Raiffeisen is looking to acquire Baywa's stake in Austria's warehouses amid the latter's ongoing crisis. However, the purchase is expected to face significant challenges, complicating the potential takeover.
Raiffeisen Bank International (RBI) has shown strong stock performance, reaching a 6-month high of EUR 20.62 on December 12, 2024, before slightly correcting to EUR 20.26. The bank's annual performance increased by 27.75%, and it announced a new dividend strategy aiming for a payout ratio of 20-50% of consolidated profit, with a dividend of EUR 1.25 per share already distributed this year. Investors are urged to consider their positions as new analyses suggest urgent action may be needed.
UBS shares fell 0.6% to CHF 28.45 in trading, making it one of the SMI's losers. The stock is currently 26.28% above its 52-week low of CHF 22.53 and has a 3.94% upside potential from its 52-week high of CHF 29.57. Shareholders received a dividend of CHF 0.640 in 2023, with an expected increase to USD 0.819 this year.
Credit Suisse faced a dramatic decline, culminating in a CHF 7.3 billion loss for 2022, its largest since the financial crisis. Following failed rescue attempts and significant cash outflows, UBS acquired Credit Suisse for CHF 3 billion in shares, with the Swiss National Bank providing CHF 200 billion in liquidity assistance. The bank's 167-year history ended on June 12, 2023, with its shares trading at just 81.7 centimes, over a hundred times less than pre-crisis values.
Savers are facing further reductions in interest rates as the Swiss National Bank (SNB) has lowered its key interest rate by 0.5 percentage points to 0.5 percent. This decision, made by new President Martin Schlegel, is expected to prompt banks like Yuh and Zuger Kantonalbank to cut their savings interest rates significantly. Experts predict that savers will receive even less on their account assets in the near future.
UBS has maintained a "Neutral" rating on HSBC Holdings with a target price of 710 pence. Analyst Jason Napier noted that HSBC is contemplating divesting its private client business outside Hong Kong and the UK, aiming to concentrate on affluent clients in other markets, given the minimal earnings from regions like Mexico, Malaysia, and Indonesia.
UBS has upgraded Centene (NYSE:CNC) to a "buy" rating from "neutral," citing the stock as "too cheap to ignore" despite concerns over potential cutbacks in healthcare exchange subsidies. The investment bank noted that Centene has provided a clear and conservative outlook.
HSBC Holdings plc, a leading global banking group, generates revenues primarily from retail banking and wealth management (41.2%), commercial banking (34.5%), and investment banking (24.3%). By the end of 2023, the group managed USD 1,611.6 billion in deposits and USD 938.5 billion in loans. UBS maintains a neutral opinion on the bank.
Liechtensteinische Landesbank (LLB) shares closed at EUR 74.75, reflecting a slight daily decline of 0.33%, but a year-on-year increase of 10.74%. With a market capitalization of EUR 2.3 billion and a forecast P/E ratio of 12.58 for 2024, shareholders are urged to consider their next moves following a recent analysis indicating a need for action.
Allegiant Travel Company focuses on providing travel and leisure services to underserved U.S. cities, operating in two segments: Airline and Sunseeker Resort. The Airline segment encompasses scheduled air transportation and related services, while the Sunseeker Resort offers accommodations, dining, and recreational facilities.
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