{
}
Corebridge Financial's stock has declined following UBS's downgrade to "sell" and a reduction in its sales forecast. BOURSORAMA, acting solely as a distribution channel, emphasizes that the analysis reflects the authors' opinions and does not represent its views or carry any contractual value.
Investors are advised to reconsider their Apple investments, as the stock is now significantly more expensive than in 2016, with limited growth prospects compared to other tech companies. Despite being a major holding for Berkshire Hathaway, Apple is lagging in AI advancements and its revenue growth has plateaued. Analysts suggest exploring alternative stocks that may offer better returns.
The S&P 500 is currently testing support levels, with key downward objectives at 5400/5390 and 5300 points. A brief bounce is noted, but the index must overcome the recent pivot high and the 200-DMA near 5780/5800 to avoid further declines. Below 5500 points, further declines are anticipated.
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.
At the end of March, the market capitalization of Vienna-listed companies reached approximately EUR 141 billion, buoyed by a German economic stimulus and optimism regarding the war's resolution. The Austrian leading index surpassed 10,000 points for the first time, indicating potential for further growth.Kathrein Privatbank achieved top honors at the Mountain View Fund Awards, while Palfinger is considering selling treasury shares to fund expansion, particularly in North America. Austriacard is focusing on growth through geographical expansion and acquisitions, maintaining a strong market position in Europe and North America.
Brokerage Kepler Chevreux has downgraded BNP Paribas to "reduce" from "hold" and Société Générale to "hold" from "buy," citing concerns over BNP's uninspiring 2026 targets and short-term challenges in transforming its retail business. Despite SocGen's stock rising over 50% YTD, Kepler notes it lacks sufficient upside potential. Following a report on a potential sale of Belgian government-owned shares, BNP shares fell 2.6%, while SocGen shares dropped 2%.
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.
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.
Barclays analyst Saket Kalia has reduced nCino Inc.'s price target from $44 to $24 while maintaining an Overweight rating, citing a significant cut in the company's previous target. Despite a 13% revenue growth over the past year, nCino's fiscal 2026 outlook remains cautious due to challenges in the U.S. mortgage market. The company reported mixed Q4 2025 earnings, missing EPS forecasts but slightly exceeding revenue expectations, while CEO Sean Desmond announced a strategic shift towards AI banking solutions.
Contactless payment adoption in the UK reached a record 94.6% of eligible in-store card transactions in 2024, up from 93.4% in 2023. Consumers averaged 236 contactless transactions per person, with annual spending increasing to £3,803, driven largely by convenience among older users. For transactions over £100, chip and PIN remains the preferred method, while mobile wallets are popular among younger consumers.
Global Financial Events
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
corebridge financial shares decline after UBS issues sell rating and lowers forecast
13:34 02.04.2025
apple stock faces challenges as competition and growth slow down
13:00 02.04.2025
s and p 500 faces potential decline with key support levels ahead
12:53 02.04.2025
ubs shares show minimal movement amid mixed trading signals
12:37 02.04.2025
Austrian stock market shows growth amid economic optimism and awards for banks
Euro
RBI OE TS.Z./Uniqa
Frequentis AG
Austriacard Holdings AG
Österreichische Lotterien GmbH
Agrana Beteiligungs AG
Erste Group Bank AG
BAWAG Group AG
AUT
Manolis Kontos
Marcel Haar
Christoph Boschan
Show more
12:18 02.04.2025
kepler downgrades bnp paribas and societe generale amid market concerns
12:07 02.04.2025
barclays sees growth potential in sandoz despite tariff concerns and market challenges
12:05 02.04.2025
geneva cantonal bank announces tenfold share split to boost accessibility and demand
11:28 02.04.2025
barclays lowers nCino price target to 24 while maintaining overweight rating
United States Dollar
Ncino Inc
Raymond James Financial, Inc.
Barclays PLC
USA
Sean Desmond
Alexander Sklar
Saket Kalia
Show more
11:22 02.04.2025
UK contactless payments reach record high with growing adoption in 2024
10:55 02.04.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Retail and Consumer Goods
Banking Regulations
Startups & Entrepreneurship
Industry Mergers & Acquisitions
Market Analysis and Predictions
CEO Changes
Inflation and Monetary Impact
Government Policies
Government Economic Policies
GDP Growth & Recession Forecasts
Central Bank Actions
Commodities
Hedge Funds & Private Equity
Domestic Politics
Countries:
Companies:
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
Tesla, Inc.
Banco Santander, S.A.
Berkshire Hathaway Inc.
The Goldman Sachs Group, Inc.
Commerzbank AG
Amazon.com, Inc.
NVIDIA Corporation
Morgan Stanley
Lloyds Banking Group plc
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
SpaceXCoin USD
Deutsche Bank Money Market PP
Microsoft Corporation
Royal Bank of Canada
UBS Group AG
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Indian Rupee
Japanese Yen
Chinese Yuan
New Taiwan Dollar
Canadian Dollar
United Arab Emirates Dirham
South Korean Won
Vietnamese Đồng
Danish Krone
Indonesian Rupiah
Russian Ruble
Singapore Dollar
Chilean Peso
Egyptian Pound
Cambodian Riel
People: