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Intesa Sanpaolo achieved a record net income of €8.7 billion for 2024, a 12% increase from 2023, enabling €6.1 billion in cash dividends and a proposed €2 billion share buyback. The bank anticipates net income exceeding €9 billion in 2025, driven by strong revenue growth and ongoing investments in technology and social impact initiatives.
Ubs reported a net profit exceeding $5 billion in 2024, boosted by the Credit Suisse acquisition, with revenues rising from $40.8 billion to $48.6 billion. The bank plans a 29% increase in dividends to $0.90 per share and a $3 billion share buyback program for 2025, despite facing challenges in wealth management inflows and a higher expense ratio. Analysts remain neutral, projecting modest earnings growth amid ongoing pressures.
UBS has maintained its "Buy" rating for Reckitt Benckiser, setting a target price of 7700 pence. Analyst Guillaume Delmas anticipates a solid start to the year for the consumer goods group, projecting organic sales growth of 1.2 percent, slightly below the consensus of 1.6 percent, with core business growth expected at 2.5 percent.
UBS has maintained a "Buy" rating for Continental, setting a target price of 80 euros. Analyst David Lesne expressed a positive outlook despite challenges, noting the company's confirmation of its goal to achieve operating breakeven in the automotive supply sector for the first quarter.
Banque Cantonale de Genève plans to split its shares on a one-for-ten basis, aiming to attract small investors. This move will reduce the nominal value of shares from CHF 50 to CHF 5, increasing the total number of shares to 72 million while maintaining a share capital of CHF 360 million. The proposal will be presented for approval at the end of April.
Banque Cantonale de Genève plans to propose a one-for-ten stock split at the end of April, reducing the nominal value of its shares from 50 to 5 Swiss francs. This move aims to enhance market accessibility for small investors and improve the negotiability of its registered shares. Following the split, the number of shares will increase to 72 million, while the bank's share capital remains unchanged at 360 million Swiss francs.
The Geneva Cantonal Bank (BCGE) is set to implement a 1:10 share split, increasing its 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, aimed at enhancing accessibility for small investors and boosting demand and liquidity. The Annual General Meeting is scheduled for April 29.
Generative AI is set to revolutionize the lending process in Switzerland, enhancing customer relationships, credit risk assessments, and operational efficiency. As international competitors leverage AI for faster, smarter services, Swiss banks must accelerate their adoption of these technologies to maintain their competitive edge and support the country's high home ownership rates. Embracing AI can lead to significant efficiency gains, improved credit decisions, and reduced operational costs, making it essential for Swiss institutions to act decisively in this evolving landscape.
Banque Raiffeisen reported a record net profit of 28.1 million euros for 2024, reflecting a slight recovery in Luxembourg's housing market and a 1.7% increase in interest margin. Despite strong growth in customer savings deposits, loan demand remains low, indicating ongoing economic caution among households. The bank plans to invest in technology and maintain its branch network while celebrating its 100th anniversary next year.
HSBC Holdings is set to see a dilution of its stake in Bank of Communications, although Mark Tucker has reaffirmed the bank's commitment to its shareholding. Year-to-date, HSBC has repurchased approximately 3.55 million shares for HKD 314 million. Tucker also indicated a strong dividend outlook, maintaining a payout ratio of 50% for this year.
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Intesa Sanpaolo reports record net income and raises 2025 guidance
18:24 02.04.2025
ubs reports five billion profit in 2024 with credit suisse acquisition
12:19 02.04.2025
ubs maintains buy rating for reckitt benckiser with target price of 7700 pence
09:34 02.04.2025
UBS maintains buy rating for Continental with target price of 80 euros
09:32 02.04.2025
BC de Genève plans one-for-ten share split to attract small investors
07:47 02.04.2025
banque cantonale de geneve proposes one-for-ten stock split to attract investors
07:41 02.04.2025
geneva cantonal bank announces 1 to 10 share split for accessibility
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generative ai revolutionizes lending processes in swiss banking sector
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Raiffeisen reports record profit amid slight recovery in Luxembourg housing market
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