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Apr 17, 2014 8:28 AM       Daily Market News   EN | DE

Google: Q1 result missed market expectations

Google (Attractive*) disappointed because of lower online-advertising prices (-9%) despite rising sales of 19% to USD 15.42bn. Main reason are smartphones with its small displays and often slow connections. However, clicks increased 26%. Quarterly income of USD 3.45bn (+3%) was slightly below analysts? estimates. Google shares dropped as much as 6%.

From: LGT Navigator Abo

Apr 16, 2014 8:07 AM       Weekly Market Comment  EN | DE

LGT Beacon: Constructive Indications from the Earnings Season

The first batch of earnings reports suggests that US companies continue to successfully defend record-high profit margins. Meanwhile, in the wake of the recent euro crisis and the emerging market downturn, global revenue growth has until recently been the lowest since the recession and bear market of 2000-2002. It is precisely this constellation that warns us against prematurely worrying about future earnings growth and stock market valuations.

From: LGT Beacon Abo

Apr 16, 2014 6:28 AM       Daily Market News   EN | DE

Credit Suisse: Weak investment banking

Credit Suisse (Attractive*) said first-quarter net income dropped 34% to CHF 859m as earnings at the investment bank declined. Earnings missed the CHF 1.09bn average market estimate surveyed by Bloomberg. Revenues came in at CHF 6.47bn, also lower than expected. The investment bank posted a 36% decline in pretax profit to CHF 827m, clearly missing the CHF1.02bn analysts? estimate.

From: LGT Navigator Abo

Apr 15, 2014 8:33 AM       Daily Market News   EN | DE

Nestlé & Roche: Currency effects slow sales growth

As expected, currency effects, negatively impacted sales of the heavyweights Nestlé and Roche (both Buy *). Overall, the results are, however, in line with expectations and both giants have confirmed its outlook.

From: LGT Navigator Abo

Apr 14, 2014 8:32 AM       Daily Market News   EN | DE

Ukraine and corporate earnings results cause insecurity

International financial markets might face continued insecurity at the start of this week. On one hand, a worse-than-expected result from U.S. bank JPMorgan Chase could be a harbinger of further disappointments in the banking sector due to a difficult interest rate environment. On the other hand, the conflict in the Ukraine and further tensions between Western countries and Russia could strain markets. In Asia, equity markets at least tended sideways this morning.

From: LGT Navigator Abo