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JPMorgan shares: Strong quarter despite loan provisions ()

by Chief editor of world-today-news.com October 13, 2024

written by Chief editor of world-today-news.com

The largest US bank, JPMorgan Chase, made an impressive profit in the most recent quarter despite billions in provisions for bad loans. With a net profit of $12.9 billion, the financial institution significantly exceeded analysts’ expectations. This success is also reflected in the share price, which was quoted at EUR 202.88 on October 12th, representing an impressive annual performance of 47.38 percent.

Dividend yield and outlook

For the 2024 financial year, JPMorgan is planning a dividend of 4.733 euros per share, which corresponds to a yield of 2.32 percent. Despite the positive quarterly report, CEO Jamie Dimon is cautious about the future, pointing to possible challenges in the volatile financial market.

JPMorgan shares: buy or sell?! New JPMorgan analysis from October 13 provides the answer:

The latest JPMorgan figures speak for themselves: there is an urgent need for action for JPMorgan shareholders. Is it worth getting started or should you sell? In the current free analysis from October 13th you will find out what to do now.

JPMorgan: Buy or sell? Read more here…

October 13, 2024 0 comments

Business

Deutsche Pfandbriefbank relies on realignment under Kay Wolf after year of crisis ()

by Chief editor of world-today-news.com October 11, 2024

written by Chief editor of world-today-news.com

Under Kay Wolf, Deutsche Pfandbriefbank is aiming for a sustainable realignment by reducing the office share in the loan portfolio and concentrating on profitable segments.

The Deutsche Pfandbriefbank (pbb) is reacting drastically to the past year of crisis under its new boss Kay Wolf. By 2027, the share of offices in the loan portfolio is expected to fall significantly, while financing for data centers, hotels and residential complexes for seniors will be massively expanded. At the same time, the bank is curbing its loss-making US business and reducing its dependence on interest income, which means the previous medium-term profit target of its predecessor Andreas Arndt will be lost.

These strategic changes hit the stock market hard on Thursday morning: the pbb share temporarily lost almost seven percent and closed at 5.69 euros, which corresponds to a decline of around eight percent since the beginning of the year. In February the price had already fallen to under four euros, and today the share is only trading at half the price it was five years ago.

Kay Wolf announced at the Capital Markets Day that the pre-tax profit of 300 million euros should not be achieved by 2027, although his predecessor Arndt had already set this goal for 2026. Last year, the bank suffered significant loan defaults due to the collapse of the commercial real estate market, particularly in the United States.

In order to make Deutsche Pfandbriefbank safer and more profitable, the share of office financing will be reduced from over 50 to under 40 percent of the loan portfolio. Loans for apartment buildings should be less of a focus, while the focus remains on retail and logistics. Wolf relies more heavily on loans for data centers, residential complexes for seniors, assisted living and hotels, which are viewed as more profitable and faster growing. “We already have the necessary specialist knowledge in-house,” emphasized Wolf.

Another focus is on reducing US business from 15 to less than 10 percent of the loan volume, with a focus on the East Coast. Existing loans on the West Coast should be reduced in a value-preserving manner without the prospect of an emergency sale. The bank also wants to expand its commission business by managing real estate loans for investors. This should account for around ten percent of the bank’s total income by 2027.

CFO Marcus Schulte expects a pre-tax profit of over 200 million euros by 2027, but less than 300 million euros. At the same time, the return on tangible equity should increase from less than three to around eight percent. Cost reductions totaling 45 million euros and further savings in the double-digit million range should bring the cost-income ratio below 45 percent.

In addition, Deutsche Pfandbriefbank announced an increase in the dividend to 90 cents per share for 2024 and share buybacks of up to two billion euros for 2025. These measures are intended to provide shareholders with added value and ensure the bank’s financial stability.

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October 11, 2024 0 comments

Technology

Snap shares: price losses despite stable development ()

by Chief editor of world-today-news.com October 11, 2024

written by Chief editor of world-today-news.com

Snap stock posted losses in New York trading on Thursday afternoon, although it has been remarkably stable in recent trading days. The current price is $10.66, down 0.23% from the previous day. Despite this short-term weakness, the stock has seen a positive performance of 20.40% year-over-year and is currently 22.20% above its 52-week low.

Financial key figures in focus

Snap’s price-to-sales ratio (P/S) is currently 3.25, indicating possible overvaluation. The price-to-cash flow ratio (P/CV) is 60.74, which can be classified as high compared to the industry. Given these metrics, it remains to be seen how Snap shares will perform in the coming trading days.

