CSGKF Credit Suisse Group AG featured news, full reports, and detailed charts
Credit Suisse Group AG (CSGKF/CSGKF.PK) Wrap Up:
Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company worldwide. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The Private Banking segment offers advisory services and a range of wealth management solutions, including pension planning, life insurance products, tax planning, and wealth and inheritance advice for the high-net-worth individuals. This segment also supplies banking products and services to high-net-worth, corporate, and retail clients in Switzerland. The Investment Banking segment provides investment banking and securities products and services to corporate, institutional, and government clients. This segment?s products and services include debt and equity underwriting, sales and trading, mergers and acquisitions advice, divestitures, corporate sales, restructuring, and investment research. The Asset Management segment offers integrated investment solutions and services to institutions, governments, and private clients. It provides access to a range of investment classes, including money market, fixed income, equities, balanced products, and alternative investments, such as real estate, hedge funds, private equity, and volatility management. The company has operations in Switzerland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Credit Suisse Group was founded in 1856 and is headquartered in Zurich, Switzerland.Credit Suisse Group AG (CSGKF:Pink OTC Markets Inc)
Snapshot of Credit Suisse Group AG (CSGKF)
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OPEN
$52.86
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PREVIOUS CLOSE
$53.00
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DAY HIGH
$53.21
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DAY LOW
$52.75
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52 WEEK HIGH
10/21/09 - $60.95
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52 WEEK LOW
11/20/08 - $18.25
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MARKET CAP
62.0B
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AVERAGE VOLUME 3 mo
37.1K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
1.2B
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CSGKF Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
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CSGKF Top Compensated Officers
Executives, Board Directors
Key developments for Credit Suisse Group AG (CSGKF)
Credit Suisse Group announced that Michael Ingelog will join the company as Chief Executive Officer of the Nordic Region. Michael will report to Eric Varvel, CEO of the Europe, Middle East and Africa region and joins in January 2010. He will initially be based in London and will relocate to the Nordic region over time. He will be a member of the EMEA Operating Committee. As CEO of the Nordic region, Michael will be responsible for the company's business in the Nordic region across Private Banking, Investment Banking and Asset Management divisions. This newly created role will facilitate the execution of the company's integrated bank strategy in the region, allowing us to deliver the group's expertise for the benefits of its clients. The company intends to open an office in Stockholm, Sweden by early 2010, subject to regulatory approvals.
Credit Suisse reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has posted net income attributable to company was CHF 2,354 million or CHF 1.81 diluted per share compared to net loss attributable to company of CHF 1,261 million or CHF 1.22 diluted loss per share for the same period a year ago. Income from continuing operations CHF 2,166 million or CHF 1.67 diluted per share compared to loss from continuing operations CHF 1,267 million or CHF 1.23 diluted per share for the same period a year ago. ROE was positive at 25.1% compared to negative ROE of 13.1% for the same period a year ago. Net Revenue was CHF 8,917 million compared to CHF 3,023 million for the same period a year ago. Total book value per share was CHF 32.63 compared to CHF 37.47 for the same period a year ago. For the nine months, the company has posted net income attributable to company was CHF 5,931 million or CHF 4.59 diluted per share compared to net loss attributable to company of CHF 2,194 million or CHF 2.31 diluted per share for the same period a year ago. Income from continuing operations CHF 5,762 million or CHF 4.46 diluted per share compared to loss from continuing operations CHF 2,201 million or CHF 2.32 diluted per share for the same period a year ago. ROE was positive at 21.8% compared to negative ROE of 7.5% for the same period a year ago. Net Revenue was CHF 27,084 million compared to CHF 13,692 million for the same period a year ago. Total book value per share CHF 32.63 compared to CHF 37.47 for the same period a year ago. Capital expenditures for premises and equipment and other intangible assets decreased 7% to CHF 914 million from CHF 986 million in the same period last year.
