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    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
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Real-time Estimate Cboe Europe  -  10:44 2022-12-05 am EST
3.079 CHF   +4.37%
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Credit Suisse property fund postpones planned capital hike

10/03/2022 | 01:42am EST
FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Bern

ZURICH (Reuters) - The management of Credit Suisse Real Estate Fund Green Property has postponed a capital increase announced for the fourth quarter, citing high volatility for property funds and a market environment which has deteriorated significantly.

The Swiss bank said on Monday a successful issue in the fourth quarter could not be guaranteed.

"The fund management will closely monitor the development of the market and will decide in due course on a possible implementation of the capital increase for Credit Suisse Real Estate Fund Green Property," it added.

(Reporting by Michael Shields; Editing by Shri Navaratnam)


ę Reuters 2022
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Analyst Recommendations on CREDIT SUISSE GROUP AG
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Financials
Sales 2022 15 608 M 16 614 M 16 614 M
Net income 2022 -3 990 M -4 247 M -4 247 M
Net Debt 2022 - - -
P/E ratio 2022 -1,68x
Yield 2022 1,27%
Capitalization 9 082 M 9 668 M 9 668 M
Capi. / Sales 2022 0,58x
Capi. / Sales 2023 0,52x
Nbr of Employees 51 680
Free-Float 99,0%
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Technical analysis trends CREDIT SUISSE GROUP AG
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 15
Last Close Price 2,95 CHF
Average target price 5,09 CHF
Spread / Average Target 72,6%
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