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    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
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Delayed Swiss Exchange  -  11:30 2022-09-29 am EDT
3.828 CHF   -4.32%
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Credit Suisse wealth growth initiatives may need to be 'tempered'

06/28/2022 | 07:30am EDT
A logo is pictured on the Credit Suisse bank in Geneva,

ZURICH (Reuters) - Credit Suisse's ambitions to redeploy some 3 billion Swiss francs ($3.14 billion) in capital towards its wealth management division by 2024 could be "tempered" due to a more challenging market environment that has emerged since the strategy was set in November, executives said on Tuesday.

"Clearly, the rate at which you see some of the initiatives being deployed has to be tempered given the market environment," Wealth management head Francescso De Ferrari told investors and analysts during an investor presentation, adding the long-term strategy remained unchanged.

(Reporting by Brenna Hughes Neghaiwi, Editing by Louise Heavens)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG -4.32% 3.828 Delayed Quote.-54.90%
FERRARI N.V. -2.52% 186.42 Delayed Quote.-26.11%
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Analyst Recommendations on CREDIT SUISSE GROUP AG
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Financials
Sales 2022 16 469 M 16 808 M 16 808 M
Net income 2022 -2 461 M -2 511 M -2 511 M
Net Debt 2022 - - -
P/E ratio 2022 -4,23x
Yield 2022 1,97%
Capitalization 9 994 M 10 199 M 10 199 M
Capi. / Sales 2022 0,61x
Capi. / Sales 2023 0,52x
Nbr of Employees 51 410
Free-Float 98,4%
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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 HOLD
Number of Analysts 21
Last Close Price 3,83 CHF
Average target price 6,16 CHF
Spread / Average Target 60,9%
EPS Revisions
Managers and Directors
Ulrich Körner Group Chief Executive Officer
David Richard Mathers Chief Financial & Information Officer
Axel P. Lehmann Chairman
Joanne Hannaford Chief Technology Officer
Francesca Jane McDonagh Chief Operating Officer
Sector and Competitors