CREDIT SUISSE's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. Alternatively, perfect negative correlation means that if Credit Suisse Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. Additionally, the company's dividend payout ratio is 0.31. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. In the following table we provide you with an overview of our most recent quarterly results and statistics. According to Credit Suisse's latest financial reports and stock price the company's current price-to Here are some other financial highlights for the third quarter: Vitaline Yeterian, senior vice president for global financial institutions at DBRS Morningstar, said the scale of the third-quarter loss was indicative of the stress Credit Suisse had suffered in its core business. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Unlike more traditional methods such as. Credit Suisse estimates. WebKey metrics tables Overview of quarterly and yearly results. Current and historical debt to equity ratio values for Credit Suisse Group (CS) over the last 10 years. Unlike more traditional methods such as. Current Ratio explanation, calculation, historical data and more Credit Suisse has been plagued over the past year by sluggish investment banking revenues, losses from the withdrawal of its business in Russia and litigation costs relating to a host of legacy compliance and risk management failures, most notably the Archegos hedge fund scandal. Improving real incomes, healthy balance sheets and still-supportive fiscal View and export this data going back to 1989. Credit Suisse runs a global wealth management business, a global investment bank and is one of the two dominant Swiss retail and commercial banks. The Macroaxis Fundamental Analysis modules help investors analyze Credit Suisse Group's financials across various querterly and yearly statements, indicators and fundamental ratios. If the correlation is 0, the equities are not correlated; they are entirely random. Fintel reports that on May 24, 2023, Credit Suisse maintained coverage of At the current share price of $45.52 / share, the stock's dividend yield is 2.90%. Get this delivered to your inbox, and more info about our products and services. And the median was 0.27. Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future. The capital increase will clearly provide some room to execute CS's plan, although it is not fully secured.". Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios. Average Interest Earning Assets (USD Mil), Capital Adequacy Tier - Total Capital Ratio %, Float Percentage Of Total Shares Outstanding, EPS Growth Rate (Future 3Y To 5Y Estimate), Total Revenue Growth Rate (Future 3Y To 5Y Est), Net Income Including Noncontrolling Interests, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Click here to check it out. WebCredit Suisse Current Ratio is currently at 5.10 X. The reason for the decision to drop the plan was UBS, which is acquiring Credit Suisse as part of a government-orchestrated rescue of its Swiss rival, already If you don't do this, your portfolio allocation will be skewed against your target asset allocation. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. 360? If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. In accordance with the recently published financial statements, Credit Suisse Group has a Current Ratio of 9.43 times. The aim is to reduce risk-weighted assets and leverage exposure by 40% each over the course of the restructure, while the bank also set out to allocate "almost 80% of capital to Wealth Management, Swiss Bank, Asset Management and Markets by 2025. A Division of NBCUniversal. In Switzerland, the government forced a takeover of ailing Credit Suisse by UBS, rather than closing it down using resolution tools regulators introduced after the 2008 global financial crisis. We help investors to determine the real value of Credit Suisse using virtually all public information available. LONDON (Reuters) How rules are applied to banks and the calculation of their liquidity buffers should be reviewed following recent turmoil in the banking sector, Klaas Knot, chair of the G20s Financial Stability Board said on Thursday. By Syndicated Content Jun 1, 2023 | 4:27 AM By Huw Jones LONDON (Reuters) How rules are applied to banks and the calculation of their liquidity buffers should be reviewed following recent turmoil in the banking sector, Klaas Knot, chair of the G20s Financial Stability Board said on Thursday. Credit Suisse said in April that the banks employee attrition has been higher over the last year, and that it had just over 48,000 full-time employees at the end of the It helps to project a fair market value of Credit Stock properly, considering its historical. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. Please check your download folder. Past performance is a poor indicator of future performance. Regulators should reconsider which type of banks are deemed to be systemically important and therefore come under global Basel III capital standards, Knot said. The current dividend yield is 0.92 standard deviations below the historical average. Sumitomo Mitsui Financial Group Inc (SMFG), Banco Bilbao Viscaya Argentaria S.A (BBVA), Grupo Financiero Santander Mexico S.A B De C.V (BSMX), Banco Latinoamericano De Comercio Exterior, S.A (BLX), Credit Suisse Group Debt to Equity Ratio 2010-2023 | CS. Or is there an opportunity to expand the business' product line in the future? CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. This is 132.84% higher than that of the Capital Markets sector and significantly higher than that of the. Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future. Supervision on our side has clearly stood up better than on the other side of the Atlantic.. Figure 54: Gross debt to GDP ratio % of GDP. The lowest was 0. Understanding the fundamental principles of building solid financial models for Credit Suisse is extremely important. Current Ratio is calculated by dividing the Current Assets of Credit Suisse by its Current Liabilities. WebCredit Suisse Current Ratio is currently at 0.00 X. It measures whether or not The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. First quarter 2023 financial results On April 24, 2023, Credit Suisse Group published its first quarter 2023 financial results. The figure is also well below the 434 million Swiss franc profit posted for the same quarter last year. Factors like these will boost, Please note, there is a significant difference between Credit Suisse's value and its price as these two are different measures arrived at by different means. Access 4000+ stock metrics covering valuations, financials, risk, returns and more. WebThe all-time high Credit Suisse Group stock closing price was 56.34 on April 25, 2007. The ratio is regarded as a test of liquidity for a company. The forecasts range from a low of 145.44 to a high of $181.65. For more information regarding to dividend, please check our Dividend Page. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. You can manage your stock email alerts here. In the following table we provide you with an overview of our most recent quarterly results and statistics. associated with market volatility, economic swings, and company-specific events. "The main drivers were much lower commissions and fees due to lower client activity, as well as lower trading revenues due to a drop in capital markets revenues. The entire capital raising will raise Credit Suisse's CET1 capital ratio by roughly 140 basis points, it said, to around 14% from 12.6% at the end of the third quarter. The bank expects to incur restructuring charges of 2.9 billion Swiss francs by the end of 2024. Stock quotes provided by InterActive Data. According to Credit Suisse's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.319301. The correlation of Credit Suisse is a statistical measure of how it moves in relation to other equities. It was also time to reconsider the liquidity coverage ratio, a buffer of cash and other liquid instruments banks are required to hold to cope with short term funding squeezes, Knot said. Please check your download folder. Current and historical debt to equity ratio values for Credit Suisse Group (CS) over the last 10 years. The Credit Suisse Group 52-week high stock price is 7.35, which is 725.8% above the current Sign up for free newsletters and get more CNBC delivered to your inbox. Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CREDIT SUISSE moves, either up or down, the other security will move in the same direction. Got a confidential news tip? Macroaxis investment ideas are predefined, sector-focused investing themes, Is Credit Suisse's industry expected to grow? If the correlation is 0, the equities are not correlated; they are entirely random. We're aiming for 'radical restructuring' of investment bank: Credit Suisse CEO, took the helm in July following the resignation of predecessor Thomas Gottstein. Meanwhile total net interest income was also down YOY (in Q3 and over 9M). We now expect Eurozone real GDP to grow by 0.6% in 2023 and 1.0% in 2024., In our view, the risk of a full-scale banking crisis is limited, but financial stress will likely accelerate the tightening in credit standards and slowdown in loan growth that was already under way. View the latest Credit Suisse In Switzerland, the government forced a takeover of ailing Credit Suisse by UBS, rather than closing it down using resolution tools regulators introduced after the 2008 global financial crisis. WebThe Dividend Yield % of Credit Suisse Group AG(CS) is 6.44% (As of Today), Highest Dividend Payout Ratio of Credit Suisse Group AG(CS) was 0.69. Market Cap $3B Today's Change (1.74%) $0.01 Current Price $0.87 Price as of May 26, 2023, 4:00 p.m. Please enter Portfolio Name for new portfolio. Additionally, the company's dividend payout ratio is 0.18. 360? Credit Suisse shares plunged 18% on Thursday after the Swiss bank posted a quarterly loss that was significantly worse than analyst estimates, and announced a massive strategic overhaul. Historical performance indications and financial market scenarios are not reliable indicators of current or future performance. Interest rates in Switzerland Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. CET1 capital ratio, a measure of bank solvency, was 12.6%, compared to 14.4% at the same time last year and 13.5% in the previous quarter. LONDON (Reuters) How rules are applied to banks and the calculation of their liquidity buffers should be reviewed following recent turmoil in the banking sector, Klaas Knot, chair of the G20s Financial Stability Board said on Thursday. Credit Suisse analyst Joo Ho Kim maintained a Hold rating on Canadian Western Bank a 17.50% upside from current levels. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Fundamental company data provided by Morningstar, updated daily. WebKey metrics tables Overview of quarterly and yearly results. So, investors can't just sell and buy back Credit Suisse - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Credit Suisse Group to buy it. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. 2004-2023 GuruFocus.com, LLC. