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Credit Suisse Group (CS) [hlAlert]

Rating:
Mkt Perform
CS
down 8.62 %

Credit Suisse Group (CS) upgraded to Mkt Perform by FBR Capital

Posted on: Thursday,  Aug 20, 2009  8:25 AM ET by FBR Capital

FBR Capital rated Mkt Perform Credit Suisse Group (NYSE: CS) on 08/20/2009. Previously FBR Capital rated Underperform Credit Suisse Group (NYSE: CS)
on 07/28/2009., when the stock price was $45.03. Since then, Credit Suisse Group has gained 9.44% as of 08/20/2009's recent price of $49.28.
If you would have followed the previous FBR Capital's recommendation on CS, you would have lost 8.62% of your investment in 23 days.

Credit Suisse Group AG (Credit Suisse) is a Switzerland-based global financial services company. The Company operates in three segments: Private Banking, Investment Banking and Asset Management. The three segments are complemented by Shared Services, which provides support in the areas of finance, operations, including human resources, legal and compliance, risk management and information technology. Private Banking offers advice and a range of wealth management solutions, including pension planning, life insurance products, tax planning and wealth and inheritance advice. Investment Banking offers investment banking and securities products and services to corporate, institutional and government clients around the world. Asset Management offers integrated investment solutions and services to institutions, governments and private clients. During the year ended December 31, 2008, Company acquired over 80% of Asset Management Finance Corporation (AMF).

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/20/2009 8:25 AM Hold
None
49.28
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -9.43 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/28/2009 8:25 AM Sell
None
45.03
7/15/2009 8:25 AM Hold
None
46.87

(*) Stock Price at the time of the recommendation.
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