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BCV proposes Sandra Hauser for Board of Directors at AGM
BCV Group reported a net profit of CHF 441 million for 2024, with a stable operating income of CHF 1.16 billion and an increased dividend of CHF 4.40 per share. Total assets rose by 3% to CHF 60.6 billion, driven by an 8% growth in the mortgage business, while the common equity tier 1 ratio stands at a solid 16.8%. The Board of Directors will propose Sandra Hauser as a new member, succeeding Ingrid Deltenre, who is stepping down.
Banque cantonale vaudoise reported a decline in net interest income by 7% to CHF 554 million, while fee and commission income rose by 9% to CHF 369 million. The bank experienced an 8% increase in its mortgage business, benefiting from strong demand and the market shift following Credit Suisse's exit. Operating expenses rose by 3%, leading to a distribution of CHF 286 million to the canton of Vaud.
banque cantonale vaudoise reports lower profits and plans dividend increase
Banque cantonale vaudoise reported a net profit of 441 million francs for 2024, down from 469 million in 2023, amid a challenging interest rate environment. Operating revenues remained stable at 1.16 billion francs, while operating expenses rose by 3%. The canton of Vaud will receive 286 million francs in redistributions, including 254 million in dividends.
bank cantonale vaudoise reports stable revenues and proposes dividend increase
The Canton of Vaud will receive CHF 286 million for the 2024 financial year, including CHF 254 million in dividends. Despite a decline in profits, the Board of Directors will propose a dividend increase to CHF 4.40 per share at the upcoming Annual General Meeting. Ingrid Deltenre will resign from the Board, with Sandra Hauser proposed as her successor, bringing extensive experience in technology and finance. BCV reported stable revenues of CHF 1.16 billion, with net profit at CHF 441 million, marking the second-best results in its history.
banque cantonale vaudoise reports lower profits and plans dividend increase
Banque cantonale vaudoise reported a net profit of CHF 441 million for 2024, down from CHF 469 million in 2023, amid a challenging interest rate environment. Operating revenues remained stable at CHF 1.16 billion, while operating income fell by 5% to CHF 515 million. The bank plans to increase its dividend by 10 centimes to CHF 4.40 per share.
Banque cantonale vaudoise reported a net profit of 441 million Swiss francs for 2024, down from 469 million the previous year, attributed to a challenging interest rate environment. Operating revenues remained stable at 1.16 billion francs, while operating income fell by 5% to 515 million. The bank plans to increase its dividend by 10 centimes to CHF 4.40 per share, and assets under management rose by 6% to 124.2 billion francs.
Swiss Stock Market Set to Open Lower Ahead of Fed Decision and Inflation Data
The Swiss stock market is set to open lower, with the SMI index down 0.24% ahead of the US Federal Reserve's monetary policy decision and UK inflation data. Analysts anticipate a 25 basis point rate cut from the Fed, despite concerns over inflation in a strong US economy. Roche is slightly up after receiving a CE mark for a new testing device, while Dätwyler faces a significant loss due to a restructuring plan.
wiss dividend stocks show potential despite market uncertainties and volatility
Swisscom AG, a major telecommunications provider, has a dividend yield of 3.94%, with stable but unreliable dividends over the past decade. Despite a high debt level, its payout ratios indicate sustainability. Meanwhile, Meier Tobler Group offers a 4.64% yield, but its dividends have been volatile.
sustainable dividends and growth potential in swiss market stocks
TX Group has returned to profitability with a net profit of CHF 9.6 million in H1 2024, supported by sustainable dividends with a payout ratio of 59.6%. The Swiss market has seen a 16% rise over the past year, with earnings expected to grow by 12% annually, highlighting opportunities in dividend stocks.
swiss dividend stocks show promise amid market volatility and growth potential
EFG International AG, with a market cap of CHF 3.63 billion, offers private banking and wealth management services, boasting a dividend yield of 4.58%. Despite a history of volatility in dividend payments, the payout ratio stands at 55.2%, indicating earnings coverage. TX Group AG, valued at CHF 1.57 billion, operates various media platforms in Switzerland, with a dividend yield of 4.2% and a payout ratio of 59.6%, though its dividend history raises concerns for income-focused investors.
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