$52.70
0.20 (+0.38%)
Credit Suisse Group (ADR) (CS)
CAPS Rating:
The Company is a financial services provider, which serves its clients through three divisions, Investment Banking, Private Banking and Asset Management.
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Yes, CS operates in a lovely, stable country and its name sounds elegant ... but that won't do it any good in trying to find vital credit sources to keep it operating despite a balance sheet that induces investment panic. In order to stay afloat, it will probably need to sell off some of its best operations -- and what will remain might not keep it breathing. At best, expect more of the slashed earnings expectations and a long and scary road ahead before this one sees any return to economic soundness.
Unless you don't call the Swiss government a worthy creditor this financial institution has more available options than all the others that have already accepted government money. In fact, this may be the only large financial institution I know of that hasn't yet had the need to accept government money, so from that perspective I would expect the road this company is traveling down is actually much less scary because they haven't even used their last line of defense yet. That also leaves them more flexible than their competitors if somehow this dismal market acutally does turn around. Also, since this bank avoided the US real estate lending market unlike its crosstown rival, I can't imagine their balance sheet inducing any more investment panic than some other now government backed entities.