 0802 GMT, following sharp declines in Asian stocks.

China posted another record high COVID-19 infections on Monday, after an extraordinary weekend of protests, raising worries about the management of China's zero-COVID policy and its impact on the world's second-largest economy.

European oil stocks tumbled 2.0% as crude prices shed almost 3%, while sliding metal prices weighed on miners, which fell 1.1%.

Other European sectors exposed to China, including automakers and luxury, also fell in early deals.

Credit Suisse's shares slipped 0.3% to a fresh record low. The head of its Swiss unit said "some customers have withdrawn some of their money, but very few have actually closed their accounts," in an interview to a local newspaper on Sunday.

Brenntag SE fell 7.6% after the German chemicals distributor said it held preliminary discussions for a potential acquisition with U.S. rival Univar Solutions Inc.

(Reporting by Sruthi Shankar in Bengaluru; editing by Uttaresh.V)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENNTAG SE 3.64% 71.22 Delayed Quote.19.26%
BRENT OIL -0.06% 82.02 Delayed Quote.-0.55%
CREDIT SUISSE GROUP AG 4.49% 3.352 Delayed Quote.21.27%
STOXX EUROPE 600 (EUR) 1.35% 459.2 Delayed Quote.6.64%
STOXX EUROPE 600(EUR)(TR) 1.35% 1061.74 Delayed Quote.6.71%
UNIVAR SOLUTIONS INC. 0.66% 35.26 Delayed Quote.10.88%
WTI -0.08% 75.695 Delayed Quote.-1.72%
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Analyst Recommendations on CREDIT SUISSE GROUP AG
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Financials
Sales 2022 15 276 M 16 777 M 16 777 M
Net income 2022 -6 708 M -7 367 M -7 367 M
Net Debt 2022 - - -
P/E ratio 2022 -1,62x
Yield 2022 1,32%
Capitalization 13 301 M 14 608 M 14 608 M
Capi. / Sales 2022 0,87x
Capi. / Sales 2023 0,82x
Nbr of Employees 51 680
Free-Float 99,0%
Chart CREDIT SUISSE GROUP AG
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Technical analysis trends CREDIT SUISSE GROUP AG
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 3,35 CHF
Average target price 4,09 CHF
Spread / Average Target 22,0%
EPS Revisions
Managers and Directors
Ulrich K÷rner Group Chief Executive Officer
Dixit Joshi Chief Financial Officer
Axel P. Lehmann Chairman
Joanne Hannaford Chief Technology Officer
Francesca Jane McDonagh Chief Operating Officer
Sector and Competitors