{
}
Swiss bank UBS has upgraded Boeing's rating to "Buy," setting a price target of $245. Analyst Gavin Parsons noted that the company's order and delivery figures for May suggest that the total value of orders for the year could reach $230 billion.
The SPI index closed 1.06% higher at 16,950.37 points, reflecting a year-to-date increase of 9.23%. Strong performers included Adval Tech and EFG International, while Pierer Mobility saw the largest decline. UBS led in trading volume, and Nestlé maintained the highest market capitalization.
UBS has appointed investment banker Murphy to focus on consumer deals, enhancing its capabilities in this sector. This strategic hire reflects the firm's commitment to strengthening its investment banking division and expanding its market presence.
With the S&P 500 nearing its all-time high, investors are cautious about entering the market. Historical data indicates that buying at peaks has often been less risky than perceived, with many avoiding significant drawdowns. To mitigate timing risks and inflation concerns, underallocated investors are encouraged to phase into equities gradually, utilizing strategies like dollar-cost averaging and structured investments to enhance returns while managing risk.
A recent survey of 1,500 bank customers revealed that cantonal banks, particularly those in Lucerne and Berne, excel in friendliness, advice, and customer service, scoring 8.6 out of 10. In contrast, UBS and Swissquote received low satisfaction ratings, with Swissquote and Cembra Money Bank being the least favored. Overall, the neo-bank Neon topped the satisfaction rankings, followed closely by several cantonal banks.
UBS has maintained a "Neutral" rating on Renault shares with a target price of 47 euros, citing mixed registration data for May and moderate sales growth. Despite this, the strength of Renault's balance sheet was highlighted, as shares rose 1.05% to close at 43.45 euros on the Paris stock exchange.
WKB shareholders approved a dividend increase to CHF 4 per share and confirmed six current Board members, including Chairman Pierre-Alain Grichting. New members Laure Deppierraz and Hervé Udriot were elected, while a seat remains vacant until the 2026 AGM. Additionally, the Valais Cantonal Bank pledged CHF 1 million for reconstruction in Blatten after a rockfall and will suspend mortgage payments for affected customers until at least the end of 2025.
Borrowers in Roggwil are facing financial distress due to delays and additional demands from general planner Jürg Zesiger, who is under scrutiny for potential bankruptcy offenses. BEKB bank admits to insufficient checks on Zesiger's past projects and acknowledges failures in monitoring payment flows, leading to a crisis for affected homeowners. As they seek redress, the bank is exploring solutions, but uncertainty remains regarding compensation and the future of their construction projects.
UBS is considering its options following a Swiss government mandate to raise $27 billion in capital to bolster its U.S. operations. Executive chair Colm Kelleher criticized the ruling as "extreme," arguing it penalizes the bank for its role in rescuing Credit Suisse in 2023, which aimed to stabilize the financial system. Regulators view UBS's American business, managing $2.1 trillion for wealthy clients, as a potential risk and seek to enhance its capacity to absorb losses.
Schwyzer Kantonalbank is set to issue a bond worth CHF 150 million, with a maturity date of June 16, 2032. The bond features a coupon rate of 0.80%, an issue price of 100.306%, and a yield of 0.755%. It has received an AA+/AAA rating from S&P and ZKB, and will be listed on SIX starting June 13, 2025.
CHE
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS Upgrades Boeing to Buy with Price Target of 245 Dollars
23:54 10.06.2025
SPI Index Rises as EFG International and Adval Tech Lead Gains
Euro
Edisun Power Europe Ltd.
EFG International AG
Klingelnberg AG
PIERER Mobility AG
ORIOR AG
Phoenix Mecano AG
Peach Property Group AG
Leclanche S.A.
Nestlé S.A.
Relief Therapeutics SA
BB Biotech AG
CHE
Show more
22:43 10.06.2025
UBS Appoints Investment Banker Murphy for Consumer Sector Transactions
22:02 10.06.2025
Investors Encouraged to Phase into Stocks Despite S&P 500 Nearing All-Time High
20:52 10.06.2025
Swiss Banks Ranked for Friendliness and Customer Satisfaction in New Survey
NEO-NEON
Bank Cler AG
Cembra Money Bank AG
Migros Bank (CH) Fds 65 V
PostFinance Fonds 3
Valiant Holding AG
Zürcher Kantonalbank
Berner Kantonalbank AG
CHE
Show more
20:09 10.06.2025
UBS Maintains Neutral Rating on Renault Amid Mixed Sales Growth
19:57 10.06.2025
WKB Shareholders Approve Dividend and Board Changes Amid Rockfall Support
19:08 10.06.2025
Bank Faces Scrutiny Amid Construction Financing Scandal in Roggwil
19:02 10.06.2025
UBS Faces $27 Billion Capital Raise After Credit Suisse Rescue Decision
18:18 10.06.2025
Schwyzer Kantonalbank Issues 150 Million Franc Bond with 0.80 Percent Coupon
17:13 10.06.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People:
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.