{ }
Ubs has sold its 50 percent stake in Swisscard to American Express, making the latter the sole owner of the credit card company. This divestment aligns with Ubs' strategic priorities, as it transitions Credit Suisse customers to its own credit card platform, with new cards expected to be issued in 2025.
UBS has reduced its price target for Brenntag from 85 to 80 euros while maintaining a "Buy" rating. Analyst Rory McKenzie noted a lack of near-term growth signs in the industrial and business services sector and has significantly revised his estimates for the chemicals trader. Despite this, the shares remain comparatively undervalued.
UBS is enhancing the precision of its ESG product descriptions to mitigate investor scrutiny and avoid accusations of greenwashing. Legal recommendations include renaming "debt-for-nature swaps" to "Country Debt Conversion With Associated Sustainable Development Goal Funding" for clarity. The bank is also adapting to new EU regulations, emphasizing the need for detailed explanations of sustainability impacts.
UBS has maintained a "Sell" rating for Volvo B, setting a target price of 263 Swedish kronor following disappointing third-quarter results that fell short of expectations. Analyst Hemal Bhundia highlighted the overall underperformance in a report released on October 18, 2024.
Roman Boutellier has been appointed as the new President of the Bank Council of Appenzeller Kantonalbank, succeeding Hanspeter Koller after 12 years. Boutellier, a professor at ETH Zurich, aims to enhance customer confidence and will work alongside Eveline Inauen and Roland Waibel, who have also joined the council.
American Express will acquire UBS's 50% stake in Swisscard, making it the sole owner. The transaction's timing is yet to be announced, but Swisscard will continue issuing cards under American Express, Mastercard, and Visa licenses, with no immediate impact on cardholders or partners. UBS will transition Credit Suisse-branded cardholders to new cards starting in the first half of 2025.
American Express will acquire UBS's 50% stake in Swisscard, making it the sole owner. The transaction's timing is yet to be announced, but Swisscard will continue issuing cards under American Express, Mastercard, and Visa licenses, with no immediate impact on cardholders. UBS will transition Credit Suisse-branded cardholders to new cards starting in the first half of 2025.
Ten years ago, Glarner Kantonalbank shares were priced at CHF 17.30. An investment of CHF 10,000 would have yielded 578,035 shares, now valued at CHF 12,601.16, reflecting a 26.01% increase, with the current share price at CHF 21.80. The bank's market capitalization stands at CHF 293.99 million.
Five years ago, UBS shares were priced at CHF 11.45. An investment of CHF 1,000 would have yielded 87,374 shares, now valued at CHF 2,486.68, reflecting a performance increase of +148.67%. UBS currently holds a market capitalization of CHF 91.04 billion.
Five years ago, UBS shares were priced at CHF 11.45. An investment of CHF 1,000 would have yielded 87.374 shares, now valued at CHF 2,486.68, reflecting a 148.67% increase, with UBS's market capitalization at CHF 91.04 billion as of October 18, 2024.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.