Credit Suisse Group announced that it has announced the opening of its second facility in India and its fifth global centre of excellence. The facility will initially house its Knowledge Process Outsourcing employees who provide support to the front office businesses of its investment bank. Credit Suisse will initially employ 150 staff in its Mumbai facility, which is expected to grow to 350 employees by 2010. The Swiss bank also operates another centre of excellence in the western Indian city of Pune. In addition to these two centres it also operates such facilities in Singapore, Raleigh Durham (North Carolina) and Wroclaw (Poland), providing a range of functions, including IT, finance, human resources and operations support to its businesses around the world.
CSGKF Competitors
| Company | Last | Change |
| American Express Co | $40.93 USD | -0.21 |
| Credit Agricole SA | €14.07 EUR | -0.34 |
| Goldman Sachs Group Inc | $170.01 USD | -2.82 |
| Mizuho Financial Group Inc | ¥158.00 JPY | +3.00 |
| Royal Bank of Canada | C$57.53 CAD | -0.02 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CSGKF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 3.1x |
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| Price/Book | 1.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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CSGKF |
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CSGKF transactions
| Type Date |
Target |
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Merger/Acquisition
November 1, 2009 |
WECO Inkasso AG |
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Merger/Acquisition
September 16, 2009 |
PKO Towarzystwo Funduszy Inwestycyjnych SA |
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Merger/Acquisition
August 7, 2009 |
260,000 sq. ft at 20 Columbus Courtyard in Canary Wharf |
More Recent News About Credit Suisse Group AG
More news for CSGKF
UBS: The Good Days Are Gone
LONDON -- UBS might be lagging behind its European peers in banking, but it still manages a lot of the world's wealth: The Swiss bank looks after 1.65 trillion Swiss francs ($1.55 trillion) worth of assets for private individuals worldwide. Yet that number is in constant flux now that private banking clients from the U.S. and Europe are getting spooked by its ongoing case with the Department of Justice over allegedly helping Americans evade taxes. Swiss media reports say UBS, which has 71,800 employees and a market capitalization of $39 billion, may reach a settlement with the U.S. in which it will hand over 5,000 client names who are most heavily suspected of tax evasion. Though that's a lot less than the 52,000 or so that the Department of Justice is demanding, even that concession will likely have a long-term, damaging effect on the bank's crucial reputation for secrecy. "Each time we have huge media coverage on this issues, this has a direct impact on our net new money because people get concerned," said a UBS ( UBS - news - people ) spokesman. "The clients are now not sure what is going on."So what to do? UBS could take advantage of the fact that its Swiss-domiciled clients have no such concerns about having their details handed over to the state. There was a marked slowdown in outflows from UBS' Swiss-domiciled private banking clients in its second quarter results on Tuesday. (See "UBS Plays ...Click here to read the whole Article (external link)
UBS Plays The Confidence Game
LONDON -- While its European rivals post a homecoming to profit, UBS is still stuck in the wilderness of losses. The Swiss banking giant, which is reportedly close to a settlement with the U.S. Internal Revenue Service over accusations that it helped thousands of Americans evade taxes, posted its third straight quarterly loss on Tuesday. The second-quarter deficit of 1.3 billion Swiss francs ($1.2 billion) was wider than expected, and the result of 2.3 billion Swiss francs ($2.2 billion) in write-downs. While other European banks like Barclays ( BCS - news - people ) and HSBC have been experiencing a revival in investment banking, UBS has been busy cutting costs and marking down hard-to-sell assets. Indeed it could be a few quarters yet before UBS returns to profit, says Swiss fund manager Marco Bider, and it is likely that the bank's management have effectively written off 2009 as they look to a recovery next year. Its biggest challenge now, he said, is regaining the confidence of private banking customers.First, UBS must overcome being the victim of bad timing. With its investment bank smarting from billions of write-downs related to the subprime mortgage crisis, clients of its stalwart pri...Click here to read the whole Article (external link)