{
}
Saudi Arabia's Tabby, a leading fintech unicorn in the Middle East, has engaged HSBC, JPMorgan, and Morgan Stanley to assist with preparations for a potential initial public offering. The plans are in the early stages, with no final decisions made regarding the timing or size of the offering.
UBS has downgraded Altus Power from Buy to Neutral following TPG Rise Climate's announcement to acquire the company for $5.00 per share, with the deal expected to close in Q2 2025. Despite a recent 24% stock gain, UBS anticipates stable pricing until the transaction's completion, supported by significant investor backing. Meanwhile, JPMorgan upgraded Altus Power to Neutral, citing the offer's reasonableness amid current market conditions.
UBS has downgraded Altus Power from Buy to Neutral following TPG Rise Climate's announcement to acquire the company for $5.00 per share. Despite a recent 24% stock increase, the price target remains at $5.00, with a high likelihood of the deal closing in Q2 2025, supported by major investors.
Elon Musk spoke at a JPMorgan Chase conference in Miami, discussing his role in reshaping the federal government under President Trump, including plans to eliminate federal agencies and reduce government jobs. The event, attended by JPMorgan CEO Jamie Dimon and about 200 clients, featured a conversation moderated by David Rubenstein. Musk and Dimon, who previously had legal disputes, have since settled their differences.
German second-line stocks lead with a 9.73% performance, followed by cyclicals in Austria at 9.04%. In the banking sector, Societe Generale outperforms with a 15.52% increase, while UBS and Sberbank struggle, showing declines of 5.94% and 67.53%, respectively. The average performance of BSN-Group banks stands at 7.3%.
UBS is navigating a challenging financial landscape, with DZ Bank downgrading its rating from "buy" to "hold" and lowering the fair value to 32 francs, citing high uncertainty over future capital requirements. Despite a strong fourth quarter, where net profit reached $770 million, the share price has seen fluctuations, reflecting mixed analyst sentiments. While JPMorgan maintains an "Overweight" rating with a target of 34 francs, Goldman Sachs has raised its target to 44.50 francs, emphasizing UBS's solid performance and strategic focus on capital management.
Wells Fargo Advisors has recruited the Broadleaf Wealth Management team from UBS in Century City, California, which generated $11 million in annual revenue and managed $1.6 billion in client assets. Led by David Tannenbaum and his father Edward, the team was attracted by the potential to transition to Wells Fargo's independent Financial Network. This move follows UBS's recent compensation plan changes, which have prompted concerns about increased broker attrition.
JPMorgan has maintained an 'Overweight' rating for UBS, setting a price target of 34 francs. Following strong fourth-quarter results, the bank raised its 2025 earnings forecast by 11% due to a lower-than-expected tax rate, according to analyst Kian Abouhossein.
UBS has achieved all key milestones and targeted cost savings, with a strong share price performance leading up to its quarterly results announcement on February 4, 2025. The stock recently traded at CHF 32.51, reflecting a 16.33% increase over the past month, while JPMorgan maintains an 'Overweight' rating with a target price of CHF 34. Despite some daily fluctuations, UBS's market capitalization stands at approximately 118.2 billion euros, showcasing investor confidence in the bank's ongoing restructuring efforts.
Analyst Delphine Lee has slightly adjusted her valuation model for Intesa Sanpaolo ahead of its quarterly report, with the bank's shares currently trading at EUR 4.15, reflecting a 7.37% increase over the past month. UBS and JPMorgan maintain a 'Buy' rating with target prices of EUR 5, while Jefferies rates it 'Buy' at EUR 4.40, despite a recent quarterly miss. Following a strong annual profit of nearly EUR 8.7 billion, the bank plans a significant share buyback of up to EUR 2 billion.
JPMorgan Chase & Co.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tabby enlists top banks for potential initial public offering in saudi arabia
12:39 10.02.2025
ubs downgrades altus power stock rating amid tpg acquisition announcement
United States Dollar
TPG Inc.
CBRE Group, Inc.
JPMorgan Chase & Co.
Blackstone Inc.
