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

CREDIT SUISSE GROUP AG

(CSGN)
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Credit Suisse : Swiss looks set to dismiss ban on funding of weapons makers

11/29/2020 | 06:51am EST
FILE PHOTO:  A banner reading

ZURICH (Reuters) - Swiss voters on Sunday looked set to reject a proposal seeking to impose a ban on funding arms makers, the latest anti-military referendum in a nation that hasn't fought an external war for 200 years, first projections released by broadcaster SRF showed.

A wide majority of 58% of voters looked set to reject the proposal, which would have implications for major Swiss banks and investors, as well as Swiss industry, initial counts showed.

The Initiative Against the War Trade proposed banning the central bank and pension funds from holding shares in companies which generate more than 5% of sales from weapons and components. It would ban banks from lending to defence firms.

(Reporting by Brenna Hughes Neghaiwi; Editing by Edmund Blair)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG -0.45% 12.18 Delayed Quote.6.84%
SAAB AB -0.30% 234 Delayed Quote.-2.30%
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Financials
Sales 2020 22 157 M 25 020 M 25 020 M
Net income 2020 2 944 M 3 325 M 3 325 M
Net Debt 2020 - - -
P/E ratio 2020 10,3x
Yield 2020 2,38%
Capitalization 29 497 M 33 312 M 33 308 M
Capi. / Sales 2020 1,33x
Capi. / Sales 2021 1,35x
Nbr of Employees 48 800
Free-Float 98,9%
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Technical analysis trends CREDIT SUISSE GROUP AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 13,69 CHF
Last Close Price 12,18 CHF
Spread / Highest target 47,0%
Spread / Average Target 12,4%
Spread / Lowest Target -41,3%
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Managers and Directors
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
Sector and Competitors