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Moody's has upgraded EFG's deposit rating to "Aa3" from "A1" and the senior unsecured debt rating to "A2" from "A3," reflecting improvements in capitalization and profitability. Despite this positive outlook, EFG shares fell by 0.50 percent to 11.84 Swiss francs on the SIX.
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.
Moody's has upgraded EFG International's rating outlook to "stable" from "negative" while affirming its "A3" long-term issuer rating. The custodian rating improved to "Aa3" from "A1," and the senior unsecured rating was raised to "A2" from "A3," reflecting the bank's enhanced capitalization and profitability, along with its resilience against various risks.
Moody's has upgraded EFG International's rating outlook to "stable" from "negative" while affirming its "A3" long-term issuer rating. The custodian rating improved to "Aa3" from "A1," and the senior unsecured rating was raised to "A2" from "A3," reflecting the bank's enhanced capitalization and profitability, along with its resilience against various risks.
Moody's has upgraded EFG International's rating outlook to "stable" from "negative" while confirming its long-term issuer rating at "A3." The agency also raised the deposit rating to "Aa3" and the senior unsecured debt rating to "A2," citing improvements in the bank's capitalization and profitability, along with a solid buffer against potential risks.
Moody's has upgraded EFG International's rating outlook to "stable" from "negative," while confirming its long-term issuer rating at "A3." The agency also raised the deposit rating to "Aa3" and the senior unsecured debt rating to "A2," citing improvements in the bank's capitalization and profitability, along with a solid buffer against potential risks.
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.
Recent earnings growth and a share buyback program indicate financial stability for EFG International, despite a history of unstable dividend payments that may concern income-focused investors. TX Group AG, with a market cap of CHF1.57 billion, offers a dividend yield of 4.2% but has faced volatility in its dividend history. Both companies are trading below their estimated fair values, presenting potential opportunities for investors.
EFG International AG is set to enhance its services for independent asset managers by introducing a comprehensive multi-custody platform. This expansion aims to strengthen its global offering and support the needs of independent asset management firms.
Liechtensteinische Landesbank reported a slight net profit increase to CHF 90.16 million for H1 2024, despite a decline in net interest income. Meanwhile, Mobilezone Holding AG, with a market cap of CHF 591.87 million, generated stable sales but experienced a slight drop in net profit, offering a 3.62% dividend yield. The Swiss market remains volatile, highlighting the importance of identifying strong dividend stocks for income growth.
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