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ubs ceo ermotti to receive nearly 15 million francs in 2024
UBS CEO Sergio Ermotti will receive a total remuneration of CHF 14.9 million for 2024, reflecting a slight increase from the previous year's CHF 14.4 million. Despite criticism over high salaries in the banking sector, Ermotti's pay remains below that of leaders in other industries, such as Partners Group and Novartis. UBS reported an adjusted pre-tax profit of USD 8.8 billion for 2024, bolstered by higher revenues and successful integration of Credit Suisse.
ubs ceo ermotti's 2024 salary remains high amid legal challenges and integration efforts
UBS CEO Sergio Ermotti will earn CHF 14.9 million in 2024, with a fixed salary of CHF 2.8 million and a variable component of CHF 12.1 million. The bank's provisions for legal cases stand at $3.6 billion, including ongoing litigation in France related to unlawful client solicitation.
Swiss stock market dips as labor data and tech sector woes weigh down indices
The Swiss stock market experienced a slight decline, with the SMI closing 0.24% lower at 12,593.34 points, marking its first loss after six weeks of gains. Swisscom and Holcim saw gains amid merger rumors, while financial stocks like Julius Baer and Partners Group faced significant losses. The US labor market data influenced investor sentiment, with employment growth slightly below expectations but a drop in the unemployment rate to 4%.
swiss banks top picks for 2025 amid interest rate challenges and opportunities
Zürcher Kantonalbank's equity analysts have identified UBS, Partners Group, Swissquote, and St. Galler Kantonalbank as top picks for 2025, highlighting their diverse business models and favorable risk-opportunity profiles. UBS's integration of Credit Suisse is expected to yield long-term benefits, while Partners Group is poised for significant growth in private markets. Swissquote aims to triple its market share, and SGKB, despite challenges from interest rate trends, is well-positioned to navigate the evolving banking landscape.
swiss banks face challenges from interest rate changes and new regulations
Swiss banks are facing increased spreads in capital markets, with cantonal banks experiencing rises of 40-50 basis points. The implementation of Basel III Final in 2025 is expected to benefit certain banks like BCV, while UBS's capital adequacy discussions could impact the broader sector. Analysts favor UBS, Partners Group, Swissquote, and SGKB for their growth potential amid changing interest rates and regulatory landscapes.
stock market update smi slightly lower as autoneum shares slump
In Asian forex trading, the yen remained stable against the dollar ahead of the Bank of Japan's interest rate decision, while the dollar slightly rose against the yuan and Swiss franc. Oil prices dipped amid speculation of increased OPEC production, with North Sea Brent crude at $78.73 per barrel. US markets saw gains, with the Dow Jones up 0.3% and Netflix experiencing significant subscriber growth, boosting its shares nearly 10%. Concerns over Trump's tariff plans on Chinese imports weighed on the dollar, which faced headwinds as clarity on trade negotiations remained elusive.
analysts update recommendations and price targets for key european stocks
Analysts have made several notable recommendations, including JP Morgan maintaining an Underweight rating for Adecco with a reduced target of CHF 19.60, while Air France-KLM was downgraded by Barclays to Underweight with a target of EUR 7. ArgenX received a buy rating from HC Wainwright & Co, raising its target to 717 USD, and BioMérieux was upgraded to Outperform by Oddo BHF with a target of EUR 132. Other significant changes include upgrades for Deliveroo and Orange, while OVH Groupe remains a sell with a raised target of EUR 8.50.
us inflation data awaited as currency markets show little movement
Investors are on edge ahead of the US inflation figures for December, with a benchmark of 3% in focus. The currency market shows little movement, with the euro/franc stable at 0.9400 and the dollar/franc at 0.9119, as analysts question the sustainability of current dollar optimism amid a robust US economy and inflation concerns.
Partners Group shares rise after UBS upgrades stock to buy rating
Shares of Partners Group surged over 4% after UBS upgraded the stock to "buy," citing a strong growth outlook in assets under management (AuM) and improved performance fee projections. Analysts forecast a 13% compound annual growth rate in AuM from 2024 to 2027, driven by strategic partnerships, including one with BlackRock. UBS raised its price target for the stock to CHF1,378, highlighting the firm's resilient margins and positioning in private markets as key factors for continued outperformance.
partners group shares rise after ubS upgrades to buy rating
Shares of Partners Group surged over 4% after UBS upgraded the stock to "buy," citing a strong growth outlook in assets under management (AuM) and improved performance fee projections. Analysts forecast a 13% compound annual growth rate in AuM from 2024 to 2027, driven by strategic partnerships, including one with BlackRock. UBS raised its price target for the stock to CHF1,378, highlighting the firm's resilient margins and positioning in private markets as key factors for continued outperformance.
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