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Credit Suisse Group AG ADR CS Stock Quote

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NYSE: CS

Morningstar‘s Stock Analysis CS

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Credit Suisse Issues Profit Warning Amid Continued Large Client Withdrawals; FVE Cut to CHF 4.50

Johann Scholtz Equity Analyst

Analyst Note

| Johann Scholtz |

In a Nov. 23 profit warning, Credit Suisse said it expects to book a CHF 1.5 billion pretax loss for fourth-quarter 2022. This implies a 2022 pretax loss of CHF 1.8 billion, somewhat ahead of our initial estimate of CHF 1.6 billion. The indication from Credit Suisse that it suffered from unprecedentedly high levels of client asset outflows during October and November is concerning. Clients withdrew 10% of assets under management in its wealth management business. The withdrawals primarily occurred during the first two weeks of October when negative headlines engulfed Credit Suisse. Since then, outflows have slowed, but haven't reversed. We cut our fair value estimate to CHF 4.50/share from CHF 5.00/share previously, as we now expect greater losses for fiscal 2022 and 2023 than before.

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Key Statistics CS

Company Profile CS

Business Description

Credit Suisse runs a global wealth management business, a global investment bank and is one of the two dominant Swiss retail and commercial banks. Geographically its business is tilted toward Europe and the Asia-Pacific.

Contact
Paradeplatz 8
Zurich, 8001, CHE
Industry Banks - Diversified
Employees 51,680

Related Articles CS

FAQs for Credit Suisse Group AG ADR Stock

Yes. CS has a forward dividend yield of 3.18%. See CS’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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CS’s market cap is 9.74 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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CS’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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CS’s price/sales is 0.55.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

CS’s price/forward earnings is 9.60.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

CS’s price/book is 0.21.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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CS’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare CS’s historical performance against its industry peers and the overall market.