The major US banks reported stronger-than-expected earnings for the third quarter, driven by a robust recovery in the mergers and acquisitions (M&A) sector, which bolstered investment banking growth. Morgan Stanley and Goldman Sachs led the profit increases, signaling positive trends for the financial sector.
15:45 16.10.2024
EFG Bank has appointed Dr. Urs Buchmann as vice chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board, enhancing its strategic focus in the Asia Pacific and Global South Asia markets. Buchmann, with over 30 years of experience in Greater China, previously held a senior role at Credit Suisse, while Gumashta brings extensive expertise from the Indian market, having served as managing director at Motilal Oswal and CEO of Julius Baer, India. Their appointments are expected to significantly contribute to EFG's growth strategy in the region.
15:25 16.10.2024
UBS has lowered its price target for Rio Tinto plc from 5300 to 5250 pence, maintaining a "Neutral" rating. Analyst Myles Allsop noted that while the company is on track in iron ore and aluminum, its copper division is underperforming.
15:25 16.10.2024
UBS has indicated limited upside potential for Apple iPhone sales in Q3 and Q4, citing modest demand compared to last year. Their analysis shows reduced wait times for the iPhone 16 Pro in the U.S. and China, forecasting a 4% increase in units for September and a 1% increase for December. UBS maintains a Neutral rating and a $236 price target on Apple shares.
14:46 16.10.2024
EFG Bank has strengthened its Asia advisory board by recruiting two prominent figures: Urs Buchmann, former vice chairman at Credit Suisse in Hong Kong, and Ashish Gumashta, who previously held leadership roles at Motilal Oswal and Julius Baer India. Their expertise is expected to drive EFG's growth in the region.
14:41 16.10.2024
UBS has maintained a "Neutral" rating for Apple, setting a target price of $236. Analyst David Vogt noted moderate demand for iPhones, with longer waiting times for higher-priced models, while basic versions are readily available.
14:37 16.10.2024
Shein is preparing for a potential £50 billion IPO on the London Stock Exchange, with Barclays and UBS as advisors. However, the company faces challenges, including regulatory approvals in China and the UK, and scrutiny over its supply chain ethics. British Prime Minister Keir Starmer emphasized that all companies seeking to list in London will undergo labor rights checks.
14:36 16.10.2024
Company insiders hold 1.30% of Veracyte's stock, while institutional investors have increased their stakes significantly, with Point72 Asset Management acquiring a new position worth $12.3 million. Analysts have given Veracyte a "Moderate Buy" rating, with a consensus price target of $34.80, despite mixed ratings from various firms. Recently, the company reported a quarterly EPS of $0.07, exceeding estimates, and a revenue increase of 26.7% year-over-year.
14:35 16.10.2024
UBS has maintained a "Neutral" rating for Apple, setting a target price of $236. Analyst David Vogt noted moderate demand for iPhones, with longer wait times for higher-priced models, while base models remain readily available.
14:35 16.10.2024
UBS has maintained a "Neutral" rating for Apple, setting a target price of $236. Analyst David Vogt noted moderate demand for iPhones, with longer wait times for higher-priced models, while basic versions remain readily available. Apple has seen significant growth, gaining 11,528% since its first recommendation.
14:34 16.10.2024
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings