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Strength Seen in Credit Suisse (CS): Stock Jumps 8.9%

Credit Suisse Group AGCS was a big mover last session, as the company saw its shares rise almost 9% on the day. The upside came after the company's biggest stockholder, Norway's sovereign-wealth fund, purchased more shares. This reverses the recent downtrend for the company as the stock is now down more than 28% in the past one-month time frame.

In the last 30 days, the company has seen one downward estimate revision and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Credit Suisse Group AG currently carries a Zacks Rank #5 (Strong Sell).

A better-ranked Foreign-Banks stock is Erste Group Bank AG EBKDY , which holds a Zacks Rank #2 (Buy).

Is CS going up? Or down? Predict to see what others think: Up or Down

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CREDIT SUISSE (CS): Free Stock Analysis Report

ERSTE GROUP BNK (EBKDY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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