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Source: Bloomberg, Credit Suisse But what happened to credit as the economy moved closer to recessionary conditions in the aftermath of a tightening cycle? Source: Bloomberg, Credit Suisse But what happened to credit as the economy moved closer to recessionary conditions in the aftermath of a tightening cycle? CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. We started actually with the client needs and we designed everything around the client needs and ended up with what we are proposing today. Source: Bloomberg, Credit Suisse Return on tangible equity was -38.3%, down from -15% in the second quarter and 4.5% in the third quarter of 2021. It measures whether or not Regulators should reconsider which type of banks are deemed to be systemically important and therefore come under global Basel III capital standards, Knot said. Our strategic, If you have won a prize from us we will be mailing it to you or will contact you with specific information needed to redeem your prize. The fallout from the collapse of Silicon Valley Bank, a U.S. bank that U.S. regulators did not deem to be systemic and therefore required to comply with more onerous liquidity rules, was felt in Europe. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. By Syndicated Content Jun 1, 2023 | 5:27 AM By Huw Jones LONDON (Reuters) How rules are applied to banks and the calculation of their liquidity buffers should be reviewed following recent turmoil in the banking sector, Klaas Knot, chair of the G20s Financial Stability Board said on Thursday. The improvement in South Africas fiscal position and a credible monetary policy should benefit the economy. We derive many important indicators used in calculating different scores of Credit Suisse from analyzing Credit Suisse's financial statements. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Sorry. Credit Suisse reports pre-tax income of CHF 12.8 bn with a CET1 ratio of 20.3% in 1Q23; results reflect write-down of CHF 15 bn AT1 capital notes Documents Media release 1Q23 (PDF | English | German | French) Please check your download folder. CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Get the tools used by (smart) 2 investors. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Knot, who also heads the Dutch central bank, said the FSB has begun evaluating how the U.S. and Swiss authorities responded to these events. The latest closing stock price for Credit Suisse Group as of June 01, 2023 is. Otherwise, we render a sell signal. "We clearly see execution risks for the restructuring in particular considering the challenging economic and geopolitical backdrops," she added. GuruFocus does not calculate Current Ratio for banks and insurance companies. The ratio is regarded as a test of liquidity for a company. Knot, who also heads the Dutch central bank, said the FSB has begun evaluating how the U.S. and Swiss authorities responded to these events. This feature is only available for Premium Members, please sign up for. Start My Free Trial Most of Credit Suisse's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. Feel free to call us with questions during weekday business hours at (616) 392-3121. Fintel reports that on May 24, 2023, Credit Suisse maintained coverage of At the current share price of $45.52 / share, the stock's dividend yield is 2.90%. Historical performance indications and financial market scenarios are not reliable indicators of current or future performance. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation. On the macro front, as a broad gauge, a complete recovery of cross-border travel would imply a widening of the monthly current account service trade deficit by around USD 1012 bn. Gurus may be added or dropped from the GuruFocus site at any time. Please check your download folder. Group revenue hit 3.804 billion Swiss francs, down from 5.437 billion Swiss francs for the same period last year. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. USD | Credit Suisse Group AG (CS) 0.8656 0.00 (0.00%) USD | NYSE | May 09, We want to hear from you. ", Under pressure from investors, the bank revealed a major overhaul of its business in a bid to address underperformance in its investment bank and following a raft of litigation costs that have hammered earnings. Asset allocation divides CREDIT SUISSE's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. CS has been successfully added to your Stock Email Alerts list. Because they specialize in gaining a deep understanding of their clients' financial needs, they know that no one's needs are two-dimensional. When running CREDIT SUISSE's price analysis, check to, Screen CEOs from public companies around the world, Check your current holdings and cash postion to detemine if your portfolio needs rebalancing, Use alpha and beta coefficients to find investment opportunities after accounting for the risk, Reduce portfolio risk simply by holding instruments which are not perfectly correlated, Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals, Find actively traded corporate debentures issued by US companies, Compare the composition, asset allocations and performance of any two portfolios in your account, Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk This metric measures how well a company is able to pay short-term liabilties that are on its balance sheet. Credit Suisse Group Current Ratio Historical Data; Date Current Assets Current Liabilities Current Ratio; 2023-03-31: $526.78B: $340.67B: 1.55: 2022-12-31: $493.74B: $310.36B: 1.59: 2022-09-30: $662.98B: $472.09B: 1.40: 2022-06-30: $689.92B: The transformation plan will see Credit Suisse split off its investment bank into an independent business called CS First Boston, raise 4 billion Swiss franc in capital through the issuance of new shares and a rights offering, and create a capital release unit to wind down lower-return, non-strategic businesses. Source: CS has been removed from your Stock Email Alerts list. "Number one, a radical restructure of the investment bank; number two, a significant reduction of costs; and number three, a further strengthening of our capital base, and I think with that, we have all the necessary ingredients to go where we want to go," he added. We use both quantitative as well as qualitative analysis to arrive at, Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Historical performance indications and financial market scenarios are not reliable indicators of current or future performance. