03/22/2019 | 01:10am EDT

Credit Suisse

Credit Suisse AG is one of the worlds leading financial services providers and is part of the Credit Suisse group of companies (referred to here as Credit Suisse). Our strategy builds on Credit Suisses core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 45680 people. The registered shares (CSGN) of Credit Suisse AGs parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Cautionary statement regarding forward-looking information

This document contains statements that constitute forward-looking statements. In addition, in the future we, and others on our behalf, may make statements that constitute forward-looking statements. Such forward-looking statements may include, without limitation, statements relating to the following:

  • our plans, objectives, ambitions, targets or goals;
  • our future economic performance or prospects;
  • the potential effect on our future performance of certain contingencies; and
  • assumptions underlying any such statements.

Words such as believes, anticipates, expects, intends and plans and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. We do not intend to update these forward-looking statements except as may be required by applicable securities laws.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, ambitions, targets, expectations, estimates and intentions expressed in such forward-looking statements. These factors include:

  • the ability to maintain sufficient liquidity and access capital markets;
  • market volatility and interest rate fluctuations and developments affecting interest rate levels;
  • the strength of the global economy in general and the strength of the economies of the countries in which we conduct our operations, in particular the risk of continued slow economic recovery or downturn in the US or other developed countries or in emerging markets in 2018 and beyond;
  • the direct and indirect impacts of deterioration or slow recovery in residential and commercial real estate markets;
  • adverse rating actions by credit rating agencies in respect of us, sovereign issuers, structured credit products or other credit-related exposures;
  • the ability to achieve our strategic goals, including those related to cost efficiency, income/(loss) before taxes, capital ratios and return on regulatory capital, leverage exposure threshold, risk-weighted assets threshold, return on tangible equity, and other targets, objectives and ambitions;
  • the ability of counterparties to meet their obligations to us;
  • the effects of, and changes in, fiscal, monetary, exchange rate, trade and tax policies, as well as currency fluctuations;
  • political and social developments, including war, civil unrest or terrorist activity;
  • the possibility of foreign exchange controls, expropriation, nationalization or confiscation of assets in countries in which we conduct our operations;
  • operational factors such as systems failure, human error, or the failure to implement procedures properly;
  • the risk of cyberattacks on our business or operations;
  • actions taken by regulators with respect to our business and practices and possible resulting changes to our business organization, practices and policies in countries in which we conduct our operations;
  • the effects of changes in laws, regulations or accounting or tax standards, policies or practices in countries in which we conduct our operations;
  • the potential effects of proposed changes in our legal entity structure;
  • competition or changes in our competitive position in geographic and business areas in which we conduct our operations;
  • the ability to retain and recruit qualified personnel;
  • the ability to maintain our reputation and promote our brand;
  • the ability to increase market share and control expenses;
  • technological changes;
  • the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users;
  • acquisitions, including the ability to integrate acquired businesses successfully, and divestitures, including the ability to sell non-core assets;
  • the adverse resolution of litigation, regulatory proceedings and other contingencies; and
  • other unforeseen or unexpected events and our success at managing these and the risks involved in the foregoing.

We caution you that the foregoing list of important factors is not exclusive. When evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, including the information set forth in Risk factors in I - Information on the company in our Annual Report 2017.

Disclaimer

Credit Suisse Group AG published this content on 22 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 March 2019 06:09:09 UTC

© Publicnow 2019

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Analyst Recommendations on CREDIT SUISSE GROUP AG

Financials

Sales 2021 22 458 M 24 570 M 24 570 M
Net income 2021 538 M 589 M 589 M
Net Debt 2021 - - -
P/E ratio 2021 46,3x
Yield 2021 1,72%
Capitalization 23 442 M 25 587 M 25 646 M
Capi. / Sales 2021 1,04x
Capi. / Sales 2022 1,06x
Nbr of Employees 49 240
Free-Float 90,9%
Chart CREDIT SUISSE GROUP AG

Duration : Period :

Credit

Technical analysis trends CREDIT SUISSE GROUP AG

Short TermMid-TermLong Term
TrendsBullishBearishNeutral

Income Statement Evolution

Consensus

Sell

Buy

Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 9,72 CHF
Average target price 11,12 CHF
Spread / Average Target 14,4%

EPS Revisions

Managers and Directors

Thomas Gottstein Chief Executive Officer
David Richard Mathers Chief Financial Officer
António Mota De Sousa Horta-Osorio Chairman
James Walker Chief Operating Officer
Thomas Grotzer Global Head-Compliance

Sector and Competitors

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