USA
Richard Shapiro
Show more
11:20 10.02.2025
ubs downgrades altus power to neutral after tpg rise climate acquisition announcement
United States Dollar
TPG Inc.
CBRE Group, Inc.
Evolv Technologies Holdings, Inc.
JPMorgan Chase & Co.
Blackstone Inc.
Altus Power, Inc.
USA
Richard Shapiro
Show more
11:09 10.02.2025
Elon Musk discusses government reshaping at JPMorgan Chase conference
United States Dollar
Tesla, Inc.
The Carlyle Group Inc.
JPMorgan Chase & Co.
USA
Mary Erdoes
Jamie Dimon
Maye Musk
Elon Musk
David Rubenstein
Show more
14:06 08.02.2025
performance analysis of european stocks and banks in early 2025
British Pound Sterling
Russian Ruble
Swiss Franc
Euro
United States Dollar
HSBC HOLDINGS
JPMorgan Chase & Co.
BNP Paribas SA
Deutsche Bank RV Global PP
Credit Suisse High Yield Bond Fund, Inc.
RBI Expr.Z./Mercedes 23-28
AAREAL BANK MTN.HPF.S259
The Goldman Sachs Group, Inc.
AMERICAN EXPRESS
Commerzbank AG
Banco Santander, S.A.
Erste Group Bank AG
DEU
Show more
13:21 08.02.2025
ubs faces mixed analyst ratings amid strong quarterly performance and market uncertainty
Swiss Franc
Raiffeisen Bank International AG
JPMorgan Chase & Co.
Deutsche Bank RV Global PP
UBS Group AG
The Goldman Sachs Group, Inc.
CHE
Benjamin Goy
Kian Abouhossein
Johann Wilhelm Hässler
Anke Reingen
Chris Hallam
Show more
10:56 08.02.2025
wells fargo acquires 11 million dollar team from ubs in los angeles
United States Dollar
Wells Fargo & Company
JPMorgan Chase & Co.
USA
David Justman
David Tannenbaum
Robert Zeigermann
Edward Tannenbaum
Show more
19:55 07.02.2025
JPMorgan maintains overweight rating for UBS with 34 franc target
09:54 07.02.2025
ubs shares surge as cost savings and milestones are achieved
Swiss Franc
Euro
JPMorgan Chase & Co.
UBS Group AG
CHE
Chris Hallam
Kian Abouhossein
Aaron Alber
Anke Reingen
Benjamin Goy
Show more
04:45 05.02.2025
Intesa Sanpaolo shares rise as UBS and JPMorgan maintain positive ratings
Euro
JPMorgan Chase & Co.
Grenke AG
Estithmar Holding Q.P.S.C.
Intesa Sanpaolo SpA
ITA
Marco Nicolai
Delphine Lee
Kian Abouhossein
Ignacio Cerezo
Show more
15:57 04.02.2025
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
Stock Market Updates
Government Economic Policies
Industry Mergers & Acquisitions
Energy Sector Developments
Workplace Trends
Funding Rounds & Investments
CEO Changes
AI Applications
Private Equity Deals
Emerging Startups
Fintech Startups
AI Innovations
Global Financial Events
Central Bank Actions
Countries:
Companies:
Apple Inc.
Google Inc.
Tesla, Inc.
Amazon.com, Inc.
Microsoft Corporation
Tesmec S.p.A.
Alphabet Inc.
OpenAI ERC USD
Walmart Inc.
SWIGGY LIMITED
TENCENT
NVIDIA Corporation
Foxconn Technology Co., Ltd.
Hollywood Bowl Group PLC
NASDAQ Composite
Wise plc
Mastercard Inc
Bose Corporation
Mistral 1
Fast Retailing Co., Ltd.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
British Pound Sterling
United Arab Emirates Dirham
Vietnamese Đồng
South Korean Won
New Zealand Dollar
Saudi Riyal
Thai Baht
Australian Dollar
Indonesian Rupiah
Singapore Dollar
Omani Rial
Bahraini Dinar
Qatari Riyal
Algerian Dinar
Egyptian Pound
People: