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Deutsche Bank has raised its price target for Goodyear Tire & Rubber to $14 from $13 while maintaining a Buy rating. Goodyear develops, manufactures, and sells tires for various applications and operates around 950 retail outlets globally, offering products and services to both consumer and commercial customers. The company produces a wide range of tires under several brands, including Goodyear, Cooper, and Dunlop, across 53 manufacturing facilities in 20 countries.
Raiffeisen Bank International faces challenges due to its Russian involvement, highlighted by a €1.9 billion loss from a court ruling. While the core business remains stable with a €260 million profit, the bank's exit from Russia is proving difficult despite ongoing efforts. Analysts are cautiously optimistic, noting a recent 19% recovery in share value, but uncertainty looms over the future.
Central banks are poised for key rate decisions amid ongoing tariff uncertainties. The Bank of England is expected to lower its rate to 4.25%, while Norges Bank and Riksbank are likely to maintain their rates at 4.50% and 2.25%, respectively. In the US, the Fed remains steady, with Chair Powell indicating no immediate rate cuts despite recession risks from tariffs.
Raiffeisen Bank International reported a solid Q1 2025 profit of €260 million, excluding Russia, with a CET1 capital ratio of 15.9%. However, a €1.9 billion loss from a Russian court ruling looms large, complicating plans for divesting its Russian operations amid ongoing geopolitical and legal uncertainties. Despite these challenges, the bank's core business remains stable, bolstered by higher retail deposits and a well-equipped risk provisioning strategy.
Societe Generale, a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries, reported its share capital and voting rights as of April 30, 2025. The bank focuses on sustainable value creation through its diverse business segments, including French Retail, Global Banking, and International Financial Services. Committed to environmental transition, it is recognized in major socially responsible investment indices.
Barclays has revised its price target for PPG Industries, lowering it to $120 from $125. PPG Industries is a leading producer of coatings, linings, and fiberglass, with net sales primarily from high-performance coatings (61.2%) and industrial coatings (38.8%). Geographically, sales are distributed across the U.S. and Canada (41%), Europe/Middle East/Africa (30.8%), Asia/Pacific (15.8%), and Latin America (12.4%).
Societe Generale has filed the first amendment to its 2025 Universal Registration Document with the French Financial Markets Authority on April 30, 2025. This document is available to the public free of charge on the company's website and the AMF's site. The bank, with around 119,000 employees, continues to support sustainable development and is committed to environmental transition and sustainability.
JPMorgan Chase & Co. increased its stake in Tilray Inc (NASDAQ:TLRY) by 112.7% in Q4, owning 919,082 shares valued at $1.22 million. Other institutional investors also adjusted their positions, with 9.35% of the stock held by such entities. Analysts have mixed views, with Canaccord Genuity upgrading its target price to $3.00 while Piper Sandler lowered it to $1.00. Tilray reported a Q1 loss of $0.10 per share, missing estimates, with revenues of $185.78 million against expectations of $213.38 million.
Czech banks anticipate a relaxation of credit standards for corporate loans in the second quarter, according to a recent lending survey. KBC Group NV, a prominent Belgian insurance banking group, operates across banking, insurance, and asset management, with a network of 1,166 branches and significant deposits and loans managed. The group's income distribution highlights Belgium as the largest market, followed by the Czech Republic, Hungary, Bulgaria, Slovakia, and others.
Societe Generale has officially opened a new office on Sand Hill Road in Menlo Park, California, establishing it as the West Coast hub for corporate finance and investment banking, with a focus on the Technology Media Telecommunications (TMT) sector. The office aims to enhance client relationships and capitalize on opportunities in technology finance, led by John Jansen and Jonathan Weinberger. This expansion follows the formation of a joint venture with AllianceBernstein, reinforcing Societe Generale's commitment to providing comprehensive financial solutions.
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Deutsche Bank raises Goodyear price target while maintaining buy rating
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