Deutsche Bank lowered its price target for Deere & Company from $402 to $389, maintaining a "hold" rating, while Morgan Stanley increased its target from $401 to $450 with an "overweight" rating. The stock has an average rating of "Hold" and a consensus target price of $436.41, with significant institutional investment, including a 5.2% increase in holdings by Zurcher Kantonalbank. Deere's recent earnings report showed $4.55 EPS, surpassing estimates, despite a 32.8% revenue decline year-over-year.
By Q1 2025, the S&P 500 resistance is projected around 6700, though sustained gains may be challenging. While bullish factors include historical performance and strong market sentiment, bearish concerns arise from high valuations and economic warning signs. A potential upside could see the index near 6500, while a downside scenario may lead to a correction towards 5400–5000.
Deutsche Bank AG has successfully sold nearly $1 billion in loans associated with US commercial real estate, effectively reducing its exposure to this challenging asset class. A spokesperson confirmed the completion of the sale, although specific details were not disclosed.
Sudipto Roy, MD and CEO of L&T Finance, asserts that working in banks and non-banking financial companies (NBFCs) is similar due to stringent regulatory scrutiny from the Reserve Bank of India. He emphasizes that upper-layer NBFCs operate like banks, highlighting the indistinguishable nature of their operations. Roy, who transitioned from a banking background, took charge of L&T Finance as it aimed to focus entirely on retail NBFC services.
RBC Capital Markets maintains an "Outperform" rating for UBS, setting a target price of 32 francs, despite current economic uncertainties affecting major European banks. Analyst Anke Reingen favors institutions with less reliance on net interest income and strong U.S. focus, highlighting UBS among preferred stocks. As of 09:04, UBS shares fell 1.0% to CHF 27.49, yet have risen 8.1% since the start of 2024, with the next balance sheet presentation scheduled for February 4, 2025.
RBC has maintained its "Outperform" rating for UBS, setting a target price of 32 francs. Analyst Anke Reingen highlighted that increasing economic uncertainty is overshadowing the fundamentals of major European banks, favoring institutions with lower dependence on net interest income and stronger U.S. focus. Preferred stocks include Barclays, UBS, Julius Baer, Deutsche Bank, BNP, and OSB Group.
RBC has upgraded UBS to an 'Outperform' rating with a target price of 32 francs, despite increasing economic uncertainty affecting major European banks. Analyst Anke Reingen favors institutions with lower reliance on net interest income and strong cost management, highlighting Barclays, UBS, Julius Baer, Deutsche Bank, BNP, and OSB Group as preferred stocks.
A rally in bank stocks since late September may compel major US banks to reduce their activities in the repurchase agreement and foreign exchange derivatives markets. This is due to the impact of share prices on regulatory scores for globally systemically important banks, which determine required capital reserves. As year-end approaches, banks typically scale back these activities to lower potential scores and associated capital requirements.
Inheritance trends in Germany are shifting from cash to tangible assets, with 54% of heirs now receiving properties compared to 40% in 2018. New family structures are prompting changes in succession planning, as only 42% of spouses designate each other as sole heirs. Additionally, 60% of future heirs intend to use inherited assets for wealth accumulation and retirement, highlighting the growing importance of inheritances for financial security.
Visa has reported a strong financial year, with sales increasing by 10% to nearly $36 billion, driven by a consumer and travel boom. The stock reached a record high of $312.40 on November 18, 2024, reflecting robust investor confidence and positive growth prospects in the digital payments sector.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
