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Deutsche Bank has issued a Buy rating for Tesla, Inc., which specializes in designing, building, and selling electric vehicles. The company's net sales are primarily derived from automotive vehicle sales (74.2%), with additional revenue from services (10.8%), energy systems (10.3%), automotive credits (2.8%), and leasing (1.9%). By the end of 2024, Tesla operates eight manufacturing sites across the U.S., China, and Germany, with net sales distributed as follows: 48.9% in the U.S., 21.4% in China, and 29.7% in other regions.
Huawei is set to report 2024 earnings of $118 billion, marking its highest revenue since 2020, driven by increased smartphone and AI server sales. Despite ongoing Western sanctions and efforts to remove its technology from communication networks, the company has successfully tapped into alternative markets, particularly in China. Meanwhile, an EU corruption scandal involving lobbying efforts to ease restrictions on Huawei's access to 5G networks is under investigation.
Intesa Sanpaolo's main shareholders have proposed the reappointment of CEO Carlo Messina and Chairman Gian Maria Gros-Pietro. The group, a leader in Italy with 13.9 million clients and over 3,000 branches, is committed to ESG initiatives and has a significant international presence with more than 900 branches across Central and Eastern Europe, the Middle East, and North Africa. Its operations are divided into six divisions, including retail banking, corporate investment, private banking, asset management, and insurance.
Raiffeisen Bank Romania reported a consolidated net profit of 1.686 billion lei ($365 million) for 2024, a slight decrease from 1.701 billion lei in 2023, attributed to rising operational costs and a new 2% banking tax. Operating income grew to 4.101 billion lei, while net interest income rose to 3.05 billion lei. The bank's total assets reached 82.878 billion lei, serving over 2.3 million clients through 272 units across Romania.
HSBC's profitability is heavily influenced by its diversified income streams, with structural hedging reducing its sensitivity to interest rate fluctuations. Despite a decline in net interest income growth, the bank maintains strong liquidity and solvency metrics, reporting a CET1 ratio of 14.9%. However, rising costs and potential trade wars pose challenges, prompting considerations of outsourcing trading operations as the bank navigates a shifting global economic landscape.
UBS is facing pressure from Swiss regulators to increase capital reserves, prompting discussions about potentially relocating its headquarters. While the bank emphasizes its commitment to remaining in Switzerland, experts suggest that alternatives like Singapore are limited, and a move may not be financially viable for 10 to 15 years. The ongoing uncertainty is impacting UBS's share price, which has underperformed compared to its peers.
UBS is advised to consider relocating from Switzerland as a contingency plan due to potential regulatory challenges. Analyst Stefan Stalmann suggests moving the option from "Plan D" to "Plan B," with New York identified as the most favorable destination. UBS may face a need for up to $30 billion in additional equity capital, and a shift away from its Swiss base could risk losing a significant portion of its $2.1 trillion in assets under management.
On April 2, President Trump is expected to implement significant reciprocal tariffs on 15-25 countries, potentially using Section 338 of the Tariff Act of 1930 or the International Emergency Economic Powers Act. These tariffs may target nations with large trade deficits with the U.S. and high trade barriers, including China, the EU, India, Canada, and Japan. Barclays anticipates that real negotiations will commence post-April 2, warning of prolonged trade tensions ahead.
UBS has maintained a "Buy" rating for RWE but reduced its price target from 46 to 42 euros, citing increased depreciation and financing costs. The analyst has also cut earnings forecasts for 2025-2028 by up to 10%. As of midday trading, RWE shares fell 0.5% to EUR 32.83, indicating a potential upside of 27.93% relative to the new target price.
Raiffeisen is solidifying its influence in Austria, particularly through its connections with the ÖVP and ongoing coalition negotiations. The recent hiring of Rupert Reif, a former spokesperson for key political figures, highlights the significant overlap between Raiffeisen's personnel and political circles, signaling a resurgence in its power dynamics.
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Deutsche Bank issues Buy rating for Tesla amid strong sales growth
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17:03 28.03.2025
huawei reports strong earnings recovery amid ongoing western sanctions
16:41 28.03.2025
Intesa Sanpaolo shareholders propose reappointment of CEO and chairman
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raiffeisen bank romania reports slight profit decline amid rising costs
16:34 28.03.2025
hsbc shares face uncertainty amid global challenges and mixed analyst outlook
16:13 28.03.2025
ubs considers leaving switzerland amid capital reserve demands and share price decline
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15:54 28.03.2025
ubs considers relocation as regulatory pressures mount in switzerland
15:42 28.03.2025
barclays predicts significant tariffs on multiple countries starting april 2
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15:39 28.03.2025
ubs maintains buy rating on rwe despite lowering price target to 42 euros
15:38 28.03.2025
Raiffeisen strengthens political ties with key personnel changes in Austria
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15:00 28.03.2025
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