In Q3 2024, major U.S. banks reported strong earnings, driven by increased corporate activity and trading performance. Goldman Sachs saw a 20% rise in investment banking fees, while Bank of America achieved record trading revenue, and Citigroup reported its best trading performance in over a decade. Wells Fargo also exceeded earnings expectations, highlighting a robust quarter for the banking sector.
14:00 16.10.2024
The Walloon government has unveiled its initial budget for 2025, targeting €268 million in savings to support new policies while aiming to halve the deficit by 2029. Key measures include continued funding for healthcare, support for vulnerable populations, and a focus on economic recovery without new taxes. The budget also emphasizes efficiency in public finances and the preservation of essential services.
Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music support, with net sales primarily from telephone products (52.1%), peripheral devices (10.5%), and computers (10.2%). Geographically, sales are led by the Americas (42.4%), followed by Europe/India/Middle East/Africa (24.7%) and China/Hong Kong/Taiwan (18.9%).
13:57 16.10.2024
UBS Wealth Management has welcomed James Kosan from Morgan Stanley to its Riverside, California office, focusing on affluent families. Osaic appointed Kristy Britt as CFO, succeeding Jon Frojen, while Raymond James added four advisors from RBC Capital Markets, managing $1.1 billion in assets. Additionally, Tom Wolf joined Cetera Advisors, launching Apex Wealth Management with $136 million in assets.
13:55 16.10.2024
Chorus (OTCMKTS:CHRYY) has been upgraded by UBS Group from a "strong sell" to a "hold" rating. The stock rose 7% to $26.84, with a 52-week range of $19.95 to $28.24. Chorus provides fixed line communications infrastructure services in New Zealand, including phone and broadband services.
13:55 16.10.2024
California Resources Corporation recently saw insider trading activity, with VP Noelle M. Repetti selling 10,000 shares at $53.00, totaling $530,000, while CEO Francisco Leon sold 7,500 shares for $368,850. Institutional investors hold 97.79% of the company's stock, and analysts maintain a "Moderate Buy" rating with a consensus target price of $64.75. The company also announced a quarterly dividend increase to $0.3875, reflecting a 2.94% yield.
13:55 16.10.2024
CHURCHILL MANAGEMENT Corp and GSA Capital Partners LLP both acquired new stakes in Antero Resources, with investments of approximately $1.54 million and $1.02 million, respectively. Vaughan Nelson Investment Management L.P. increased its holdings by 47.1%, while Hood River Capital Management LLC raised theirs by 81.5%. UBS Group initiated coverage with a "neutral" rating and a $33 price target, suggesting a potential upside of 20.92%. Analysts have mixed ratings, with two sell, seven hold, eight buy, and two strong buy ratings, leading to an average target price of $32.82.
13:55 16.10.2024
DGS Capital Management LLC and Hennion & Walsh Asset Management Inc. both acquired new positions in Chord Energy, with investments of approximately $239,000 and $296,000, respectively. AlphaMark Advisors LLC increased its stake by 16.8%, now holding shares worth $327,000. Analysts have given Chord Energy a "Moderate Buy" rating, with a price target averaging $190.64, while the stock recently traded at $128.02, reflecting a 52-week range of $126.38 to $190.23.
13:54 16.10.2024
ASML's Q3 orders fell significantly short of expectations, reaching only 2.6 billion euros compared to the anticipated 5.4 billion euros, prompting a cautious outlook for 2025 amid ongoing economic challenges in China. This situation raises concerns about Apple's upcoming results, as China accounts for 20% of its revenue, potentially leading to a test of lower price ranges.
IG
13:46 16.10.2024
UBS analyst Adam Berlin has raised the price target for Omnicom to $124 from $120, maintaining a Buy rating. Despite strong Q3 results, concerns linger over Q4 guidance indicating a potential slowdown and lack of operating leverage, though a 5% organic growth in Q4 remains plausible. The firm anticipates Omnicom will guide for 2025 organic growth above current consensus.
13:38 16.10.2024
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