Credit Suisse posts first-quarter profit beat

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Credit Suisse shares have declined almost 9 percent since the beginning of the year. Ubs Group Ag has $62.43B MC. The company has a market cap of $42,276.44, a P/E ratio of 31.43 and a beta of 1.44. Finally, Millennium Management LLC boosted its stake in shares of Credit Suisse Group by 693.6% during the 4th quarter. Credit Suisse Group's dividend payout ratio is now 133.33%. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.02).

Swiss bank Credit Suisse posted a 57 percent rise in first-quarter pre-tax profits on Wednesday, beating analyst expectations amid an ongoing restructuring plan. 4 are the (NYSE:CS)'s analyst reports since November 15, 2017 according to StockzIntelligence Inc. Zacks Investment Research raised Credit Suisse Group from a "sell" rating to a "hold" rating in a report on Monday, December 25th. Societe Generale upgraded shares of Credit Suisse Group from a "hold" rating to a "buy" rating in a research note on Thursday, February 15th. The company presently has an average rating of "Hold" and an average target price of $21.00. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of U.S. & global copyright and trademark legislation. The legal version of this piece of content can be viewed at https://theenterpriseleader.com/2018/04/26/guggenheim-capital-llc-cuts-holdings-in-credit-suisse-group-ag-cs.html.

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Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide.The firm is valued at $41.60 billion. The firm offers advisory and financial solutions, such as structured advisory, investment advisory, discretionary asset management, mergers and acquisitions transactions, corporate sales and restructurings, divestitures, takeover defense strategies, equity and fixed income sales, trading, debt and equity securities, spin-offs, debt and equity underwritings, private placements, and derivative products, as well as proprietary and third-party services and products. By contrast, UBS disappointed investors in its flagship wealth division, where CEO Sergio Ermotti is merging USA with other wealth arms, but shined in investment banking (see Point 3).

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