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Glarner Kantonalbank (GLKB) has demonstrated stable performance amid economic challenges, with a slight share price increase of 0.67% over the past month, reflecting investor confidence. The bank's attractive dividend policy is highlighted by an expected EUR 1.10 per share for 2024, yielding 4.90%, appealing to income-focused investors. Recent analyses suggest shareholders may need to consider their positions carefully.
Manuel Rybach will assume the role of managing director at the Association of Swiss Asset and Wealth Management Banks (VAV) starting January 1. He will maintain his position as chief corporate affairs officer at EFG International, overseeing public policy and corporate sustainability. Rybach has extensive experience from his tenure at Credit Suisse, where he served as global head of public policy and regulatory affairs.
VP Bank in Liechtenstein faces enforcement proceedings from FINMA for serious regulatory violations, leading to CEO Paul Arni's immediate resignation, which he denies is related. The bank, which has cooperated with the regulator, plans to appeal the ruling, citing a settled client relationship from 2020. Amidst these challenges, VP Bank is undergoing a cost-cutting program and has seen changes in its Board of Directors.
The SMI closed lower, with Sika experiencing a significant decline and oil prices rising. VAT shares, after a strong performance last year, have struggled due to disappointing half-year results and economic concerns, returning to early-year levels. Experts suggest that a recovery in the semiconductor market is still distant, with potential opportunities in AI, but no immediate upward movement is anticipated.
The Swiss stock market opened lower on Thursday, influenced by a slowdown in consumer price inflation, which rose by 0.8% year-on-year in September. The leading SMI index fell by 0.20%, with 25 of the 30 major stocks declining, while Sandoz, Novartis, and Givaudan were among the few gainers. Analysts anticipate a potential rate cut by the Swiss National Bank in December 2024 due to declining inflation forecasts.
Switzerland's inflation rate dropped to 0.8% in September, prompting expectations for further interest rate cuts by the Swiss National Bank (SNB). The decline in prices, influenced by cheaper package tours, airline tickets, and lower energy costs, suggests a potential key interest rate of 0% if disinflation continues. The strong Swiss franc remains a significant factor in the SNB's monetary policy decisions.
Inflation in Switzerland slowed to 0.8% year-on-year in September, down from 1.1% in August, driven by a significant drop in tariffs for imported goods. The consumer price index fell by 0.3% month-on-month, raising concerns about potential deflation as local product prices rose and housing rents continued to increase. The Swiss National Bank has lowered its key rate to 1% and indicated that further monetary easing may be necessary amid geopolitical tensions and a strong franc.
Berner Kantonalbank (BEKB) experienced a slight share price decline of 0.21%, closing at EUR 243.00 on October 3, 2024, yet remains 2.26% above its 52-week low. The bank's market capitalization stands at EUR 2.3 billion, with an attractive dividend yield of 4.12% expected for 2024, highlighting its shareholder-friendly approach. A recent analysis suggests shareholders may need to consider their options regarding buying or selling the stock.
Banque Cantonale du Jura offers insights into the differences between linked 3rd pillar options in banking and insurance. This month, Chloé provides guidance to help individuals choose the solution that best fits their needs. For more information, appointments can be made through their social networks or website.
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