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moncler faces downgrades amid concerns over slowing chinese demand

Moncler has received downgrades from UBS, JP Morgan, and AlphaValue due to concerns over slowing Chinese demand, despite solid performance. UBS lowered its target price from 63 to 53 euros, while JP Morgan adjusted its forecast for fiscal 2024-26 down by 5-7 percent. Analysts highlight risks in the upcoming quarters but note potential upside from new collections and seasonal demand.
MF Milano Finanza
Euro Alphavalue SA Moncler S.p.A. JP Morgan Chase Bank Setr Brunello Cucinelli S.p.A. CHN ITA Carlo Rivetti Remo Ruffini Show more
TradFi, Market Report
09:00 24.09.2024

Ethereum price influenced by Chinese central bank and US economic data

Ethereum's price is influenced by the People's Bank of China's economic stimulus and potential easing of monetary policy, which may drive investors towards crypto assets. Attention is also on Fed Chairman Jerome Powell's upcoming speech and US price data, with the presidential election campaign adding further market dynamics. Polls show Kamala Harris slightly ahead of Donald Trump, who is viewed as more crypto-friendly.
ig.com
Chinese Yuan United States Dollar IG Group Holdings plc CHN USA Kamala Harris Donald Trump Jerome Powell Pan Gongsheng Show more
Crypto, Market Report
09:00 24.09.2024

luzerner kantonalbank becomes first traditional swiss bank to offer cryptocurrency services

Luzerner Kantonalbank (LUKB) will begin offering deposit and delivery services for Bitcoin and Ethereum starting October 1, 2024, becoming the first traditional bank in Switzerland to do so among cantonal banks. This service allows customers to transfer cryptocurrencies from other wallets to their securities custody account, complementing LUKB's existing crypto trading and custody offerings. The bank ensures secure custody of cryptocurrencies by adhering to recognized security standards, certified under the ISAE 3000 standard.
finews.ch
Zentralschweizer Kantonalbank Luzerner Kantonalbank AG Maerki Baumann & Co. AG CHE Show more
TradFi, Press Release
09:00 24.09.2024

ubs accelerates cost-cutting plans following credit suisse merger completion

UBS is ahead of schedule on its cost-cutting plans, with CEO Sergio Ernotti noting they are about six months ahead of forecasts. The merger with Credit Suisse has been legally completed, allowing progress on cost reductions, though full benefits may not be realized until late 2025 or 2026. UBS is also expanding its market share in foreign exchange, equities, and investment banking, particularly in the US, despite anticipating a more challenging third quarter for M&A activities.
usinenouvelle.com
United States Dollar Credit Suisse Anlagestiftung UBS SA CHE Sergio Ernotti Corentin Chappron Blandine Hénault Credit Suisse John Revill Show more
TradFi, Market Report
09:00 24.09.2024

holcim shares poised for growth amid optimistic analyst outlook and dividends

Holcim shares are expected to see further price returns, with eleven "buy" recommendations from analysts, alongside thirteen "holds" and one "sell." A future payout ratio of 50 to 60 percent is considered realistic, potentially increasing the dividend yield to 5-6 percent, which could enhance the valuation of Holcim shares.
cash.ch
Holcim AG CHE
TradFi, Market Report
09:00 24.09.2024

Luzerner Kantonalbank launches cryptocurrency deposit and delivery services for clients

Luzerner Kantonalbank (LUKB) is set to become the first traditional Swiss bank to offer deposit and delivery services for cryptocurrencies, starting October 1, 2024. Initially supporting Bitcoin and Ethereum, the bank will also allow transfers from other wallets to its custody accounts. LUKB aims to enhance its crypto offerings while ensuring security through ISAE 3000-certified infrastructure.
Crypto Valley Journal
Luzerner Kantonalbank AG CHE Marcel Hurschler Show more
TradFi, Press Release
09:00 24.09.2024

ubs reports cost savings ahead of schedule and market share gains

UBS is approximately six months ahead in its cost-saving initiatives and the integration of Credit Suisse, according to CEO Sergio Ermotti. The bank has completed legal entity mergers with 80 regulators providing 180 approvals globally, positioning it for further cost reductions. While market share gains are evident, particularly in equities and foreign exchange, significant cost savings from client data integration are not expected until late 2025 or into 2026.
reuters.com
Swiss Franc Credit Suisse Anlagestiftung Bank of America Corporation UBS SA CHE USA Sergio Ermotti Dave Graham Jason Neely Denis Balibouse John Revill Show more
TradFi, Market Report
09:00 24.09.2024

Regula Berger appointed new CEO of Basler Kantonalbank effective March 2025

Regula Berger will succeed Basil Heeb as CEO and Chairwoman of Basler Kantonalbank on March 1, 2025, following Heeb's decision to step down after six years in the role. Berger, currently Deputy CEO and Head of Commercial Client Sales, has been with the bank since 2019 and is recognized for her strong leadership. Heeb will assist in the transition until the end of March 2025 before pursuing opportunities outside the Group.
MarketScreener
Basler Kantonalbank Bank Cler AG CHE Basil Heeb Regula Berger
TradFi, Press Release
09:00 24.09.2024

Regula Berger appointed new CEO of Basler Kantonalbank starting March 2025

Regula Berger will become the new CEO and Chairwoman of the Executive Board at Basler Kantonalbank on March 1, 2025, succeeding Basil Heeb, who is stepping down after six years in the role. Berger, currently the Deputy CEO and Head of Commercial Client Sales, has been with the bank since 2019 and is recognized for her strong leadership skills. Heeb's tenure is noted for enhancing BKB's position and profitability.
Nau
Basler Kantonalbank Bank Cler AG CHE Basil Heeb Regula Berger Adrian Bult Show more
TradFi, News Article
09:00 24.09.2024

saxo bank to close offices in hong kong and shanghai

Saxo Bank, based in Copenhagen and backed by Chinese auto group Geely, is closing its offices in Hong Kong and Shanghai while scaling back operations in Tokyo due to a sluggish Chinese economy. This strategic retreat will impact 10 staff members as the bank reassesses its presence in Asia.
Nikkei Asia
Saxo Bank A/S Geely CHN JPN DNK Show more
TradFi, News Article
09:00 24.09.2024
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