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jp morgan and ubs dominate apac m and a advisory rankings 2024
JP Morgan and UBS have topped the APAC M&A financial advisory rankings for Q1-Q3 2024, leading in deal value and volume, respectively. JP Morgan advised on transactions worth $17bn, while UBS facilitated 30 deals, totaling $14.4bn in value. Moelis & Company, TD Securities, and Mitsubishi UFJ Financial followed in the value rankings, while Moelis also secured second place in volume.
ubs shares soar as wall street banks report strong earnings
UBS shares reached a record high of CHF 28.18, driven by positive market sentiment and interest rate cuts. Despite recent gains, concerns about the slow integration of Credit Suisse and talent losses to competitors persist, raising questions about UBS's future ambitions in investment banking. The bank's third-quarter results, set to be announced soon, will be closely watched for insights into its performance amid a booming market.
Wells Fargo shares rise 5 percent on strong earnings and positive outlook
Wells Fargo shares surged over 5% following better-than-expected third-quarter results, with adjusted earnings per share at $1.42, surpassing expectations. The bank's positive outlook on the US economy, despite some consumer tension, signals potential for further stock growth, especially if it breaks resistance at $61.
us equity markets surge on strong bank earnings and retail sales outlook
US stock markets closed positively, with the S&P 500 and Dow Jones reaching record highs, driven by strong bank earnings. Economic indicators showed flat producer prices and a drop in consumer sentiment, while upcoming retail sales data could influence market expectations of a soft landing. The Nasdaq and S&P 500 both secured five consecutive weeks of gains, with technical analysis suggesting potential upward targets if key support levels hold.
moncler faces downgrades amid concerns over slowing chinese demand
Moncler has received downgrades from UBS, JP Morgan, and AlphaValue due to concerns over slowing Chinese demand, despite solid performance. UBS lowered its target price from 63 to 53 euros, while JP Morgan adjusted its forecast for fiscal 2024-26 down by 5-7 percent. Analysts highlight risks in the upcoming quarters but note potential upside from new collections and seasonal demand.
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