Credit Suisse Group (CS) 12.43 $CS Downgrade Alert for

Credit Suisse Group (CS) 12.43 $CS

Downgrade Alert for Credit Suisse Group (CS)
Comtex SmarTrend(R) - Fri Jun 10, 3:14AM CDT
Credit Suisse Group (NYSE:CS) was downgraded from Overweight to Equal Weight at Barclays Capital today. The stock closed yesterday at $13.00 on volume of 4.3 million shares, above average daily volume of 3.0 million. Credit Suisse Group (NYSE:CS) has potential upside of 83.2% based on a current price of $13.00 and analysts' consensus price target of $23.82. The stock should run into initial resistance at its 50-day moving average (MA) of $14.71 and subsequent resistance at its 200-day MA of $20.95.
CS: 12.43 (-0.57)

Foreign Banks Stock Outlook - June 2016
Kalyan Nandy - Zacks Investment Research - Thu Jun 09, 4:30PM CDT
Foreign Banks Stock Outlook - June 2016
BCS: 9.56 (-0.64), TD: 44.50 (-0.49), BFR: 20.24 (-0.10), CS: 12.43 (-0.57), RY: 61.57 (-0.82), DB: 15.74 (-0.97), HSBC: 31.01 (-1.22), UBS: 14.33 (-0.42), CM: 80.53 (-0.89), SHG: 33.62 (-0.70)

Commodities Slightly Decreased in May due to Fundamental Factors
PR Newswire - Thu Jun 09, 10:52AM CDT
Commodities slightly decreased in May, driven by supply factors and macroeconomic events, according to Credit Suisse Asset Management.
CS: 12.43 (-0.57)

Goldman (GS) Cuts Jobs in Russia on Lower Profits & Deals
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 8:21AM CDT
Following disappointing first-quarter 2016 results, The Goldman Sachs Group, Inc. (GS) has cut jobs in Russia recently with more anticipated by the end of summer, according to Reuters.
GS: 149.89 (-3.28), CS: 12.43 (-0.57), DB: 15.74 (-0.97), BAC: 13.83 (-0.36)

Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links Exchange Traded Notes (the "ETNs".
PR Newswire - Mon Jun 06, 7:30AM CDT
-- On June 1, 2016, Credit Suisse declared coupon payments for the following ETNs:
GLDI: 10.68 (+0.02), SLVO: 10.24 (unch), CS: 12.43 (-0.57)

Goldman (GS) Lays off Executives in Investment Banking Unit
Zacks Equity Research - Zacks Investment Research - Thu Jun 02, 9:35AM CDT
According to Bloomberg, The Goldman Sachs Group, Inc. (GS) has retrenched employees in the investment banking division in London, New York and Hong Kong in the wake of reduced deals and 60% slump in first-quarter profits.
GS: 149.89 (-3.28), CS: 12.43 (-0.57), DB: 15.74 (-0.97), BAC: 13.83 (-0.36)

Credit Suisse AG Announces the Repurchase of its CSMA ETNs
PR Newswire - Wed Jun 01, 3:30PM CDT
Credit Suisse AG announced today that it will repurchase at its option its Credit Suisse X-Links Merger Arbitrage ETNs ("CSMA", as the outstanding principal amount of ETNs is $10,000,000 or less. The repurchase date is expected to be June 13, 2016.
CS: 12.43 (-0.57)

Look for Shares of Credit Suisse Group to Potentially Rebound after Yesterday's 4.06% Sell Off
Comtex SmarTrend(R) - Tue May 31, 3:35PM CDT
Credit Suisse Group (NYSE:CS) traded in a range yesterday that spanned from a low of $13.66 to a high of $13.91. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $14.22 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
CS: 12.43 (-0.57)

SmarTrend Watching for Potential Rebound in Shares of Credit Suisse Group After 4.06% Loss
Comtex SmarTrend(R) - Tue May 31, 3:33PM CDT
Credit Suisse Group (NYSE:CS) traded in a range yesterday that spanned from a low of $13.66 to a high of $13.91. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $14.22 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
CS: 12.43 (-0.57)

Citi (C) Settles Benchmark Manipulation Case for $425M
Zacks Equity Research - Zacks Investment Research - Thu May 26, 7:34AM CDT
Adding to the woes of banking giant Citigroup Inc. (C), Commodity Futures Trading Commission (CFTC) recently leveled a $425 million charge against the bank for manipulating certain key currency-valuation benchmarks.
BCS: 9.56 (-0.64), JPM: 63.84 (-0.91), CS: 12.43 (-0.57), C: 43.90 (-1.11), DB: 15.74 (-0.97), BAC: 13.83 (-0.36), RBS: 6.06 (-0.43)

Credit Suisse, Leader in Global Cleared Derivatives, Selects FIS Derivatives Utility
PR Newswire - Tue May 24, 7:30AM CDT
-- Credit Suisse is the most recent global capital markets firm to adopt the FIS Derivatives Utility.
FIS: 74.34 (-0.80), CS: 12.43 (-0.57)

