Broker recommendations for Credit Suisse Group AG
The Credit Suisse Group AG stock is rated at 1.7 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Wednesday 12 August, 2020 by a total of 20 brokers. This means that the consensus of the 20 different brokers is leaning toward to moderate buy/hold.
1 (5%) Underweight
1 (5%) Hold
10 (50%) Overweight
1 (5%) Buy
Price target by analysts
The 18 latest analyst estimates, per Wednesday 12 August, 2020, show the following high, low and average price targets.
Target Average: 12.65 USD
Target High: 17 USD
Target Low: 9.32 USD
DGAZF Disaster Strikes As Dying ETN Blows Out Past Real Net Asset Value
Thursday, 13 August 2020, 16:08:17
Another disaster in the world of exchange-traded notes occurred Wednesday when the VelocityShares 3x Inverse Natural Gas ETN (OTC: DGAZF ) entered the day with a net asset value of $121 from Tuesday only to trade as high as $25,000. What Happened : No, that $25,000 isn’t a misprint and, no, that’s not supposed to happen with exchange-traded products. First, some quick backstory on DGAZF arrived at this wild place. Back in June, Credit Suisse (NYSE: CS ), the issuing bank behind the VelocityShares ETNs, announced it was delisting nine of those products from the Nasdaq and New York Stock Exchange. The old DGAZ being part of that group was largely overlooked because some gold and silver products were included on the list and those are among this year’s best-performing commodities. The usual methodology of delisting is to close an ETF or ETN, but Credit Suisse moved the nine inverse and … Full story available on Benzinga.com
Wednesday, 12 August 2020, 23:00:00
NEW YORK, Aug. 12, 2020 /PRNewswire/ — Credit Suisse AG (“Credit Suisse”) announced today that it will accelerate at its option its VelocityShares™ 3x Inverse Natural Gas ETNs (the “ETNs”), which were previously delisted from the NYSE Arca. The ETNs were originally listed on the NYSE…
— PR Newswire
DWS Replaces Swiss Boss
Wednesday, 12 August 2020, 14:28:33
An ex-Credit Suisse asset manager who just joined DWS’ Swiss unit is taking over as country head, effective immediately.
Goldman, Morgan Stanley, Deutsche Hit With The Fed’s Highest Capital Requirements
Monday, 10 August 2020, 17:38:06
Goldman, Morgan Stanley, Deutsche Hit With The Fed’s Highest Capital Requirements Tyler Durden Mon, 08/10/2020 – 11:38 Following its stress tests earlier this year, this morning the Fed announced individual large bank capital requirements which will become effective on October 1. Somewhat counterintuitively the Fed unveiled that banks without major net interest income – such as Goldman and Morgan Stanley (as well as the usual foreign suspects such as Deutsche Bank and Credit Suisse) – would face the stiffest capital demands even though it emerged in recent quarters that balance sheet and loan exposure is in fact the biggest risk the US banking system currently faces. As shown in the table below, the capital levels determined by the Fed’s most recent stress-test process, give Goldman Sachs the highest CET1 Capital Requirement target among domestic banks, with an overall capital minimum at 13.7% of risk-weighted assets, while Morgan Stanley is second with a target of 13.4%; JPMorgan Chase, the largest U.S. bank, will need to maintain 11.3% under the standards taking effect Oct. 1.
— Zero Hedge
Francesco de Ferrari Faces New AMP Scandal
Monday, 10 August 2020, 10:35:42
Credit Suisse’s former top private banker in Asia is confronting tawdry personal issues as CEO of Australia’s AMP. A «devastating» scandal cost him a long-standing close ally.