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UBS has raised its price target for Swedbank to SEK 264 from SEK 246, maintaining a Buy rating. Swedbank operates primarily in retail banking, generating 80% of its revenues, with significant operations in Sweden and the Baltic States, while also engaging in investment and asset management activities. As of the end of 2023, the Group managed SEK 1,230.4 billion in deposits and SEK 1,782 billion in loans, with a network of 408 branches.
Danske Bank has raised its target price for Swedbank to SEK 260 from SEK 235, maintaining a hold rating. Swedbank operates primarily in retail banking, generating 80% of its income, with significant operations in Sweden and the Baltic States, while also engaging in investment and financial services. As of the end of 2023, the group managed SEK 1,230.4 billion in deposits and SEK 1,782 billion in loans, with a network of 408 branches.
Nordea has reduced its target price for Evolution AB from SEK 1,310 to SEK 1,080 while maintaining a Buy rating. Evolution specializes in developing, publishing, and marketing live casino games, operating 20 production studios across various countries, with a significant portion of net sales coming from Malta (73.4%).
Deutsche Bank Aktiengesellschaft has received a "Moderate Buy" rating, but top analysts recommend five other stocks as better investment opportunities. Assenagon Asset Management increased its stake by 31.7%, while other institutional investors also adjusted their holdings. The stock is currently trading at $19.46, with a 12-month range of $12.43 to $19.65.
A pro-Russian hacker group, NoName057(16), has claimed responsibility for recent DDoS attacks on Swiss banks and municipalities, including the Zürcher Kantonalbank and Vaud Cantonal Bank. These politically motivated attacks aim to challenge the resilience of Swiss internet infrastructure in response to the country's support for Ukraine. The group, active since 2022, targets nations they view as hostile to Russia, employing mass request overloads to disrupt access without causing data loss.
In 2024, the crypto industry saw significant developments, with Pudgy Penguins achieving remarkable growth and expanding into mainstream retail. Leaders like Gracy Chen of Bitget and Brian Armstrong of Coinbase actively shaped regulations and market strategies, while initiatives like SheFi aimed to enhance female representation in Web3. Edward Snowden emphasized the importance of privacy rights amid rising AI and crypto adoption, urging independent voting in the upcoming U.S. presidential elections.
TX Group's investment in the now-insolvent Lykke crypto exchange has turned into a complete loss, with the publishing house's 2 million franc stake in Lykke Coins written off entirely. Despite still holding the worthless tokens, TX Ventures no longer lists Lykke as a portfolio company, as it only holds tokens and not shares. The situation worsened for Lykke after a significant cyber attack in 2022, leading to a loss of 22 million francs in cryptocurrency assets.
OpenAI has launched a new $200 monthly subscription for its ChatGPT Pro, providing unlimited access to its advanced AI models, including an enhanced reasoning model. This upgrade aims to improve performance in complex tasks like math and coding, addressing the high costs of developing cutting-edge AI. The company also continues to offer a more affordable $20 ChatGPT Plus subscription.
Banque Heritage is expanding its private banking teams in Geneva and Zurich, hiring three experts: Ksenija Benaroche, Marija Sarenac, and Clara Bulgheroni, each with extensive experience in wealth management. The independent Swiss bank, rooted in commodities trading, offers a range of services including private banking, asset management, and family office services.
Banque Heritage has expanded its Private Banking teams in Geneva and Zurich with the addition of three experts: Ksenija Benaroche, Marija Sarenac, and Clara Bulgheroni, each bringing extensive experience in wealth management and client relations. The independent Swiss bank, rooted in commodity trading, offers a range of services including asset management and family office solutions.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs raises swedbank price target to 264 sek maintains buy rating
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10:38 24.01.2025
Danske Bank raises Swedbank target price to 260 SEK maintaining hold rating
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09:06 24.01.2025
Nordea reduces target price for Evolution while maintaining buy recommendation
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08:35 24.01.2025
deutsche bank stock analysis and investment outlook for 2023
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09:20 23.01.2025
pro-russian hacker group targets swiss banks and municipalities in cyber attack
09:17 21.01.2025
crypto industry leaders make strides amid regulatory challenges and market growth
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17:01 24.12.2024
tx group faces losses from investment in now insolvent crypto exchange lykke
07:05 12.12.2024
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banque heritage expands private banking teams in geneva and zurich
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13:09 05.12.2024
Banque Heritage Expands Private Banking Teams in Geneva and Zurich
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13:09 05.12.2024
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