{
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Heidelberg Materials AG focuses on producing and marketing cement and building materials, with product sales comprising 45.5% cements, 27.5% ready-mix concrete and asphalt, 18% aggregates, and 9% other materials like lime and bricks. Geographically, sales are distributed across various regions: Germany (9%), the United States (20.4%), the United Kingdom (8.9%), Australia (6.8%), France (6.4%), Indonesia (5%), Canada (4.9%), Italy (4.2%), and others (34.4%).
UBS has selected Clearstream to manage fund distribution support for its former Credit Suisse business, aiming to streamline operations and reduce costs. The partnership will leverage Clearstream’s Fund Centre platform, enhancing compliance and regulatory adherence while allowing UBS to focus on its core capabilities. Philippe Seyll, CEO of Clearstream Fund Centre, expressed enthusiasm for the collaboration, which positions UBS for growth in the evolving market.
The Swiss financial sector remains a crucial component of the economy, contributing CHF 108.4 billion in value added and supporting nearly 480,000 jobs in 2023. Banking services accounted for 16% of service exports, while insurance services contributed 6.4%. However, employment is expected to decline due to the integration of Credit Suisse into UBS, with a projected decrease of 0.6% in 2024 and 1.1% in 2025, amid a challenging market for insurance companies.
Hartmut Issel of UBS Wealth Management anticipates a significant earnings rebound for India's Nifty in FY26, nearly doubling previous growth forecasts. He encourages early investment in India, citing its unique position for earnings acceleration despite high valuations. Issel also notes that while the US market still holds value, interest rates are expected to peak, supporting stock performance.
UBS has reduced its target price for Vestas to 175 kroner while maintaining a 'Buy' rating. Investors are cautioned about the significant risks associated with trading financial instruments and cryptocurrencies, which can lead to substantial losses. It is advisable to seek independent financial advice before engaging in such trading activities.
Francesco Guerrera, previously Global Economics Editor at Breakingviews, will become the new Head of Communications at UBS, taking over from Marsha Askins, who is retiring. Guerrera will oversee internal and external communications, while John McDonald will handle marketing and branding. Guerrera's transition from journalism to corporate communications marks a significant shift in his career as he prepares to relocate to Zurich for his new role in February 2025.
Raffles Family Office has appointed Barry Tse, a former UBS banker, as its managing director of relationship management in Hong Kong. Tse will focus on expanding the firm's business, noting a growing trend among private banking clients to adopt multi-family office services to enhance their traditional banking relationships.
UBS shares are on an upward trend, reaching EUR 29.72 on November 28, marking a 0.24% increase. RBC maintains an "outperform" rating with a target price of 32 francs, while the bank's earnings per share improved significantly to CHF 0.39, up from CHF -0.21 last year. UBS has a market capitalization of 102.6 billion euros and declared a dividend of USD 0.35 this year.
The Swiss stock market closed mostly higher on November 28, 2024, with the SMI rising 0.57% to 11,709.80 points, despite a lack of significant market-moving news. Julius Baer led gains with a 2.1% increase, while technology stocks like Logitech also performed well amid easing US interest rates. Conversely, Swatch Group and Richemont saw declines, reflecting ongoing challenges in the luxury sector.
Jos Dijsselhof has resigned as CEO of the Swiss stock exchange SIX after seven years, following significant losses in 2023. Bjørn Sibbern, who has extensive experience in capital markets, will take over the role in 2025. Under Dijsselhof, SIX underwent strategic repositioning, including the sale of its card business and the acquisition of the Spanish stock exchange BME, which contributed to the financial downturn.
UBS
Companies
UBS / nyse
UBS Group AG
At close 09/20/2024 20:00:03
29.9$
-0.5$ (-0.02%)
After hours: 09/20/2024 21:13:31
29.8001$
-0.1$ (-0%)
Content of tab #2
UBS Group AG
UBS Group AG is a multinational investment bank and financial services company based out of Switzerland. It provides Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Banking services to the private, institutional and corporate clients worldwide.
Sector
financial
Industry
Banking
CEO
Ralph A. J. G. Hamers
Employees
71697
Website
Address
Bahnhofstrasse 45, Zurich, CH-8001, CH
MachinaScore
5
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
33.32$ (11.44% Upside)
33.32$ (11.44% Upside)
Blogger Sentiment
Neutral
UBS Sentiment 55.00000000000001%
Hedge Fund Trend
Very Positive
By 3.48M Shares Last Quarter.
Insider Transactions
Negative
Worth -3.28M over the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days
-0.01%
Last 30 Days -0.01%
Last 30 Days -0.01%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.26
Trailing 12-Months
Fundamentals
Return on Equity
17.26
Trailing 12-Months
Asset Growth
-7.02
Trailing 12-Months
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Heidelberg Materials reports diverse product sales and global market presence
11:15 28.11.2024
ubs partners with clearstream for enhanced fund distribution services
10:46 28.11.2024
Swiss financial sector remains vital to economy despite employment challenges
10:18 28.11.2024
ubs wealth management forecasts significant earnings rebound for india's nifty in fy26
10:15 28.11.2024
ubs lowers vestas target price to 175 kroner maintains buy rating
09:01 28.11.2024
francesco guerrera appointed head of communications at ubs following marsha askins retirement
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08:54 28.11.2024
former UBS banker joins Raffles Family Office as managing director
08:53 28.11.2024
ubs shares rise as earnings improve and target price set at 32 francs
08:26 28.11.2024
Swiss stock market shows mixed results amid thin trading and holiday effects
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