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efg reports strong net inflows and profit growth in 2024
EFG reported robust net inflows of 7.4 billion Swiss francs ($8.4 billion) in the first ten months of 2024, surpassing its growth target with a 6.3% annualized rate. All regions contributed to this growth, particularly Asia Pacific and Latin America, while total assets under management reached approximately 159 billion francs. Despite a decline in net profit to 260 million francs compared to 303.2 million francs in 2023, the bank"s strategic investments and client trust have driven strong performance.
ubs predicts gold will reach 2900 dollars by end of next year
UBS Group AG predicts that gold will reach $2,900 an ounce by the end of next year, following a similar forecast from Goldman Sachs. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts, before gold climbs further to $2,950 an ounce by the end of 2026.
ubs predicts gold will reach 2900 dollars by end of next year
UBS Group AG forecasts that gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" predictions for further gains as central banks increase their holdings. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts before gold climbs again, potentially hitting $2,950 an ounce by the end of 2026.
ubs predicts gold will reach 2900 dollars by end of next year
UBS Group AG forecasts that gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" predictions for further gains as central banks increase their holdings. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts before gold climbs again, potentially hitting $2,950 an ounce by the end of 2026.
ubs and goldman predict gold prices will continue to rise
UBS forecasts gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" prediction of $3,000, driven by central bank purchases and geopolitical tensions. Despite a potential consolidation phase due to a stronger dollar, ongoing strategic allocations and high macro volatility are expected to support prices. Currently, spot gold is trading near $2,630 an ounce, having risen 28% this year.
walmart shares surge after strong third quarter results and raised outlook
UBS has raised its target price for Walmart to $100, maintaining a "Buy" rating, while RBC increased its target to $96 with an "Outperform" rating. JPMorgan also upgraded Walmart to "Overweight" with a target of $97, highlighting strong sales and margin momentum following impressive third-quarter results. Walmart"s shares rose approximately 4.42% in pre-market trading after the company boosted its annual revenue growth forecast to 4.8% to 5.1%.
healthcare sector poised for increased ipo and merger activity in 2025
Investors and healthcare executives anticipate a rise in IPOs and M&A activity in 2025, with 72% expecting increased transactions in the sector. Confidence is bolstered by high investment activity, particularly in weight-loss drugs, and optimism about market performance, especially in healthcare indices. Geopolitical risks have emerged as the primary concern for investors, with North America remaining the leading transaction region.
healthcare sector poised for increased ipos and mergers in 2025
Investors and healthcare executives anticipate a rise in IPOs and M&A activity in 2025, with 72% expecting increased transactions in the sector. Confidence is bolstered by high investment activity, particularly in weight-loss drugs, and optimism about market performance, especially in healthcare indices. Geopolitical risks have emerged as the primary concern for investors, with North America remaining the leading transaction region.
healthcare sector poised for increased IPOs and mergers in 2025
Investors anticipate a surge in healthcare IPOs and M&A activity in 2025, with 64% of surveyed companies expecting more public offerings. Confidence is bolstered by significant investment trends, particularly in weight-loss drugs, and a positive outlook for market indices. Geopolitical risks have emerged as the primary concern for investors, with North America leading the transaction landscape.
ubs raises price target for heidelberg materials to 121 euros
UBS has increased its price target for Heidelberg Materials from 106 to 121 euros while maintaining a "Neutral" rating. The revision follows the cement group"s positive outlook and efficiency program, which boosted EBITDA estimates through 2027. However, analysts note that more optimistic targets are already reflected in the current share price after a recent rally.