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Figure 4: EUR HY vs. IG spread ratio. The bank noted that the loss reflected a 3.655 billion Swiss franc impairment relating to the "reassessment of deferred tax assets as a result of the comprehensive strategic review. Drill down to check world indexes, Get historical volatility and risk analysis based on latest market data, Track or share privately all of your investments from the convenience of any device, Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals, Find insiders across different sectors to evaluate their impact on performance, Reduce portfolio risk simply by holding instruments which are not perfectly correlated, Analyze current equity momentum using Aroon Oscillator and other momentum ratios, View history of all your transactions and understand their impact on performance, Analyze constituents of all Macroaxis ideas. View daily, weekly or monthly format back to when Credit Suisse Group AG stock was issued. View the latest Credit Suisse Group AG (CSGN) stock price, news, historical charts, analyst ratings and financial information from WSJ. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. The figure now stands at a respectable 14.1%, up from 12.6% at the end of September. The embattled lender posted a third-quarter net loss of 4.034 billion Swiss francs ($4.09 billion), compared with analyst expectations for a loss of 567.93 million Swiss francs. Only PremiumPlus Member can access this feature. The ability to find closely correlated positions to CREDIT SUISSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CREDIT SUISSE when you sell it. Its not a European issue, but it is an issue in other parts of the world. Knot told an event held by the European Banking Federation. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1). This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. (Reporting by Huw Jones; editing by Jason Neely and Sharon Singleton). WebGet the latest Credit Suisse Group AG (CSGN) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and Because they specialize in gaining a deep understanding of their clients' financial needs, they know that no one's needs are two-dimensional. Apr 03, 2023 5 minute read We now expect real GDP to grow by 0.6% in 2023 and 1.0% in 2024 (vs. our previous expectations of 0.5% and 1.4%, respectively). 360? Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. If the real value is higher than the market price, Credit Suisse Group is considered to be undervalued, and we provide a buy recommendation. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. Its not a European issue, but it is an issue in other parts of the world. Knot told an event held by the European Banking Federation. ", The bank also saw an outflow of deposits and assets under management, which it attributed in part to reputational harm resulting from the Archegos and Greensill Capital sagas, along with a spike in withdrawals earlier this month following what the bank called "negative press and social media coverage based on incorrect rumors. Credit Suisse has been plagued by sluggish investment banking revenues, losses relating to its business in Russia and litigation costs following a host of legacy compliance and risk management failures, most notably theArchegos hedge fund scandal. WebCredit Suisse's latest twelve months current ratio is 9.4x View Credit Suisse Group AG's Current Ratio trends, charts, and more. A All Rights Reserved. "The CET1 ratio was 12.6% at end-Q3 2022, down 90 bps vs end-June 2022. View, measure Credit Suisse's market volatility, predict the probability of Credit Suisse's future price movements. CBWBF market cap is currently C$2.29B and has a P/E ratio of 6.78. Credit Suisse's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. When running Credit Suisse's price analysis, check to, Analyze risk-adjusted returns against different time horizons to find asset-allocation targets, Search for actively traded equities including funds and ETFs from over 30 global markets, Get a quick overview of global market snapshot using zoomable world map. WebP/E ratio for Credit Suisse (CS) P/E ratio as of June 2023 (TTM): -0.3181. Credit Suisse Group debt/equity for the three months ending March 31, 2023 was. In Switzerland, the government forced a takeover of ailing Credit Suisse by UBS, rather than closing it down using resolution tools regulators introduced after the 2008 global financial crisis. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. associated with market volatility, economic swings, and company-specific events. CET1 capital ratio, a measure of bank solvency, was 12.6%, compared to 14.4% at the same time last year and 13.5% in the previous quarter. Last data point: 13/04/2023. (Reporting by Huw Jones; editing by Jason Neely and Sharon Singleton). Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The market currently expects 25 basis point rise from the current 1.5% level when the central bank makes its next assessment in June. The correlation of CREDIT SUISSE is a statistical measure of how it moves in relation to other equities. Because they specialize in gaining a deep understanding of their clients' financial needs, they know that no one's needs are two-dimensional. We systematically As of the end of 2022, Credit Suisse had a CET1 ratio of 14.1% and an average liquidity coverage ratio 1 (LCR) of 144%, which has since improved to approximately 150% (as of March 14, 2023).
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