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UBS shares initially rose but fell 3.5% to CHF 30.68 after the release of its 2024 annual results, despite exceeding expectations and announcing a higher dividend. Analysts praised the bank's performance and cost management, though concerns about new capital adequacy regulations and mixed results in wealth management weighed on investor sentiment.
UBS reported strong progress in integrating Credit Suisse, achieving key milestones and realizing $3.4 billion in cost savings for 2024. Despite better-than-expected quarterly results and plans for increased dividends and share buybacks, UBS shares fell over 5%, reflecting market concerns about complex capital movements. The bank aims for a return on core capital of around 15% by 2026, with significant cost reductions expected as the integration continues.
UBS shares fell over five percent after reporting figures that, despite exceeding expectations, failed to boost investor confidence. The stock has lost about 38% of its gains since December, now testing a key support level, while still up nearly nine percent year-to-date. Concerns over global economic uncertainties and potential new capital adequacy regulations are weighing on the stock, despite a significant rise of almost 80% since the Credit Suisse takeover.
UBS shares fell over five percent after reporting figures that, despite exceeding expectations, failed to boost investor confidence. The stock has lost about 38% of its gains since December, amid concerns over global economic uncertainties and potential new capital adequacy regulations that could require significant additional equity. Despite this, UBS has gained nearly nine percent year-to-date and remains the second most valuable bank in Europe following its acquisition of Credit Suisse.
UBS shares fell over five percent after reporting figures that, despite exceeding expectations, failed to boost investor confidence. The stock has lost about 38% of its gains since December, now testing a key support level, while still up nearly nine percent year-to-date. Concerns over global economic uncertainties and potential new capital adequacy regulations are weighing on the stock, despite a significant rise of almost 80% since the Credit Suisse takeover.
UBS more than doubled its profit in 2024, reporting an adjusted pre-tax profit of $8.8 billion, driven by a strong investment banking sector. Shareholders can expect a 29% increase in dividends and share buybacks totaling up to $3 billion, contingent on Swiss capital requirements. CEO Sergio Ermotti aims to cut costs by $13 billion by 2026, with job cuts expected as part of the integration of Credit Suisse.
UBS reported a significant profit increase in 2024, with adjusted pre-tax profit rising to $8.8 billion, driven by a strong investment banking sector. Despite this success, UBS shares fell 5% amid concerns over potential capital requirements and integration costs from the Credit Suisse merger. CEO Sergio Ermotti confirmed the bank's commitment to achieving key milestones and reducing costs by $13 billion by 2026, while also planning to increase dividends and share buybacks, contingent on regulatory developments.
UBS shares experienced fluctuations in early 2025, with a notable decline to CHF 29.27 on January 13, despite a positive monthly trend of 7.86%. Analysts from JPMorgan maintain an "Overweight" rating with a target price of CHF 34, anticipating strong financial results for global investment banks in 2024. The bank's market capitalization stands at €109.7 billion, reflecting investor confidence amid ongoing restructuring and legal challenges related to Credit Suisse's legacy.
Martin Investment Management LLC increased its stake in Check Point Software Technologies, owning 163,357 shares valued at $31.5 million, while Chevy Chase Trust Holdings LLC raised its stake by 69.6%, now holding 23,351 shares worth $4.5 million. Institutional investors control 98.51% of the company, which specializes in IT security solutions. Recent analyst ratings show a "Hold" status, with price targets ranging from $195 to $255, as the stock trades around $218.69 after reporting quarterly earnings that met expectations.
Deckers Outdoor Corporation, known for its UGG, HOKA, and Teva brands, has seen significant institutional investment, with 97.79% of its stock owned by hedge funds. Analysts have given the stock a "Moderate Buy" rating, with a consensus price target of $195.00, while Barclays recently raised its target from $190.00 to $231.00. Insider trading activity includes notable sales by executives, with a total of 73,758 shares sold in the last quarter.
JPMorgan Chase & Co.
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