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UBS is recalibrating its strategy following the merger with Credit Suisse, focusing on strengthening capital reserves rather than expanding its investment banking division in light of anticipated regulatory changes. This conservative approach aims to enhance stability across its operations.In contrast, investor confidence is rising, as evidenced by Penza Investment Management's 3.01% stake in Julius Baer and RBC Capital Markets' optimistic target revision for Sandoz. Additionally, Swisscom and SGS are set to reward shareholders with dividends, reflecting a robust financial outlook for Swiss firms amidst regulatory challenges.
UBS Group AG is seeking to limit the future size of its investment bank and increase capital to avoid stricter regulations following its acquisition of Credit Suisse. Meanwhile, Penza Investment Management has acquired a 3.01% stake in Julius Baer. Analysts have raised the target price for Sandoz Group AG from CHF 42 to CHF 44, while Swisscom AG proposed a dividend of CHF 22.00 per share and SGS SA proposed a dividend of CHF 3.20. The Swiss Investor Confidence Index for March is set to be released at 0900 GMT.
UBS Group AG is working to mitigate stricter regulations by proposing to limit the size of its investment bank and increase capital reserves, following its acquisition of Credit Suisse. Julius Baer Gruppe AG has a 3.01% stake held by Penza Investment Management, while RBC has raised the target price for Sandoz Group AG to CHF 44 from CHF 42. Swisscom AG and SGS SA have proposed dividends of CHF 22.00 and CHF 3.20 per share, respectively, with Swiss March Investor Sentiment data set to be released at 0900 GMT.
Amadeus Fire's cautious outlook impacted cyclically sensitive stocks, with Givaudan, Sika, and Holcim among the notable decliners. The US stock market saw declines, particularly in Nike and FedEx, amid economic concerns and a major futures expiry day. Oil prices remained stable, with Brent slightly down and WTI up, as geopolitical tensions continue to influence the market.
Sunrise, burdened by high debts of CHF 4.6 billion and significant losses totaling CHF 662 million since its merger, continues to award exorbitant bonuses to its management, including CHF 15 million to CEO André Krause linked to the recent IPO. This Americanization of corporate culture raises concerns, especially as the company has cut 600 jobs while three of its seven board members are U.S. citizens. Despite stagnant sales and a mountain of leasing contracts, the company’s balance sheet shows a risky goodwill of CHF 6 billion, indicating potential for severe write-downs.
Richard Dindo, the renowned Swiss filmmaker and documentary maker, passed away at the age of 80 in a Paris hospital, surrounded by family. His contributions to cinema have left a lasting impact on the industry. In other news, rents in Switzerland are on the rise, with a 0.2% increase in January and a 3.1% annual growth, driven by significant hikes in low-tax cantons.
Swiss stocks rose, with the Swiss Market Index up 1.85%, as inflation eased to 0.4% in January. Nestlé shares surged 6.22% after affirming its 2025 growth outlook, despite a 1.8% sales drop in 2024. Conversely, Swisscom's stock fell 3.04% following a 9.9% decline in net income due to acquisition costs.
The Swiss stock market experienced a slight decline, with the SMI closing 0.24% lower at 12,593.34 points, marking its first loss after six weeks of gains. Swisscom and Holcim saw gains amid merger rumors, while financial stocks like Julius Baer and Partners Group faced significant losses. The US labor market data influenced investor sentiment, with employment growth slightly below expectations but a drop in the unemployment rate to 4%.
The Swiss stock market maintained its upward momentum at midday, with the SMI up 0.44% as concerns over the US-China trade conflict lingered. UBS led gains at +1.9%, while Temenos rose 1.4% after selling its fund management unit. However, Leonteq faced an 8.4% drop following regulatory sanctions.
Vodafone Group's share price has shown volatility, recently trading at GBP 0.69 with a market capitalization of €20.9 billion. Despite a slight decline in daily trading, the company has experienced a positive monthly trend, reflecting a 2.51% increase. Analysts remain cautious, with UBS lowering its target price to 69 pence amid competitive challenges in Europe.
Swisscom AG
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ubs adopts conservative strategy post credit suisse merger to enhance capital reserves
10:04 26.03.2025
Swiss equities outlook UBS seeks to limit investment bank size and capital requirements
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Swiss stocks outlook UBS seeks to limit investment bank size and capital
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