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    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
  Report
Delayed Swiss Exchange  -  11:31 2022-10-06 am EDT
4.217 CHF   +2.60%
01:33pS&P Says Credit Suisse AG Affirmed At 'A/A-1' Amid Weaker Economic Forecasts, Outlook Remains Negative
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01:33pS&p- credit suisse ag affirmed at 'a/a-1' amid weaker economic f…
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09:20aSector Update: Financial Stocks Decline Pre-Bell Thursday
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Marketmind: Dovish Fed taper, now hawkish BoE?

11/04/2021 | 03:06am EDT
A person walks past the Bank of England, in London

A look at the day ahead from Danilo Masoni.

Well done Mr. Powell! The Federal Reserve Chair looks to have managed to sell the dialling back of the bank's massive stimulus programme as a dovish taper and investors can now return to the joys of stock markets at record highs.

The U.S. policy package contained no nasty surprises -- the $15 billion reduction in monthly purchases was consensual and the inflation is "transitory" message was reiterated.

As a result, European stock futures point to new all-time peaks after Wall Street notched another record close. And with earnings still squeezing out positive surprises and real yields deeply sub-zero, many see no choice but to keep investing in equities.

With the Fed out of the way, it's D-day for the Bank of England which could become the first of the world's big central banks to raise rates since the coronavirus pandemic hit.

Poland surprised on Wednesday, with its biggest rate hike since 2000 , jolting its banking stocks to all-time peaks.

Speaking of banks, Societe Generale saw better-than-expected Q3 profit growth, driven by strong corporate and investment banking revenues and lower bad loans.

Credit Suisse, on the other hand, posted a 21% fall in Q3 net profit hit by higher taxes and charges to settle allegations of corruption surrounding loans to Mozambique.

Finally, Ether, the world's No. 2 cryptocurrency, scaled another all-time high, rising as high as $4,670.81.

(For graphic on World Stocks - https://fingfx.thomsonreuters.com/gfx/mkt/zgvomkmblvd/Morning%20bid.PNG)

Key developments that should provide more direction to markets on Thursday:

* Swiss drugmaker Roche agreed to buy a nearly one-thirdvoting stake held by cross-town rival Novartis in itself for$20.7 billion * Norway Central Bank meeting * Bank of England announces rate decision * ECB President Christine Lagarde and board member IsabelSchnable speak - 1245 GMT * German industrial output/manufacturing * Final services PMI everywhere * Euro zone PPI * OPEC-plus meeting * South Africa's medium term budget statement, CzechNational Bank meeting * U.S. trade balance/weekly jobless * Europe earnings:  Amundi, Banco BPM, Commerzbank, BT, Euronext, Hannover Re, ING, Societe Generale, Telefonica,WizzAir * U.S. earnings: Uber, AirBnb

(Reporting by Danilo Masoni; editing by Sujata Rao)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIRBNB, INC. 0.64% 112.395 Delayed Quote.-32.87%
AMUNDI -1.44% 43.7 Real-time Quote.-38.88%
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) 0.31% 0.57499 Delayed Quote.6.06%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.35% 0.65447 Delayed Quote.2.15%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -1.38% 0.64217 Delayed Quote.-10.29%
BRITISH POUND / EURO (GBP/EUR) -0.65% 1.13795 Delayed Quote.-3.60%
BRITISH POUND / US DOLLAR (GBP/USD) -1.69% 1.11647 Delayed Quote.-15.37%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) 0.74% 0.652401 Delayed Quote.10.54%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.06% 0.742457 Delayed Quote.6.49%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.95% 0.72815 Delayed Quote.-6.41%
COMMERZBANK AG -0.03% 7.35 Delayed Quote.9.91%
CREDIT SUISSE GROUP AG 2.60% 4.217 Delayed Quote.-53.67%
EURO / BRITISH POUND (EUR/GBP) 0.69% 0.87859 Delayed Quote.3.76%
EURO / US DOLLAR (EUR/USD) -1.04% 0.98094 Delayed Quote.-12.82%
HANNOVER RÜCK SE -2.04% 156.25 Delayed Quote.-4.58%
INDIAN RUPEE / BRITISH POUND (INR/GBP) 1.11% 0.010941 Delayed Quote.7.85%
INDIAN RUPEE / EURO (INR/EUR) 0.32% 0.012425 Delayed Quote.4.22%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.52% 0.012186 Delayed Quote.-8.58%
LONDON BRENT OIL 0.44% 94.02 Delayed Quote.17.76%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -1.98% 0.56639 Delayed Quote.-16.09%
NOVARTIS AG -1.06% 75.54 Delayed Quote.-4.90%
ROCHE HOLDING AG -0.75% 325.55 Delayed Quote.-13.48%
S&P 500 -0.60% 3759.71 Real-time Quote.-20.62%
SOCIÉTÉ GÉNÉRALE -0.12% 21.115 Real-time Quote.-30.01%
TELEFÓNICA, S.A. -0.74% 3.364 Delayed Quote.-12.02%
US DOLLAR / BRITISH POUND (USD/GBP) 1.71% 0.895664 Delayed Quote.18.15%
US DOLLAR / EURO (USD/EUR) 1.05% 1.019451 Delayed Quote.13.88%
All news about CREDIT SUISSE GROUP AG
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Analyst Recommendations on CREDIT SUISSE GROUP AG
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Financials
Sales 2022 16 459 M 16 701 M 16 701 M
Net income 2022 -2 483 M -2 519 M -2 519 M
Net Debt 2022 - - -
P/E ratio 2022 -4,49x
Yield 2022 1,75%
Capitalization 10 730 M 10 860 M 10 888 M
Capi. / Sales 2022 0,65x
Capi. / Sales 2023 0,57x
Nbr of Employees 51 410
Free-Float 98,4%
Chart CREDIT SUISSE GROUP AG
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Credit Suisse Group AG Technical Analysis Chart | MarketScreener
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Technical analysis trends CREDIT SUISSE GROUP AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Last Close Price 4,11 CHF
Average target price 5,98 CHF
Spread / Average Target 45,4%
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