UBS has reaffirmed its Buy recommendation for Banco Santander, S.A., Spain's leading banking group, which operates through three main divisions: commercial banking, investment banking, and asset management. By the end of 2023, the group is expected to manage EUR 1,047.2 billion in deposits and EUR 1,036.3 billion in loans, supported by a global network of 8,518 branches. Additionally, Santander is expanding its bancassurance business through Santander Seguros and Banesto Seguros.
09:53 05.12.2024
UBS maintains a Buy rating on BP p.l.c., a leading global oil group. The company’s sales are primarily driven by refining and distribution (76.1%), with operations including 7 refineries and nearly 21,100 service stations. Hydrocarbon exploration and production account for 23.6% of sales, producing 1,115,000 barrels of oil and 196.6 million m³ of natural gas daily. The geographical sales breakdown shows 28.8% from the United States and 71.2% from other regions.
09:53 05.12.2024
BP p.l.c. is a leading global oil group, with net sales primarily from refining and distribution (76.1%) and hydrocarbon exploration and production (23.6%). The company operates 7 refineries and 21,100 service stations, producing 1,115,000 million barrels of oil and 196.6 million m³ of natural gas daily. Geographically, 28.8% of sales come from the United States, while 71.2% are from other regions.
09:53 05.12.2024
ALSTOM is a leading global manufacturer in the rail transport sector, with sales divided into rolling stock (51.8%), rail services (24.2%), signaling and control systems (15%), and rail infrastructure (9%). Geographically, sales are distributed across France (15.4%), Europe (42.2%), the Americas (19.7%), Asia-Pacific (13.8%), and the Middle East-Africa-Central Asia (8.9%).
09:52 05.12.2024
UBS has maintained a 'Neutral' rating on Alstom with a target price of 20 euros following a management briefing in India. Analyst Andre Kukhnin highlighted the company's strong position in the Asia-Pacific region and described its growth targets as conservative. Alstom, a leading rail infrastructure manufacturer, generates significant revenue from rolling stock and railway services, with a diverse geographical sales distribution.
09:52 05.12.2024
The Cantonal Bank of Geneva (BCGE) has acquired an 11 percent stake in fintech company Finnova, securing a seat on its Board of Directors. This strategic investment aims to enhance the partnership and support the digital transformation of the Swiss financial sector, reflecting trust in Finnova's capabilities. Financial details of the transaction remain undisclosed.
09:48 05.12.2024
Brent crude oil prices fell over 2.5% ahead of the OPEC+ meeting, with potential production cuts expected due to declining demand. Meanwhile, spot silver is testing resistance levels after five days of gains, while US wheat prices bounced off three-month lows, eyeing a potential recovery.
IG
09:46 05.12.2024
Warby Parker Inc. has a market capitalization of $2.41 billion and a "Moderate Buy" rating from analysts, despite not being among the top recommended stocks. The company, which offers a range of eyewear products, saw significant insider selling recently, with CFO Steven Clive Miller and CEO Neil Harris Blumenthal reducing their stakes. Institutional investors hold 93.24% of the stock, and the average target price is set at $18.82.
09:45 05.12.2024
Atkore Inc. is projected to report earnings of $6.69 per share for the current fiscal year and has announced a quarterly dividend of $0.32, payable on December 16th. Recent insider transactions include Mark F. Lamps selling 500 shares and Jeri L. Isbell selling 3,353 shares, reflecting a decrease in their holdings. The company, which manufactures electrical and infrastructure products, has a market cap of $3.27 billion and a current "Hold" rating from analysts, with a consensus price target of $118.80.
09:45 05.12.2024
Progress Software's stock surged 15% following a strong earnings report, with EPS of $1.26 surpassing estimates. The company, which has a market cap of $2.99 billion, reported a revenue increase of 1.7% year-over-year, reaching $178.69 million. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $67.67. Insider transactions included CFO Anthony Folger selling 7,797 shares, reducing his stake by 18.76%. Zurcher Kantonalbank increased its position by 137.1%, now holding 23,685 shares valued at approximately $1.6 million.
09:45 05.12.2024
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