{
}
Deutsche Bank reported a profit before tax of EUR 583 million for the fourth quarter. This financial performance highlights the bank's resilience in a challenging economic environment. The results reflect ongoing efforts to strengthen its operations and profitability.
Kantonalbank SZ reported a profit of 88.3 million francs for 2024, a 10.1% decline, marking the second-best result in its history. Operating profit fell by 20% to 152.3 million francs, primarily due to higher interest expenses and a drop in net income from the central interest business. Looking ahead, the bank anticipates a solid business performance in 2025, despite expected lower gross interest income and increased operating expenses.
Schwyzer Kantonalbank reported its second-best result in 130 years for 2024, with net operating income at CHF 152.3 million, down 20.3% from the previous year. While commission and trading revenues increased, a significant drop in net interest income and rising operating expenses due to IT investments impacted overall performance. The canton of Schwyz will receive CHF 57.3 million, slightly below last year but above the long-term average.
Roche Holding AG reported a 3% increase in sales for 2024, reaching CHF 60.5 billion, slightly below expectations. The diagnostics segment declined by 1%, while the pharma division grew by 4%, driven by a 68% surge in sales of the eye medicine Vabysmo. The company anticipates mid-single-digit sales growth and high single-digit earnings growth for 2025, with a planned dividend increase.
Deutsche Bank's Q4 earnings fell short of expectations, reporting a net profit of €304 million against a forecast of €535 million, leading to a 4% drop in shares. Higher costs, including €659 million in litigation charges, and restructuring expenses contributed to the shortfall, despite a strong performance in the investment banking division. The bank announced a €750 million share buyback and proposed a €0.68 per share dividend, while reaffirming its commitment to a total capital return target of over €8 billion for 2021-2025.
Apple Inc. reported quarterly revenue of $94.93 billion, surpassing expectations, with a year-over-year increase of 6.1%. Analysts project earnings per share of 7.43 for the current year, while stock ratings vary, with a consensus rating of "Moderate Buy" and a price target of $238.05. Institutional investors hold 67.73% of the stock, reflecting strong interest despite mixed analyst opinions.
UBS has maintained a "Sell" rating for Tesla, setting a price target of $226. Analyst Joseph Spak noted that the company's fourth-quarter results were disappointing, with car business margins significantly weaker than anticipated, contrasting with previous growth projections of 20 to 30 percent.
UBS has maintained a "Buy" rating for Meta, setting a price target of $736, despite a disappointing revenue outlook for the first quarter. Analyst Stephen Ju noted that the company's revenue signals were weaker than expected, and the cost outlook for the year was higher than anticipated.
UBS has maintained a "Buy" rating for Meta, setting a price target of $736, despite a disappointing revenue outlook for the first quarter and higher-than-expected costs for the year. Analyst Stephen Ju noted that the Facebook group's revenue signals were weaker than anticipated.
BNP Paribas is set to announce its quarterly earnings on February 6, with analysts predicting earnings of $0.96 per share and revenue of $11.68 billion. In its last report on October 31, the company missed estimates with earnings of $1.31 per share and revenue of $13.12 billion. Despite a "Strong Buy" rating, top analysts suggest other stocks may offer better investment opportunities.
Financial Scams and Security
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Deutsche Bank reports fourth quarter profit before tax of 583 million euros
12:10 30.01.2025
Kantonalbank SZ reports second-best profit despite significant decline in 2024
11:38 30.01.2025
schwyzer kantonalbank reports second best results despite declining interest income
11:38 30.01.2025
Roche reports modest sales growth and positive earnings outlook for 2025
11:37 30.01.2025
deutsche bank reports disappointing q4 earnings amid rising costs and litigation
10:11 30.01.2025
apple reports strong quarterly revenue amid mixed analyst ratings and forecasts
09:13 30.01.2025
UBS maintains sell rating on Tesla with target price of 226 dollars
09:05 30.01.2025
ubs maintains buy rating for meta with target price of 736 dollars
09:05 30.01.2025
UBS maintains buy rating for Meta with target price of 736 dollars
09:05 30.01.2025
bnp paribas set to announce quarterly earnings with analysts expecting mixed results
08:35 30.01.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Banking Regulations
Industry Mergers & Acquisitions
AI Innovations
Global Trade Developments
Startups & Entrepreneurship
Market Analysis and Predictions
Supply Chain Management
Central Bank Actions
CEO Changes
Government Economic Policies
Funding Rounds & Investments
Energy Sector Developments
AI & Automation Regulations
Workplace Trends
Countries:
Companies:
NVIDIA Corporation
Huawei Technologies CO. Ltd.
The Goldman Sachs Group, Inc.
Wells Fargo & Company
Barclays PLC
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Erste Group Bank AG
Microsoft Corporation
Amazon.com, Inc.
Citigroup Inc.
Morgan Stanley
BNP Paribas SA
JPMorgan Chase & Co.
HSBC Holdings plc
UBS Group AG
DEUTSCHE TELEKOM
Banco Santander, S.A.
HSBC HOLDINGS
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Indian Rupee
Chinese Yuan
Saudi Riyal
Canadian Dollar
Japanese Yen
Swedish Krona
Russian Ruble
Polish Złoty
United Arab Emirates Dirham
South Korean Won
Hong Kong Dollar
New Taiwan Dollar
Armenian Dram
Norwegian Krone
Australian Dollar
Offshore Chinese Yuan
People: