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Thurgauer Kantonalbank reported a slight decline in profit to CHF 158 million, with a proposed dividend increase to CHF 3.40 per share. Operating income fell by 1.5% to CHF 420.3 million, but gross and net interest income rose, bolstered by a 5.9% increase in total lending volume to CHF 26.9 billion. The bank's strategy implementation remains on track, despite a rise in operating expenses.
Analysts have made several notable adjustments to their recommendations and price targets for various companies. Aedifica's target was raised to EUR 63 by Morgan Stanley, while BE Semiconductor Industries was upgraded to neutral by Nomura with a target of EUR 124. Carrefour saw mixed reviews, with price targets reduced by multiple firms, and Sanofi was downgraded by Zacks to underperform with a target of USD 46.
Basler Kantonalbank (BKB) reported a 10% increase in consolidated profit for 2024, reaching CHF 186.3 million, despite a slight decline in operating profit due to a challenging interest rate environment. The bank will distribute a total of CHF 4.50 per participation certificate, including a special dividend of CHF 1.25. Looking ahead, BKB aims to implement its "2026+" strategy under new CEO Regula Berger, amidst ongoing economic uncertainties.
Basler Kantonalbank (BKB) reported a net profit of CHF 172.9 million for the previous year, a 9.8% increase, despite a 1.6% decline in net interest income due to a challenging interest rate environment. Total revenues fell by 1.0% to 492.3 million, while commission income rose by 10.6%. The bank plans to distribute an ordinary dividend of CHF 3.25 and a special dividend of CHF 1.25 per share, marking its 125th anniversary.
Thurgauer Kantonalbank (TKB) reported a slight decline in profit for the 2024 financial year, with net profit at CHF 158 million, down from CHF 159 million. Despite this, the bank proposed a higher dividend of CHF 3.40 per share, reflecting confidence in its core mortgage business, which saw a CHF 1.4 billion increase in volume. Operating expenses rose by 3.4% due to strategic project implementations, while total customer assets under management grew by 4.1% to CHF 26.5 billion.
Thurgauer Kantonalbank (TKB) reported a slight decline in operating profit to CHF 218.8 million for the 2024 financial year, with a net profit of CHF 158 million, down from CHF 159 million. Despite this, the bank plans to increase its dividend to CHF 3.40 per share. The interest business showed growth, with net interest income rising by 1.5% to CHF 289.2 million, while total customer assets under management increased by 4.1% to CHF 26.5 billion.
Rio Tinto reported its smallest full-year underlying profit in five years at US$10.9 billion, citing lower iron ore prices and rising production costs, while maintaining a steady shipment forecast of up to 338 million tonnes for 2025. The company declared a total annual dividend of US$4.02 per share.Fortescue Metals Group experienced a 53% drop in first-half profit to US$1.6 billion and announced a reduced interim dividend of A$0.50 per share. Meanwhile, Pilbara Minerals recorded a first-half loss of A$69 million, with revenues down 44% to A$426 million, opting to withhold an interim dividend to strengthen its balance sheet.
Glarner Kantonalbank is reducing its dividend to CHF1.00, a 9.1% decrease from last year's CHF1.10, reflecting a payout ratio of 57%. Despite a history of stable dividends and a compound annual growth rate of 6.2% since 2015, the bank faces challenges with a projected 3.0% decline in earnings per share over the next year, raising concerns about future dividend growth sustainability.
UBS has raised its price target for Dillard's Inc. to $200 from $196 while maintaining a Sell rating. Currently trading at $499.34, Dillard's has seen a 52.84% return over the past six months, but analysts expect fourth-quarter sales to remain down year-over-year due to competitive pressures. Despite strong financial health, the company faces gross margin challenges and is not expected to provide guidance for fiscal year 2025.
UBS has initiated coverage on LG Uplus Corp, assigning a Neutral rating with a target price of KRW11,000, citing low return on equity and limited AI visibility compared to competitors. The stock is trading at 2.8 times its 2026 expected EV/EBITDA, reflecting fair valuation amid potential upsides from share buybacks. However, risks include weaker operating profit growth and sustained low ROE, which could negatively impact future performance.
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Thurgauer Kantonalbank reports stable profits and increases dividend amid strategy progress
08:38 20.02.2025
analysts update recommendations and price targets for key european stocks
British Pound Sterling
Swiss Franc
Euro
Swedish Krona
United States Dollar
BP plc
Carrefour 14
Soitec
KBC Groupe
UBS GROUP B.V.
Straumann Holding SA
Marimekko Oy
Aedificas
Inventiva SA
Karnov Group AB
Gecina
BE Semiconductor Industries N.V.
Hermes International
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08:37 20.02.2025
Basler Kantonalbank reports profit growth and announces special dividend for 2024
07:51 20.02.2025
Basler Kantonalbank reports lower revenue but higher net profit in 2024
07:32 20.02.2025
Thurgauer Kantonalbank reports stable profits and proposes higher dividend
07:23 20.02.2025
Thurgauer Kantonalbank reports stable profits and increases dividend for 2024
07:21 20.02.2025
mining giants report mixed financial results amid market challenges
05:59 20.02.2025
Glarner Kantonalbank Cuts Dividend to CHF1.00 Amid Earnings Decline
05:30 20.02.2025
ubs raises dillard's stock target to 200 while maintaining sell rating
16:12 19.02.2025
ubs assigns neutral rating to lg uplus with target price of krw11000
12:18 19.02.2025
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