{ }
Authorities, including the Swiss National Bank and the Competition Commission, convened to discuss the competitive implications of UBS's merger with Credit Suisse, addressing public complaints and market observations. Despite concerns over UBS's dominant market position, FINMA waived competition law requirements for the merger. Following the discussions, UBS shares rose by 0.77% to 28.19 Swiss francs.
UBS Group AG reached a new 52-week high of $32.68, with analysts maintaining a "Hold" rating. Recent reports show mixed ratings, with four analysts holding and two giving a buy rating. The company reported a quarterly EPS of $0.34, exceeding estimates, and has a market cap of $105.14 billion.
The UBS ETF - MSCI World Socially Responsible ETF A experienced a rise of 0.41%, reaching EUR 0.64 in STU trading. The fund hit a daily high of EUR 155.94, up from an opening of EUR 154.46, with a trading volume of 35,967 shares. On October 17, 2024, it achieved a 52-week high of EUR 155.94.
John Hardin has joined UBS Private Wealth Management in Miami as a Financial Advisor, accompanied by Senior Wealth Strategy Associate Katelyn O’Hara. Both professionals bring extensive experience in serving ultra-high net worth clients, with Hardin holding a CFA designation and an MBA from NYU, while O’Hara also holds a CFA and a degree from University College Dublin. They will be part of the Integra Partners team, which has successfully grown its practice to oversee over $7.2 billion in client assets.
UBS shares rose 0.9% to CHF 28.22, with a peak at CHF 28.42, contributing positively to the SMI index. The stock is currently 35.15% above its 52-week low of CHF 20.88 and has a potential upside of 1.98% from its 52-week high of CHF 28.78. The company reported a 38.06% increase in turnover to CHF 19.76 billion, with earnings per share of CHF 0.32 for the last quarter.
UBS has maintained a "Neutral" rating for Nestlé shares with a price target of 91 francs, citing an expected decline in operating margin for 2025 and a revised outlook for 2024 that may lower consensus earnings estimates. Despite a 3.3% increase in share price, Nestlé has seen an 8.3% drop since the start of 2024, with Q4 2024 results set to be announced on February 13, 2025.
Nestlé S.A., the world's leading food group, generates sales across various product families, including powdered and liquid beverages (26.7%), pet food (20.3%), and pharmaceutical, nutrition, and wellness products (16.4%). The company also offers prepared dishes and seasonings (12.5%), dairy products and ice creams (11.8%), chocolates and confectionery (8.7%), and packaged waters (3.6%). Geographically, sales are concentrated in the United States and Canada (35%), followed by Asia and Oceania (21.4%) and Latin America (13.7%).
UBS has rated Nestlé S.A. as 'Neutral' with a target price of 91 francs. As the largest food group globally, Nestlé's sales are diversified across various sectors, including beverages (26.7%), pet food (20.3%), and pharmaceuticals (16.4%), with significant market presence in the USA and Canada (35%).
UBS has maintained a "Neutral" rating for Nokia with a target price of 3.55 euros following the company's third-quarter results, which fell short of sales expectations. Analyst Francois-Xavier Bouvignies noted that while the operating result met forecasts due to a favorable product mix and cost-cutting, the company's annual targets appear more pessimistic, suggesting a slight decline in consensus estimates for the operating result.
UBS has maintained a "Neutral" rating on Nestlé with a price target of 91 francs following the analysts' conference on quarterly figures. The company anticipates a further decline in operating margin for 2025, which, along with a revised outlook for 2024, is expected to lower consensus earnings estimates. Nestlé has not reiterated its growth forecast for organic sales but aims to outpace industry growth.
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.