{ }
UBS launched its "House of Craft" initiative in New York, celebrating craftsmanship in the watchmaking industry amid its integration of Credit Suisse. The three-day event featured discussions with industry leaders and celebrities, aiming to enhance the bank's brand identity and connect with potential clients. The campaign, part of a broader strategy to redefine UBS's image post-acquisition, emphasizes the art of banking as a craft, aligning with the bank's Swiss heritage and commitment to excellence.
UBS shares traded at CHF 28.18, matching the previous day's close, with a daily high of CHF 28.46 and a low of CHF 28.12. The stock is currently 2.13% above its 52-week high of CHF 28.78, while the lowest point in the past year was CHF 20.88. UBS reported a quarterly sales increase of 38.06% to CHF 19.76 billion, with EPS at CHF 0.32, and analysts forecast a dividend of USD 0.823 for 2024.
UBS has increased its price target for Nordea Bank Abp from 143 to 144 Swedish kronor while maintaining a "Buy" rating. The adjustment follows the bank's quarterly performance, which met expectations, and reflects moderately higher medium-term estimates, indicating the stock remains attractively valued.
The American Swiss Foundation hosted its Fall Luncheon at the New York Stock Exchange, featuring a fireside chat with Sergio P. Ermotti, CEO of UBS Group AG, and Robert J. Giuffra, Jr. The discussion highlighted the strong economic ties between Switzerland and the U.S., emphasizing collaboration for mutual prosperity. The event gathered nearly 200 guests, including business leaders and elected officials, showcasing the importance of Swiss-American relations.
Basel III, the final regulatory response to the 2007-2008 financial crisis, will be implemented in Switzerland starting January 2025, despite facing criticism. UBS is required to increase its risk-weighted assets by $25 billion, while other global financial centers have delayed their implementation.
Berner Kantonalbank (BEKB) is demonstrating resilience in a tough market, with shares trading at EUR 248.00, up 0.20% from the previous day and 1.85% over the past month. The bank plans a dividend of EUR 10.00 per share for 2024, offering a dividend yield of 4.13%, appealing to income-focused investors. Recent analyses suggest shareholders may need to consider their positions carefully.
Samih Sawiris faces opposition in Uri as residents prepare to vote on the "Isleten for all" initiative, aimed at halting his proposed tourism complex on the Isleten peninsula. Critics label the project a luxury resort for the wealthy, while Sawiris defends it as a publicly accessible development that complies with environmental regulations. The referendum on November 24 will determine the project's fate amidst a heated campaign from both sides.
Radicant Bank plans to merge with Zurich fintech Numarics, backed by UBS, to enhance its banking and investment services for private and corporate clients. The merger, pending regulatory approval, aims to simplify administration and expand offerings, with BLKB becoming the majority shareholder. Anton Stadelmann will lead the new company, headquartered in Liestal, as CEO.
Gold prices have surged to a record high, reaching $2,706 per troy ounce, with analysts at UBS predicting a rise to $2,900 by September 2025. This increase is driven by falling interest rates, strong central bank purchases, and ongoing demand for safe investments amid global uncertainties. Political factors and monetary easing from central banks, including the European Central Bank's recent rate cuts, are expected to further support gold prices in the coming weeks.
UBS shares rose 0.5% to CHF 28.32 at midday, with a peak of CHF 28.46 during trading. The stock has seen a significant recovery from a 52-week low of CHF 20.88, and shareholders received a dividend of CHF 0.640 in 2023, with expectations of USD 0.823 for the coming year. The company reported a 38.06% increase in sales to CHF 19.76 billion for the quarter ending June 30, 2024, with earnings per share of CHF 0.32.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

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.