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    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
  Report
Real-time Estimate Cboe Europe  -  10:08:03 2023-03-28 am EDT
0.7710 CHF   +1.02%
07:43aFrench corporate finance chiefs vet bank risks and exposure -lobby
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07:41aCredit Suisse Shareholders Urged to Vote Against Executive Pay, Board Actions
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07:14aBafin banking supervisor Röseler: No danger of a systemic crisis
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Credit Suisse logs worst annual loss since global financial crisis

02/09/2023 | 12:51am EDT
FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Bern

ZURICH (Reuters) - Credit Suisse Group on Thursday reported its worst annual loss since the 2008 global financial crisis, battered by scandals and heavy losses that led to unprecedented customer withdrawals.

Switzerland's second biggest bank posted a net loss in the fourth quarter of 1.39 billion Swiss francs ($1.51 billion), in line with an analyst consensus estimate of 1.34 billion francs compiled by the lender.

The bank had flagged in November a hefty quarterly loss.

The result compares with a 2 billion franc loss in the same quarter a year earlier, and brings Credit Suisse's total net loss in 2022 to 7.29 billion francs, marking its second straight year in the red.

($1 = 0.9195 Swiss francs)

(Reporting by Noele Illien; editing by John Stonestreet and Edwina Gibbs)


ę Reuters 2023
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Analyst Recommendations on CREDIT SUISSE GROUP AG
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Financials
Sales 2023 14 604 M 15 934 M 15 934 M
Net income 2023 -2 237 M -2 440 M -2 440 M
Net Debt 2023 - - -
P/E ratio 2023 -1,44x
Yield 2023 6,29%
Capitalization 3 008 M 3 282 M 3 282 M
Capi. / Sales 2023 0,21x
Capi. / Sales 2024 0,19x
Nbr of Employees 50 480
Free-Float 98,4%
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Mean consensus UNDERPERFORM
Number of Analysts 15
Last Close Price 0,76 CHF
Average target price 2,63 CHF
Spread / Average Target 245%
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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
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