LIBOR Lawsuits Revived Against 16 Banks, Fines to Follow?
Zacks Equity Research - Zacks Investment Research - Tue May 24, 7:27AM CDT
A federal appellate panel reinstated the private antitrust lawsuits against 16 banks related to the rigging of LIBOR, indicating no respite for the banks from their past wrongdoings.
BCS: 9.56 (-0.64), JPM: 63.84 (-0.91), CS: 12.43 (-0.57), C: 43.90 (-1.11), HSBC: 31.01 (-1.22), DB: 15.74 (-0.97), BAC: 13.83 (-0.36), UBS: 14.33 (-0.42)

Credit Suisse Announces Coupon Payment on its Credit Suisse X-Links Cushing® MLP Infrastructure ETN (ticker symbol "MLPN".
PR Newswire - Mon May 23, 7:30AM CDT
-- On May 17, 2016, Credit Suisse declared a Coupon Payment for the Credit Suisse X-Links Cushing® MLP Infrastructure ETN ("the ETN". Coupon details can be found in the table below.
CS: 12.43 (-0.57)

Banks to Face FDIC Suit Over Colonial Failure on Reversal
Zacks Equity Research - Zacks Investment Research - Fri May 20, 11:51AM CDT
A divided federal appeals court in New York yesterday revived a Federal Deposit Insurance Corp. (FDIC) lawsuit related to the 2009 failure of Colonial BancGroup Inc. against 11 banks.
JPM: 63.84 (-0.91), CS: 12.43 (-0.57), C: 43.90 (-1.11), DB: 15.74 (-0.97), WFC: 48.34 (-0.80), FHN: 13.92 (-0.18)

Bank Stock Roundup: Fed Hints at Rate Hike, JPMorgan & BofA in Focus
Zacks Equity Research - Zacks Investment Research - Fri May 20, 9:02AM CDT
Major banking stocks have been optimistic over the last five trading days on possibilities of an interest rate hike in June, as per minutes (released this week) of the Federal Open Market Committee (FOMC) meeting in April.
BBT: 35.92 (-0.26), JPM: 63.84 (-0.91), CS: 12.43 (-0.57), C: 43.90 (-1.11), DB: 15.74 (-0.97), BAC: 13.83 (-0.36), WFC: 48.34 (-0.80), KEY: 12.25 (-0.19), PNC: 87.00 (-1.33), FHN: 13.92 (-0.18)

Upgrade Alert for Credit Suisse Group (CS)
Comtex SmarTrend(R) - Fri May 20, 3:22AM CDT
Credit Suisse Group (NYSE:CS) was upgraded from Neutral to Buy at UBS today. The stock closed yesterday at $13.46 on volume of 5.2 million shares, above average daily volume of 3.0 million. Credit Suisse Group AG is an international financial services group. The Group provides investment banking, private banking, and asset management services to customers located around the world.
CS: 12.43 (-0.57)

Credit Suisse Announces the Launch of an MLP Exchange Traded Note: Credit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP Index ETN
PR Newswire - Wed May 18, 7:30AM CDT
Credit Suisse today announced the launch of its X-LinksTM Monthly Pay 2xLeveraged Alerian MLP Index ETN, which is listed on NYSE Arca under the ticker symbol "AMJL" and will begin trading this morning.
CS: 12.43 (-0.57)

HSBC to Hire 175 Compliance Staff at U.K. Ring-Fenced Unit?
Zacks Equity Research - Zacks Investment Research - Fri May 13, 7:50AM CDT
HSBC (HSBC) is said to employ 175 people for the financial-crime compliance team at its U.K. consumer bank, which is soon going to be split per the U.K. government's plans for the "ring-fencing" of retail and wholesale banking activities.
BCS: 9.56 (-0.64), CS: 12.43 (-0.57), HSBC: 31.01 (-1.22), DB: 15.74 (-0.97)

Credit Suisse (CS) Posts Q1 Loss Amid Tough Backdrop
Zacks Equity Research - Zacks Investment Research - Thu May 12, 7:29AM CDT
Credit Suisse reported dismal first-quarter 2016 results. Net loss attributable to shareholders came in at CHF 302 million, which is a significant deterioration from net income recorded in the year-ago quarter.
BCS: 9.56 (-0.64), HDB: 64.63 (-0.85), CS: 12.43 (-0.57), DB: 15.74 (-0.97)

Goldman Faces Regulatory Probe Linked to Panama Papers
Zacks Equity Research - Zacks Investment Research - Thu May 12, 7:18AM CDT
As the huge trove of leaked documents or the "Panama Papers" continues to prompt government investigations around the world, Wall Street giant The Goldman Sachs Group, Inc. (GS) becomes the latest bank to come under regulatory scanner
GS: 149.89 (-3.28), CS: 12.43 (-0.57), DB: 15.74 (-0.97)