Financial Stocks Momentum= Credit Suisse Group AG (ADR) (NYSE:CS), Ocwen Financial Corp (NYSE:OCN)
Credit Suisse Group AG (ADR) (CS) provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Administration, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. The company offers a range of advice and financial solutions, counting structured advisory; investment advice; wealth and asset administration; fixed income products and instruments; securitized products; M&A transactions; corporate sales and restructurings; divestitures; takeover defense strategies; equity and debt underwritings; equity and fixed income sales; debt and equity securities; private placements; and trading services, in addition to derivative products.
It also offers various banking services, such as lending, payment, capital goods leasing, syndications and structured finance, trade finance, ship and aviation finance, export finance and factoring, treasury, and foreign exchange services, in addition to fund solutions and fund-linked services.
In addition, the company provides global securities sales, trading and execution, prime brokerage, and investment research services; and investment solutions and services to pension funds, foundations and endowments, and individuals. It operates 447 offices and branches. The company offers its products and services to private, corporate, institutional, high-net-worth and ultra-high-net-worth individuals, small and medium-sized enterprises, governments, and institutional shareholders, in addition to affluent and retail clients. Credit Suisse Group AG was founded in 1856 and is based in Zurich, Switzerland.
Ocwen Financial Corp (OCN) a financial services holding company, engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset administration services to owners of mortgage loans and foreclosed real estate. This segment residential servicing portfolio includes conventional, government insured, and non-agency loans.
The company Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans mainly through its correspondent lending arrangements, broker relationships, and directly with mortgage customers. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.