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Credit Suisse Asset Management Income Fund, Inc. has reached a 52-week low of $2.81 amid a challenging market. Despite this decline, the fund boasts a robust 9.54% dividend yield and has maintained dividend payments for 39 consecutive years, with a positive total return of 5.61% over the past year. Its low volatility, indicated by a beta of 0.7, reflects stable price movements as management adapts strategies to uphold its strong dividend profile.
Commerzbank will hold its 2025 Annual General Meeting in person on May 15, proposing a €0.65 dividend per share, totaling approximately €733 million. The agenda includes the election of new Supervisory Board members and adjustments to board remuneration systems to enhance shareholder value and governance. The bank aims to continue capital returns through dividends and share buybacks, with plans to acquire up to 10% of its share capital.
Virbac is set to release its first-half results on September 17, typically aligning with market expectations. The company's shares have been on an upward trend since 2018, recently breaking out of a bullish rectangle pattern, with a major support level at €129.80 and a target resistance at €140.30. The scenario remains valid as long as prices stay above the support threshold.
UBS shares fell 5.1% to CHF 23.30 at midday, marking a significant decline in the SIX SX session. The stock, which opened at CHF 23.93, hit a low of CHF 23.18, and is currently 41.12% below its 52-week high of CHF 32.88. Analysts anticipate earnings of USD 2.07 per share for 2025, following a quarterly revenue drop to CHF 17.80 billion.
Pierin Vincenz, the former CEO of Raiffeisenbank, has withdrawn his appeal to the Federal Supreme Court, leading to the reinstatement of a Zurich District Court ruling from April 2022. The High Court had previously overturned this ruling in January 2024, citing issues with the indictment's detail and translation for a non-German-speaking defendant. Vincenz was sentenced to 45 months in prison for fraud and bribery, alongside a co-defendant who received 48 months.
Long-serving Bank Council members Kurt Ebneter and Josef Koch will resign in June 2025. The Ethics Committee has proposed Barbara Ehrbar-Sutter and Maurus Fässler for election as their successors, with nominations approved by the Swiss Financial Market Supervisory Authority. The Grand Council will discuss the election in June 2025.
Pierin Vincenz, the former CEO of Raiffeisenbank, has withdrawn his appeal to the Federal Supreme Court, which had reinstated a Zurich District Court ruling from April 2022. The High Court had previously overturned the District Court's verdict, citing issues with the indictment's detail and translation for a non-German-speaking defendant. Vincenz was found guilty of fraud, qualified mismanagement, and passive bribery, receiving a 45-month prison sentence.
UBS shares fell by 3.1% to CHF 23.79 in morning trading, marking a significant decline from a 52-week high of CHF 32.88. The stock's daily turnover reached 1,097,671 shares, with a potential drop to the 52-week low of CHF 22.53 if losses continue. The company reported a decline in turnover of 4.90% to CHF 17.80 billion for the last quarter, with EPS at CHF 0.21, a recovery from the previous year's loss.
Analysts rated UBS Group shares in March '25, emphasizing that the information provided is for informational purposes only and does not constitute a recommendation to buy or sell. Investing in securities carries risks, including the potential total loss of capital. The content reflects the views of individual authors and does not represent the opinions of wallstreetONLINE, which assumes no liability for the accuracy or completeness of the information.
Pierin Vincenz, the former Raiffeisen bank CEO, has withdrawn his request for a review of a Federal Court ruling, allowing the appeal process to resume in Zurich. The Supreme Court had previously overturned a Zurich District Court verdict, citing issues with the indictment's detail and translation for a non-German-speaking defendant. Vincenz was sentenced to 45 months in prison for fraud and related charges.
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