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European banks are embracing cryptocurrency trading under the newly active MiCA regulation, with over 50 institutions planning to launch services by early 2025. Major players like BBVA and Deutsche Bank are leading the charge, integrating digital assets into traditional finance, driven by rising client demand and regulatory clarity. This shift marks a significant evolution in the banking sector, positioning banks to offer secure and compliant trading platforms for cryptocurrencies.
European banks are set to expand crypto trading services, with over 50 institutions preparing to launch offerings by early 2025, driven by the active Markets in Crypto-Assets (MiCA) regulation. BBVA leads the charge through its Turkish branch, Garanti BBVA Kripto, enabling crypto trading via Bit2Me's platform. Major players like Deutsche Bank and Société Générale are also embracing digital assets, highlighting a significant shift in the banking landscape as demand for cryptocurrency grows.
MBaer Merchant Bank has undergone a significant leadership overhaul, with Annett Viehweg appointed as CEO, succeeding founder Mike Bär, who will now focus on client relations and the Merchant Banking division. The restructuring, effective January 1, 2025, also includes strengthened regulatory oversight with Hendrik Weber-Grellet as Chief Risk Officer and Irina Buholzer as Chief Operating Officer. Viehweg, with over 30 years of banking experience, aims to expand the bank's merchant banking-focused business model amid recent challenges.
European banks have shown remarkable resilience in 2024, achieving nearly 25% year-to-date gains, significantly outperforming the STXE Europe 600 Banks index. This success is attributed to diversified revenue streams, enhanced cost efficiency, and a focus on shareholder value, with record dividend payouts and share buybacks boosting investor confidence.Despite challenges such as geopolitical uncertainties and potential economic slowdowns, the sector's operational efficiency and strategic investments in technology position it well for future growth. The broader eurozone economic recovery and supportive measures from the European Central Bank have further reinforced positive market sentiment.
UBS has maintained a Neutral rating on Lululemon Athletica Inc. with a price target of $360, citing concerns over U.S. growth potential amid findings from its annual athletic wear survey. Despite strong international performance and recent positive earnings adjustments, analysts express caution regarding the brand's ability to expand in the saturated U.S. market.
UBS has maintained a Neutral rating on Lululemon Athletica Inc. with a price target of $360, citing concerns over U.S. growth potential despite strong international performance. The UBS Evidence Lab's survey indicates that while the brand remains strong globally, growth in the U.S. may have plateaued, raising doubts about achieving future growth expectations. Analysts have adjusted their price targets upward following a robust third-quarter earnings report, reflecting confidence in Lululemon's overall performance and future prospects.
European banks have shown remarkable resilience in 2024, achieving nearly 25% gains year-to-date, significantly outperforming the STOXX Europe 600 index. Strong balance sheets, record shareholder returns, and improved operational efficiency have bolstered investor confidence, despite challenges from geopolitical uncertainties and potential economic slowdowns. The sector's ability to adapt through technology investments and diversified revenue streams positions it well for future challenges.
RBC Capital Markets has upgraded its price target for UBS shares from 32 to 36 francs, maintaining an "Outperform" rating. The UBS share rose 2.2% to CHF 27.67, indicating a potential upside of 30.10% relative to the new target price. Year-to-date, UBS shares have increased by 8.8%, with Q4 2024 results expected on February 4, 2025.
RBC Capital Markets has raised its price target for UBS from 32 to 36 francs while maintaining an "Outperform" rating. Analyst Anke Reingen noted that the adjustments reflect updated business expectations for 2026, with UBS among the bank's favored stocks alongside Barclays, Julius Baer, Deutsche Bank, BNP Paribas, and OSB Group.
RBC has increased its price target for UBS from 32 to 36 francs, maintaining an "Outperform" rating. Analyst Anke Reingen noted that this adjustment aligns with the annual valuation model updates, with price targets now reflecting business expectations for 2026. RBC's top picks include Barclays, UBS, Julius Baer, Deutsche Bank, BNP Paribas, and OSB Group.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
European banks embrace cryptocurrency trading under new regulatory framework
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RBC raises UBS price target to 36 francs maintaining outperform rating
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