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The latest Snap numbers speak for themselves: there is an urgent need for action for Snap shareholders. Is it worth getting started or should you sell? In the current free analysis from October 11th you will find out what to do now.

Snap: Buy or sell? Read more here…

October 11, 2024 0 comments

World

Illinois Tool Works Stock: Stable Performance Despite Market Volatility ()

by Chief editor of world-today-news.com October 11, 2024

written by Chief editor of world-today-news.com

The Illinois Tool Works share is relatively stable in a challenging market environment. With a current price of EUR 234.85 (as of October 10, 2024), the paper has recorded a slight decline of 0.40% compared to the previous day. Despite the short-term fluctuations, the share price gained a remarkable 5.76% year-on-year, underlining the company’s robust position.

Fundamentals in focus

Illinois Tool Works’ fundamentals are solid. With a market capitalization of EUR 69.7 billion and a price-earnings ratio (P/E) of 25.06 for 2024, the company appears to be appropriately valued. Particularly attractive for investors: The dividend of EUR 5.733 per share forecast for 2024, which corresponds to a dividend yield of 2.24%.

Illinois Tool Works Stock: Buy or Sell?! New Illinois Tool Works analysis from October 11 provides the answer:

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Illinois Tool Works: Buy or Sell? Read more here…

October 11, 2024 0 comments

Technology

Roblox share: Number of active users significantly improved (Piper Sandler)

by Chief editor of world-today-news.com October 9, 2024

written by Chief editor of world-today-news.com

Minneapolis (www.aktiencheck.de) – Roblox stock analysis by Piper Sandler:

Current rating

Piper Sandler has a price target for Roblox Corporation (ISIN: US7710491033, WKN: A2QHVS, NYSE symbol: RBLX) of 48 on 54 USD raised and remains at the classification “overweight”. This follows a comprehensive survey of 13,000 teenagers in the US that highlighted positive developments for Roblox.

Key survey results

– Active users: 46% of teenagers surveyed actively use Roblox. This represents a significant increase compared to the spring survey, where the proportion was around 34%. There is also a significant increase compared to the previous year (31%).
– Increase in usage frequency: Roblox usage has increased across all frequencies, indicating broader and deeper user engagement.

Comparison to competitors

– TikTok and Instagram: Both platforms were able to further expand their lead in frequency of use.
– Snapchat (SNAP): In contrast, Snapchat has continued to lose ground as the preferred app among young people.

Financial Impact and New Estimates

Piper Sandler has revised up estimates for Roblox based on the survey. The price target increase reflects improved youth user engagement and growth potential. Roblox remains a major player in social gaming and the metaverse, particularly among the youth demographic.

Conclusion

The positive survey results indicate that Roblox has been able to expand its appeal and market penetration in the teen segment. Rising user engagement suggests robust growth momentum, justifying Piper Sandler’s increased price target. Given these trends, the share remains attractive from an analyst perspective and continues to be rated “overweight”.

Risk factors

– Competition: Roblox faces intense competition from established platforms such as TikTok and Instagram, which have also been able to increase their usage frequency among young people.
– User retention: Although usage numbers have increased, Roblox needs to continually invest in content and features in order to retain users in the long term and develop new target groups.
– Macroeconomic uncertainties: Like all technology and growth stocks, Roblox is also affected by possible macroeconomic factors such as rising interest rates and declining consumer sentiment.

Overall, however, Roblox remains an attractive investment, particularly due to its strong position in the high-growth teen segment. (Analysis from October 9th, 2024)

Please also note information on the obligation to disclose conflicts of interest in accordance with Directive 2014/57/EU and corresponding EU regulations at the following link. (09.10.2024/ac/a/n)

Disclosure of possible conflicts of interest:

You can view potential conflicts of interest on the site of the creator/source of the analysis.

October 9, 2024 0 comments

Technology

Snap shares: slight losses despite positive annual development ()

by Chief editor of world-today-news.com October 9, 2024

written by Chief editor of world-today-news.com

Snap shares posted slight losses in the New York trading session on Tuesday afternoon. Despite a decline of 0.2% in the latest trading session, the stock shows a remarkable year-on-year performance with an increase of 24.80%. This positive trend reflects investors’ continued interest in the social media company.

Current challenges and future prospects

Snap is currently the focus of the EU Commission, which is requesting information about the company’s recommendation systems. This regulatory attention could impact future business strategy. Despite the short-term fluctuations, Snap’s innovative platform and investments in AR technology remain well-positioned to benefit from long-term trends in the digital advertising industry.

Snap shares: buy or sell?! New Snap analysis from October 9th provides the answer:

Snap: Buy or sell? Read more here…

October 9, 2024 0 comments

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