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UBS shares showed minimal movement, trading at CHF 26.80, with a daily high of CHF 26.95 and a low of CHF 26.77. The stock is currently 18.95% above its 52-week low of CHF 22.53 and 22.69% below its 52-week high of CHF 32.88. UBS reported a profit of CHF 0.21 per share for the last quarter, despite a 4.90% drop in turnover to CHF 17.80 billion, and expects to present Q1 2025 results on April 30, 2025.
Sergio Ermotti, CEO of UBS, has been named Europe's highest-paid bank boss for 2024, earning CHF 14.9 million. He is one of only two executives in the industry to surpass CHF 10 million, with Andrea Orcel of Unicredit following closely. Notably, British banks were excluded from this ranking, and while Ermotti leads in Europe, US bank executives earn significantly more.
Barclays analysts see potential upside in Sandoz AG shares, believing tariff risks are largely priced in. Despite underperforming the European pharmaceutical sector, Sandoz's long-term growth is supported by its biosimilar pipeline, with a revised price target of CHF 46.50 per share. Upcoming product launches and strategic investments in manufacturing are expected to drive future growth, although challenges like price erosion in the generics market persist.
Sergio Ermotti, CEO of UBS, topped the list of Europe's bank executives with a remuneration of 14.9 million francs for 2024, significantly outpacing his peers. Despite investor criticism, both UBS and UniCredit defended their compensation packages, citing strong company performance and competitive talent markets. The rising profitability in the banking sector has led to increased bonuses across the industry, particularly in investment banking, while some CEOs, like those of Credit Agricole and ING, remain at the lower end of the pay scale due to less reliance on this sector.
Berner Kantonalbank AG has appointed Simon Wehrli as the new Head of IT. The Swiss financial institution provides a range of banking and financial services to private customers, small and medium-sized enterprises, and the public sector, with around 80 branches and mobile banking points across Switzerland.
Geneva Cantonal Bank (BCGE) plans a tenfold share split, increasing shares from 7.2 million to 72 million. Each shareholder will receive 10 shares with a nominal value of CHF 5 for every CHF 50 share, enhancing accessibility and liquidity. The Annual General Meeting is scheduled for April 29.
The new Globus department store on Marktplatz is nearing completion, featuring a five-story structure behind a historic façade, though its opening date remains uncertain. The building's cube on the roof partially obstructs the view of St. Martin's Church, prompting concerns about its impact on Basel's cityscape. The government asserts that the project complies with regulations and will enhance the area through greening efforts, funded by the cantonal value-added tax.
BC de Genève aims to democratize its shareholder base by focusing on small investors. Meanwhile, CSS reported a 60% profit increase to CHF 62.7 million for 2024, driven by strong supplementary insurance growth, despite a loss in basic insurance due to rising benefit costs. Burkhalter Group has acquired Mathieu Ingenieure, enhancing its presence in the Valais energy sector.
Sergio Ermotti, CEO of UBS, topped the list of Europe's highest-paid bank CEOs in 2024 with a total remuneration of CHF 14.9 million, significantly exceeding the average for the continent's largest banks. Unicredit's Andrea Orcel followed closely with €13.2 million, marking a 32% increase. Meanwhile, the remuneration of bank executives faces scrutiny amid ongoing integration efforts at UBS and disputes over future capitalization.
Zürcher Kantonalbank has launched its first sustainable equity ETFs, the "Swisscanto ESGeneration SDG ETFs," which provide access to Swiss, global, US, and Eurozone equity markets. These ETFs utilize a unique sustainability methodology focused on companies contributing positively to the United Nations' Sustainable Development Goals (SDGs). Trading will commence on April 2, 2025, with the stock exchange bell ringing at FINANZ'25 in Zurich, marking a historic moment for the Swiss financial center.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs shares show minimal movement amid mixed trading signals
12:37 02.04.2025
Sergio Ermotti named highest-paid banker in Europe for 2024
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12:05 02.04.2025
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Ing. A. Dielissen Bouwkundig werk
CREDIT AGRICOLE
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Sergio Ermotti
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