{ }
UBS has raised its target price for DNB to 207 Norwegian kroner, maintaining a 'sell' rating. DNB Bank ASA, Norway's leading financial group, derives 61.7% of its revenue from corporate banking, 35.2% from retail banking, and 3.1% from other services. As of the end of 2023, the group reported NOK 1,422.9 billion in current deposits and NOK 1,997.4 billion in current credits.
UBS has increased its target price for DNB to 207 NOK from 197 NOK while maintaining a sell position. DNB Bank ASA, Norway's leading financial group, generates net banking income primarily from investment banking (61.7%) and retail banking (35.2%). As of the end of 2023, the group reported 1,422.9 billion NOK in deposits and 1,997.4 billion NOK in loans outstanding.
Tokyo Metro's shares surged 45% in a remarkable market debut, raising 348.6 billion yen ($2.3 billion) and marking Japan's largest IPO in six years. Meanwhile, Starbucks suspended its 2025 guidance amid declining sales for the third consecutive quarter, and Tupperware agreed to a lender takeover, abandoning plans for an asset auction. Norway’s sovereign wealth fund reported a third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).
U.S. markets showed mixed results, with the S&P 500 and Dow slightly down while the Nasdaq rose 0.18%. Global inflation is projected to decrease, but growth remains modest at 3.2% for 2024-2025. General Motors surged nearly 10% after exceeding earnings expectations, while Norway's sovereign wealth fund reported a $76 billion profit. As the U.S. presidential election approaches, market dynamics may shift, prompting investors to be selective in stock trading.
Norway's sovereign wealth fund reported a third-quarter profit of 835 billion kroner ($76.3 billion), driven by a stock market surge due to falling interest rates. The fund's value reached 18.870 trillion kroner, with a 4.4% overall return, slightly below its benchmark. Despite positive returns across investment areas, heightened global risks were noted amid a shifting geopolitical landscape.
Norway’s largest lender, DNB Bank ASA, reported a 2.6% increase in net interest income for the third quarter, reaching 16.13 billion Norwegian kroner ($1.5 billion), surpassing analysts' expectations of 15.87 billion kroner. This growth was driven by rising loan demand across all customer segments.
UBS has reiterated a positive stock rating for Nordea Bank Abp, which operates across four main business areas: personal banking (38.9% of income), business banking (29.2%), institutional banking and large enterprises (20.2%), and asset and wealth management (11.7%). Geographically, the bank's income distribution is as follows: Finland (24.9%), Sweden (27.3%), Denmark (26.5%), Norway (17.5%), and other regions (3.8%).
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

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.