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banks remain vulnerable to runs according to regulators

Regulators have identified a group of banks that remain vulnerable to runs, highlighting ongoing concerns about financial stability. This situation underscores the need for enhanced oversight and risk management within the banking sector to prevent potential crises.
fnlondon.com
Financial News Ltd.(the)
TradFi, Market Report
12:13 24.10.2024

IndusInd Bank reports 40 percent drop in Q2 net profit to 1331 crore

IndusInd Bank's Q2 FY25 net profit plummeted 40% year-on-year to Rs 1,331 crore, significantly missing analyst expectations due to a near doubling of loan loss provisions and rising operating expenses. The bank's net interest income grew 5% to Rs 5,347 crore, below forecasts, while net interest margin declined to 4.08%. Provisions and contingencies surged to Rs 1,820 crore, up 87% from the previous year.
Moneycontrol
Indian Rupee IndusInd Bank Limited IND
Finance & Economy, Market Report
12:11 24.10.2024

UPS exceeds profit expectations and raises operating margin forecast for 2023

United Parcel Service (UPS) exceeded quarterly profit expectations and raised its full-year adjusted operating margin forecast after divesting its Coyote Logistics business. The company reported a 6.5% increase in average daily volumes in the U.S. for the third quarter, with an adjusted profit per share of $1.76, surpassing analysts' estimates. UPS anticipates profitability from its newly acquired USPS air cargo contract in its first year.
CNBC
United States Dollar FedEx Corporation United Parcel Service, Inc. USA Lindsey Nicholson Shein Temu
Finance & Economy, Market Report
12:10 24.10.2024

centromarca industries drive italian economic growth and job creation in 2023

Centromarca member industries significantly bolster the Italian economy, generating €87.2 billion and creating approximately 1 million jobs in 2023, which accounts for 4.2% of the GDP. Their contributions extend beyond production, enhancing the labor market and fiscal revenues, with a notable impact along the supply chain. The sector's resilience was particularly evident during the 2020 lockdown, ensuring the availability of goods and supporting national economic stability.
Tendenzediviaggio
Euro Centromarca ALTRO ENTE ITA Giulia Pastorella Marco Osnato Antonio Misiani Alessandro Morelli Alessandro Cattaneo Show more
Finance & Economy, Market Report
12:09 24.10.2024

UPS reports profit growth driven by increased volume and pricing strategies

United Parcel Service Inc. reported a return to sales and profit growth for the first time in nearly two years, driven by a 6.5% increase in average daily US volume and pricing growth. The company also benefited from more profitable packages and stable labor costs, alongside additional USPS air cargo volume.
bloomberg.com
United States Dollar United Parcel Service, Inc. USA
Finance & Economy, Market Report
12:07 24.10.2024

blackstone and ubs launch private equity fund for wealthy investors

Blackstone has teamed up with UBS to distribute its private equity fund, the Blackstone Private Equity Strategies Fund Sicav (BXPE), aimed at wealthy investors. Launched earlier this year, the fund requires a minimum investment of $25,000 and had a net asset value of $649 million as of August. BXPE focuses on buyout, growth, secondaries, and opportunistic deals.
Switzerland
Swiss Franc UBS Group AG Blackstone Group - Horn Lake LLC USA
TradFi, Market Report
12:06 24.10.2024

investors rush to gold as interest rate cuts drive prices higher

Investors are in a frenzy over gold prices, driven by hopes of interest rate cuts from the US Federal Reserve and the European Central Bank. With a 93% probability of a 25 basis point cut at the Fed's upcoming meeting, attention is also on US economic data that could push gold towards the $3,000 mark. ECB President Christine Lagarde remains optimistic about achieving price stability, despite recent rate cuts.
IG
United States Dollar Euro S&P Global Inc. Reuters USA Christine Lagarde
TradFi, Market Report
12:05 24.10.2024

ubs maintains sell rating on beiersdorf shares with target price of 111 euros

UBS AG has maintained a "Sell" rating for Beiersdorf shares, setting a target price of 111 euros after the company reported quarterly figures that fell short of expectations. Despite a 3.4% rise in share price to EUR 131.40, there remains a downside potential of 15.53%. The consumer goods group remains optimistic about its annual outlook, with key Q4 2024 figures expected on February 26, 2025.
finanzen.at
Euro UBS AG Beiersdorf Aktiengesellschaft DEU Guillaume Delmas
TradFi, Market Report
12:04 24.10.2024

ubs maintains sell rating on beiersdorf shares despite confident outlook

UBS AG has maintained a "Sell" rating for Beiersdorf, setting a target price of 111 euros after the company's quarterly figures fell short of expectations. Despite this, Beiersdorf's outlook remains optimistic, with shares rising 3.4% to EUR 131.40, indicating a potential downside risk of 15.53% relative to the target. The stock has seen a 2.4% decline since the start of 2024, with Q4 2024 financial results expected on February 26, 2025.
finanzen.ch
Euro UBS AG Beiersdorf Aktiengesellschaft DEU CHE Guillaume Delmas
TradFi, Market Report
12:04 24.10.2024

ubs maintains sell rating on beiersdorf shares with price target of 111 euros

UBS AG has maintained a "Sell" rating on Beiersdorf shares, setting a price target of 111 euros after the company's quarterly figures fell short of expectations. Despite this, the consumer goods group remains optimistic about its annual outlook. Following the analysis, Beiersdorf shares rose 3.4% to EUR 131.40, indicating a potential decline of 15.53% relative to the target price.
finanzen.net
Euro UBS AG Beiersdorf Aktiengesellschaft DEU Guillaume Delmas
TradFi, Market Report
12:04 24.10.2024
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