Core Viewpoint - The article discusses the projected increase in gold prices, forecasting that they could reach $3,000 by 2025 [1]. Group 1 - The forecasted gold price of $3,000 represents a significant increase from current levels, indicating strong market expectations for gold as a valuable asset [1].

Core Viewpoint - Huntington Bancshares Incorporated will participate in the UBS Financial Services Conference on February 10, 2025, discussing business trends, financial performance, and strategic initiatives [1]. Company Overview - Huntington Bancshares Incorporated is a regional bank holding company with $204 billion in assets, headquartered in Columbus, Ohio [3]. - The company was founded in 1866 and provides a comprehensive suite of banking, payments, wealth management, and risk management products and services [3]. - Huntington operates 978 branches across 12 states, with certain businesses extending into broader geographies [3]. Event Details - Key executives scheduled to present include Zach Wasserman (CFO), Brant Standridge (President, Consumer and Regional Banking), and Scott Kleinman (President, Commercial Banking) [1]. - The presentation will take place at 8:50 AM (Eastern Time) and will include forward-looking statements [1]. - Investors can access the live audio webcast through the investor relations section of Huntington's website, with a replay available afterward [2].

Core Viewpoint - UBS Group AG reported a significant turnaround in its financial performance for the fourth quarter of 2024, achieving a net profit of $770 million compared to a net loss of $279 million in the same quarter of the previous year [1][2]. Financial Performance - The total revenues for the fourth quarter increased by 7% year over year to $11.6 billion, while annual revenues rose by 19% to $48.6 billion [3]. - Operating expenses decreased by 10% year over year to $10.4 billion, contributing positively to the overall financial results [3]. - The company reported total credit loss expenses of $229 million, which represented a 68% increase from the previous year [3]. Business Division Performance - Global Wealth Management's operating profit before tax for the fourth quarter was $867 million, a significant increase from $280 million in the prior-year quarter [4]. - Asset Management's operating profit before tax rose by 4.9% to $128 million compared to the same quarter last year [4]. - The Investment Bank unit reported an operating profit before tax of $479 million, recovering from an operating loss of $190 million in the previous year [5]. Capital Position - Total assets decreased by 3.6% from the previous quarter to $1.57 trillion [6]. - The return on Common Equity Tier 1 (CET1) capital improved to 4.2% as of December 31, 2024, compared to negative 1.4% a year earlier [6]. - Risk-weighted assets declined by 8.7% year over year to $498.5 billion, while CET1 capital fell by 8.5% to $71.4 billion [6]. Capital Distribution - For 2024, UBS plans to propose a dividend of 90 cents per share, pending approval at the Annual General Meeting scheduled for April 10, 2025 [7]. - The company is committed to a progressive dividend policy, with an expected increase of around 10% in the ordinary dividend per share for 2025 [8]. - UBS completed a $1 billion share repurchase in the fourth quarter of 2024 and plans to repurchase an additional $1 billion in the first half of 2025, with up to $2 billion more in the second half [8]. Integration and Cost Savings - UBS is making significant progress with the integration of Credit Suisse, achieving all integration milestones in 2024 and reducing execution risks [9][11]. - The company delivered an additional $0.7 billion in gross cost savings in the reported quarter, totaling $3.4 billion for 2024, and aims for $13 billion in gross cost savings by the end of 2026 [9][10].

Core Insights - UBS Group AG reported strong Q4 2024 results, surpassing consensus estimates for both revenue and earnings [1] Financial Performance - UBS generated $11.6 billion in revenues during Q4 2024, reflecting a 7% increase compared to the same period last year [1]

UBS Group AG (NYSE:UBS) Q4 2024 Earnings Conference Call February 4, 2025 3:00 AM ET Company Participants Sarah Mackey - Head, IR Sergio Ermotti - Group CEO Todd Tuckner - Group CFO Conference Call Participants Chris Hallam - Goldman Sachs Anke Reingen - RBC Capital Markets Jeremy Sigee - BNP Paribas Kian Abouhossein - JPMorgan Giulia Miotto - Morgan Stanley Stefan Stalmann - Autonomous Research Andrew Coombs - Citigroup Inc. Amit Goel - Mediobanca Antonio Reale - Bank of America Merrill Lynch Piers Brown - ...

Group 1: Financial Performance - UBS reported a fourth-quarter net profit of $770 million, which is below the mean forecast of $886.4 million from analysts [1] - Group revenue for the period reached $11.635 billion, slightly below analyst expectations of $11.64 billion [1] Group 2: Cost Savings and Restructuring - UBS aims to achieve $7.5 billion in cost savings out of a total of $13 billion by the end of 2023, with CEO indicating that redundancies are "inevitable" [2] - The bank is focusing on voluntary departures as part of its restructuring efforts [2] Group 3: Industry Context - The Swiss banking sector is experiencing broader expense discipline and restructuring, with other banks like Julius Baer and HSBC also announcing cost-saving measures [3] - UBS's balance sheet exceeded $1.7 trillion in 2023, raising concerns about its size relative to the Swiss economy [4] Group 4: Economic Environment - The Swiss economy is facing challenges, including low annual inflation of 0.6% in December and a strong Swiss franc, which has been further strengthened by global market conditions [5]

STAMFORD, Conn., Feb. 3, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF) Chief Financial Officer, Brian J. Wenzel, will participate in a fireside chat at the UBS Financial Services Conference on Monday, February 10, 2025 at 9:40 a.m. (Eastern Time).A live webcast and replay will be made available on the Synchrony Investor Relations website at www.investors.synchrony.com. About SynchronySynchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally- ...

Core Insights - UBS has consistently beaten earnings estimates, with an average surprise of 118.45% over the last two quarters [1][2] - The most recent earnings report showed UBS earning $0.43 per share against an expectation of $0.28, resulting in a surprise of 53.57% [2] - UBS's positive Earnings ESP of +54.55% indicates bullish sentiment among analysts regarding the company's earnings prospects [6] Earnings Performance - In the previous quarter, UBS reported earnings of $0.34 per share, surpassing the consensus estimate of $0.12, which resulted in a surprise of 183.33% [2] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [3][6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] Future Outlook - UBS's next earnings report is expected to be released on February 4, 2025 [6]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive has a presence in key finance and investing hubs with bureaus and studios located in major cities such as London, New York, and Sydney [2] Group 2 - The company emphasizes the use of technology to enhance workflows and improve content production [4] - Proactive employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive has a presence in key finance and investing hubs with bureaus and studios located in London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company emphasizes the use of technology to enhance workflows and has adopted automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [4][5]