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    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
  Report
Delayed Swiss Exchange  -  11:31:24 2023-01-27 am EST
3.210 CHF   +1.20%
01/27Rising interest rates have a sting in the tail for Europe's banks
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01/25Credit Suisse Lays Off Investment Bankers In Mexico
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Credit Suisse raises 2.24 billion Swiss francs in second part of capital hike

12/08/2022 | 12:20pm EST
FILE PHOTO: Christmas tree is decorated in front of headquarters of Swiss bank Credit Suisse in Zurich

ZURICH (Reuters) - Credit Suisse on Thursday announced the final result of its 4 billion Swiss franc ($4.25 billion) capital raise, saying 98.2% of shareholder rights to buy stock at a discount had been taken up in the second part of the fundraising.

Switzerland's second biggest bank said subscription rights for 872.9 million new shares had been used in the capital hike, intended to fund an overhaul of the scandal-plagued lender.

This meant 2.24 billion francs had been raised by Credit Suisse, as expected, in addition to the 1.8 billion francs raised from an earlier placing of stock with a group of institutional investors led by Saudi National Bank.

($1 = 0.9406 Swiss francs)

(Reporting by John Revill; Editing by Kirsten Donovan)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG 1.20% 3.21 Delayed Quote.16.14%
THE SAUDI NATIONAL BANK -0.10% 48.2 End-of-day quote.-4.55%
All news about CREDIT SUISSE GROUP AG
01/27Rising interest rates have a sting in the tail for Europe's banks
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01/26Swiss SMEs Remain Cautiously Optimistic Despite Export Slowdown
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Analyst Recommendations on CREDIT SUISSE GROUP AG
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Financials
Sales 2022 15 276 M 16 585 M 16 585 M
Net income 2022 -6 708 M -7 283 M -7 283 M
Net Debt 2022 - - -
P/E ratio 2022 -1,55x
Yield 2022 1,38%
Capitalization 12 738 M 13 829 M 13 829 M
Capi. / Sales 2022 0,83x
Capi. / Sales 2023 0,79x
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 20
Last Close Price 3,21 CHF
Average target price 3,56 CHF
Spread / Average Target 11,0%
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