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Ten years ago, Raiffeisen shares closed at EUR 11.88, and an investment of EUR 10,000 would have yielded 841,751 shares. As of December 19, 2024, these shares are valued at EUR 16,489.90, reflecting a 64.90% increase in value, with the company’s market valuation at EUR 6.43 billion.
Investors who put EUR 10,000 into Raiffeisen shares a decade ago would now hold 841,751 shares, valued at EUR 16,489.90, reflecting a 64.90% increase. The market capitalization of Raiffeisen stands at EUR 6.43 billion, with the share price at EUR 19.59 as of December 19, 2024.
UBS has reduced its price target for Nike from $80 to $73 while maintaining a "Neutral" rating. Analyst Jay Sole highlights ongoing risks, citing underestimations in the time and costs required to normalize inventory levels and a slower-than-expected product pipeline.
UBS shares have experienced a notable decline, currently priced at CHF 26.73, reflecting a 5.73% loss over the month and a slight drop of 0.18% from the previous day. Despite this, the financial services giant remains a leading European bank with a market capitalization of €99.8 billion, trading 11.05% below its 52-week high but 22.39% above its low. Recent analyses indicate a pressing need for action among shareholders regarding their investment decisions.
UBS has upgraded FedEx to a 'Buy' rating with a target price of $311, citing the anticipated spin-off of its freight business, which is expected to unlock significant value through a higher independent valuation. The lowered earnings hurdle for 2025 is also seen as beneficial for the stock.
A Geneva trader, Niels Troost, has been sanctioned by the EU for his involvement in Russian crude oil transactions through a Dubai subsidiary of Paramount Energy & Commodities SA, with asset freezes imposed. Troost, who denies the allegations, was previously sanctioned by the UK in February. In other news, negotiations between Switzerland and the EU are expected to conclude today, while ETH Zurich has fired professor Thomas Crowther following allegations of inappropriate behavior. Additionally, a report on the Credit Suisse crisis is set to be presented by the Parliamentary Commission of Inquiry.
Asian shares fell to a three-month low as investors awaited crucial U.S. inflation data, with the dollar reaching a two-year peak. The Bank of Japan's dovish stance and steady lending rates contributed to the yen's decline, while U.S. Treasury yields surged, reflecting market concerns over economic policy and geopolitical uncertainty.
The SEC has approved the first hybrid Bitcoin-Ethereum ETFs, allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, respectively. Each fund will hold approximately 80% Bitcoin and 20% Ethereum based on market capitalizations. Grayscale has also filed to convert its Solana Trust into an ETF, aiming to enhance investor access.
CCounselors, a strategy consulting firm operating in Switzerland and Germany, is expanding its partnership with the addition of communications experts Katrin Nesemann and Patrizia Ribaudo, effective January 2025. Nesemann brings 30 years of experience in communications and change processes, while Ribaudo contributes 20 years of expertise from her roles in financial journalism and corporate communications.
CCounselors, a consultancy based in Düsseldorf and Zurich, is expanding its partnership with the addition of two banking experts, Katrin Nesemann and Patrizia Ribaudo, starting January 2025. Nesemann brings extensive experience in strategic communication, having held senior roles in various organizations, while Ribaudo, a former financial journalist, has two decades of expertise in corporate communication within the financial sector.
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