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EFG International AG, a Swiss private banking firm, has announced the sale of its synthetic life insurance portfolio. The company operates globally, managing assets for private individuals and institutions across approximately 40 locations in Europe, Asia-Pacific, the Americas, and the Middle East.
European natural gas prices are expected to gradually normalize as recent cold temperatures have been brief, leading to a slowdown in inventory decline. Current gas inventories are projected to reach between 35% and 40% of capacity, remaining significantly above historical lows, reflecting weaker manufacturing activity in the region.
Citi analyst Nicholas Herman raised the price target for EFG International AG to CHF15.70 from CHF14.90, maintaining a Buy rating after strong FY24 results, particularly in net new assets and margin improvements. Despite a 3.5% drop in shares post-announcement, attributed to profit-taking, estimates for adjusted EPS from 2025 to 2028 were increased by 2-4%. EFG International remains Citi's top pick among Swiss banks, with projections for FY25 exceeding consensus by 16%.
Citi analyst Nicholas Herman raised the target price for EFG International AG from CHF 14.90 to CHF 15.70, maintaining a Buy rating after the bank's unexpectedly strong FY2024 results. Despite a 3.5% decline in shares post-announcement, attributed to profit-taking, adjusted EPS estimates for FY2025 to FY2028 were increased by 2-4%. EFG International remains Citi's top pick among Swiss banks, driven by strong operating momentum and significant upside potential to consensus estimates.
EFG International AG reported a record net profit of CHF 321.6 million for 2024, marking a 6% year-over-year increase, and proposed a historic dividend of CHF 0.60 per share. Assets under Management rose by 16% to CHF 165.5 billion, driven by net new assets of CHF 10.1 billion and favorable market conditions. The company also announced the acquisition of Swiss private bank Cité Gestion, expected to enhance its market presence by 2026.
EFG International AG, a Swiss private banking firm, reported strong figures for 2024, reaching a record high. The company, which specializes in wealth management for both private and institutional clients, also announced a minor acquisition as part of its growth strategy. Operating in approximately 40 locations globally, EFG International has a significant presence across Europe, Asia-Pacific, the Americas, and the Middle East.
EFG International AG, a Swiss private banking firm, reported strong figures for 2024, achieving record levels. The company, which manages assets for private individuals and institutions across approximately 40 global locations, also announced a smaller acquisition to enhance its service offerings.
EFG International AG, a Swiss private banking firm, has reported increased profits and is poised to acquire Cité Gestion. The company manages assets for private clients and institutions, operating in approximately 40 locations across Europe, Asia-Pacific, the Americas, and the Middle East.
EFG International AG, a Swiss private banking firm, has reported an increase in net profit and operating income for FY 24. The company manages assets for private individuals and institutions and operates in approximately 40 locations across Europe, Asia-Pacific, the Americas, and the Middle East.
EFG International AG, a Switzerland-based private banking firm, reported increases in both net profit and operating profit for FY24. The company specializes in wealth management for private and institutional clients and operates in around 40 locations across Europe, Asia Pacific, the Americas, and the Middle East.
EFG International AG
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