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Raiffeisen Bank International (RBI) shares are currently priced at EUR 26.29, reflecting a slight decline of 0.60% from the previous day. Despite this, the stock has shown month-on-month growth of 2.77% and an impressive annual increase of 38.64%. With a market capitalization of €8.7 billion, RBI maintains a favorable valuation, indicated by a price/earnings ratio of 7.47 and a price/sales ratio of 0.97, while operating across 13 markets in Central and Eastern Europe.
UBS shares rose 0.8% to CHF 29.53 in early trading, remaining 10.19% below their 52-week high of CHF 32.88 and 31.07% above the low of CHF 22.53. The company reported a significant sales decline of 45.47% year-over-year, with recent turnover at CHF 10.21 billion. Analysts estimate earnings per share of USD 2.09 for 2025, with the next balance sheet presentation scheduled for April 30, 2025.
Bank of America (NYSE:BAC) reported a quarterly EPS of $0.82, surpassing estimates, with a revenue of $25.30 billion, up 15% year-over-year. The company announced a quarterly dividend of $0.26, yielding 2.51%, and has a Moderate Buy rating from analysts, with a price target averaging $48.64. Recent institutional investments have increased, with hedge funds owning 70.71% of the stock.
UBS CEO Sergio Ermotti earned CHF 14.9 million in 2024, a figure deemed high in absolute terms but moderate compared to U.S. counterparts. The shrinking job market for bankers, exacerbated by the Credit Suisse merger and AI advancements, raises concerns about the future of banking careers. Experts suggest Ermotti's lower salary this year may reflect political considerations amid calls for capping bank executive pay.
The board vacancies at PSU banks have reached a concerning 42%, raising questions about the urgent need for attention to governance and leadership within these institutions. This significant gap could impact decision-making and overall stability in the banking sector. Immediate action is essential to address these vacancies and ensure effective management.
Bank of America Corp. ($BAC) has shown a buying opportunity following a 5-wave impulse rally from August 2024 to January 2025. A subsequent pullback was anticipated, with support found between $41.79 and $38.58, leading to a bounce, suggesting traders should prepare for risk-free positions while monitoring for corrective pullbacks.
President Trump has nominated Michelle Bowman as the Federal Reserve's vice-chair for supervision, aiming for a more industry-friendly regulatory approach. Meanwhile, UBS has delayed its net zero target from 2025 to 2035 due to an expanded corporate real estate portfolio after acquiring Credit Suisse. Close Brothers reported a £104 million loss linked to a car finance scandal, while Santander plans to expand its US presence through a partnership with Verizon, offering bill credits for new high-yield savings accounts.
Lloyds Banking Group CEO Charlie Nunn stated that the ongoing legal and regulatory scrutiny regarding motor finance commissions will not disrupt the bank's transformation plan. The bank has set aside £1.15 billion to address potential customer redress linked to a review of car loan mis-selling, following a Court of Appeal ruling on commission payments. Analysts predict the total compensation costs for the sector could reach £16 billion, marking it as the most significant consumer banking scandal in Britain since the payment protection insurance issue.
Piper Sandler lowered its price target for Bank of America from $50 to $49, maintaining a "neutral" rating, while Barclays raised its target from $53 to $58 with an "overweight" rating. Oppenheimer and Truist Financial also increased their targets, with Oppenheimer setting it at $55 and Truist at $53, both giving "outperform" and "buy" ratings, respectively. The consensus rating for Bank of America is "Moderate Buy," with an average target price of $48.64, as various analysts weigh in on the stock's performance.
HSBC and Baird R W have upgraded Bank of America to "strong-buy," with price targets set at $50.00. The company has a consensus rating of "Moderate Buy" and a target price of $48.64, while institutional investors continue to increase their stakes. Bank of America recently reported a quarterly EPS of $0.82, exceeding estimates, and announced a dividend of $0.26 per share.
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