{ }
Markets often forget past troubles when faced with significant profits, as seen with US investment banks like JP Morgan, which reported a profit of $12.9 billion. This raises questions about UBS, which, after cutting its investment bank post-2008 crisis and acquiring Credit Suisse, is now reducing its own risk. Critics wonder if UBS is missing out on a major opportunity while it takes these cautious steps.
Hermès reported sales of €11.2 billion for the first nine months of 2024, reflecting a 13.8% increase at constant exchange rates. UBS maintains a Buy recommendation with a target price of €2,390, indicating a potential upside of 16%. The third-quarter sales of €3,704 million align closely with consensus expectations, showcasing an organic sales growth of 11%.
The Swiss Bankers Association (SBA) has expressed concerns over the Federal Council"s proposed measures for systemically important banks, particularly regarding increased capital requirements and expanded powers for FINMA. While acknowledging the need for some regulatory tightening post-Credit Suisse crisis, the SBA warns that excessive measures could undermine the competitiveness of the Swiss financial sector. The association supports a robust liquidity provision framework and a state liquidity guarantee, emphasizing the importance of targeted adjustments in corporate governance.
Air Liquide reported third-quarter 2024 sales of €6.76 billion, a 0.7% decline due to unfavorable energy and currency effects. UBS maintains a Buy rating with a price target of €200, noting organic sales growth of 3.3% and continued EBIT margin improvement exceeding 100 basis points. The company remains confident in increasing its operating margin and recurring net income growth for 2024.
The Financial Stability Board has raised concerns about the impact of social media and financial influencers on liquidity risks, particularly in light of recent banking crises involving U.S. regional banks and Credit Suisse. The report highlights the rapid shift to digital banking and the urgency of withdrawals, driven by various factors including embezzlement and poor risk management.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.