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BAWAG Group AG, with a market cap of €5.78 billion, generates revenue primarily from Retail & SME (€1.08 billion) and has a dividend yield of 6.79%, placing it among Austria's top dividend payers. Despite consistent earnings growth, its dividend history shows volatility, with a payout ratio of 58.7% and a high level of bad loans at 2%. The company may be undervalued according to recent assessments, suggesting potential for investors.
Citi has raised its price target for EFG International AG to CHF14.90, maintaining a Buy rating despite recent earnings falling short due to increased costs. The firm anticipates organic growth, supported by a recent hiring spree, and has adjusted EPS forecasts for 2024 down by 1% while increasing estimates for 2025-2028 by 2-2.5%. The outlook remains positive, with expectations of stable revenue margins and potential for extraordinary capital returns.
Citi has raised its price target for EFG International AG from CHF 14.70 to CHF 14.90, maintaining a Buy rating despite the company's recent earnings falling short of expectations due to higher costs. The analyst remains optimistic about EFG's organic growth potential, supported by a hiring spree and expected increases in earnings per share for 2025 to 2028. Key factors for this positive outlook include strong operating momentum and the likelihood of extraordinary capital returns.
The Swiss stock market experienced notable gains on Friday, driven by demand for defensive stocks amid geopolitical tensions related to Russia's nuclear strategy. Roche rose by 1.3%, Novartis by 2.3%, and the SMI index increased by 1.1% to 11,717 points, with 19 of the 20 SMI stocks gaining. The euro's recovery against the franc also supported the market, while Zurich Insurance climbed 1.0% following positive analyst feedback.
EFG International AG is actively seeking acquisitions, as confirmed by CEO Giorgio Pradelli. While the company aims for organic growth, it is also exploring potential acquisition opportunities to enhance its market position.
EFG International AG (SWX:EFGN) is actively seeking acquisitions as part of its growth strategy. CEO Giorgio Pradelli emphasized that while the company aims to expand organically, it remains open to exploring potential acquisition opportunities.
EFG International is exploring potential acquisitions, with CEO Giorgio Pradelli indicating a preference for growth through both organic means and M&A. The bank is focusing on targets that align with its existing operations for cost savings and cultural compatibility, although no immediate deals are in sight. Following a strong financial performance, with a net profit of over 260 million Swiss francs for the first 10 months of 2024, EFG is actively engaging with investment banks to identify opportunities.
Swiss bank Julius Baer reported a rise in net new money during July-October, totaling 7.5 billion francs, with assets under management increasing to 480 billion francs. The new CEO, Stefan Bollinger, will start on January 9, following the ousting of Philipp Rickenbacher in February amid financial challenges. The bank noted a significant inflow from key European and Asian markets, while ongoing regulatory reviews have delayed share buybacks and cost targets remain unmet.
Concerns are rising that the U.S. could face a crisis similar to Britain's 2022 mini-budget disaster, particularly with Donald Trump's return to the presidency and his proposed economic policies. Analysts warn that his agenda could lead to increased inflation and bond yield volatility, prompting foreign investors to reconsider U.S. Treasurys. While the dollar's status as the world's reserve currency offers some resilience, a sustained rise in yields could challenge its strength if inflation expectations rise significantly.
EFG International reported a net profit of SFr260 million ($293.7 million) for the first 10 months of 2024, up from SFr240 million in the same period last year. Assets under management rose to approximately SFr159 billion, driven by strong client activity and the recruitment of 60 new client relationship officers. The bank's cost/income ratio increased to 73.9%, reflecting investments made in the previous year.
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