Rates in banks, withdrawal of assets from Alfa, Coca-Cola reporting: digest

Top 10 deposit rates. Today is the deadline for Alfa Investments clients to transfer foreign assets to another broker. Coca-Cola will publish financial statements. notable events,

Today at 23:59 Moscow time, the deadline expires when Alfa Investments clients can transfer their foreign assets to another broker. This can be done by submitting an application in the broker's personal account.

The list of Russian brokers available for this procedure includes Ak Bars Finance, ATON, Dom.RF Bank, St. Petersburg Bank, Gazprombank, Garant-Invest, Rikom-Trust investment company, MTS Bank, Renaissance Broker, Sinara Bank, Tinkoff Bank, URALSIB Broker, Finam and others. The full list can be found at the link.

Over the weekend, Alfa-Bank offered clients to independently transfer their foreign securities to other brokers. The company analyzed all scenarios and came to the conclusion that a centralized transfer is not possible due to sanctions restrictions.

Alfa-Bank offered investors to transfer their assets to other brokers Alfa-Bank , Banking and finance , Shares ,  RUSSIA

Top 10 rates on deposits and savings accounts

The average rate of the 54 largest depository banks on deposits for a period of one year in the amount of ₽100 thousand as of April 25 is 9.06% per annum, according to the FRG100 index.
The most favorable deposit rate as of April 25, 2022 is 21% per annum.

Top 10 banks with high effective rates on deposits and savings accounts as of 04/25/2022:

Gazprombank - up to 21%; Loco Bank — up to 21%; Sinara - up to 21%; Gazenergo Bank - up to 21%; Alfa Bank - up to 20%; Rosselkhozbank - up to 20%, Spetsstroybank - up to 20%; International Financial Club - up to 19.5%; Agropromcredit — up to 19.1%; "Opening" - up to 19%.

Source: Banki.ru financial marketplace (the effective rate is calculated according to the Banki.ru methodology and is not an offer, detailed conditions are in credit institutions).

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Coca-Cola reporting

Coca-Cola will report for the first quarter of 2022 before the opening of trading on US exchanges.

Analysts on average forecast adjusted earnings of $0.57 per share versus $0.55 in the same period in 2021, and revenue of $9.83 billion compared to $9.02 billion a year earlier.

The results of Coca-Cola in recent quarters have been positively influenced by the strategic transformation and the ongoing recovery around the world [after the fall during the pandemic], writes Zacks.

In particular, the company's revenue is growing thanks to investments and growth in most markets. In addition, Coca-Cola's first-quarter results are likely to reflect the positive impact of innovation and digital investment, as the company is beneficiary of a boom in e-commerce.

On the other hand, Coca-Cola's revenues are being negatively impacted by rising costs for transportation, goods and materials. This could reduce the company's margins and profitability. In addition, Coca-Cola announced last month that it was ending its operations in Russia. It is likely that this will affect the international sales of Coca-Cola to some extent, says TipRanks.

The consensus assembled by MarketWatch expects Coca-Cola to hit $67.78 per share over the next 12 months, from a current price of $65.25. Rated above market.

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Twitter Promotions

Twitter has begun negotiations to sell the social network to Elon Musk, sources told REUTERS. The decision was made at the request of shareholders, which began to flow into the company after Elon Musk laid out a detailed plan for financing his proposal to buy Twitter.

Both parties met on Sunday, April 24, to discuss Musk's proposal and made progress, sources told The Wall Street Journal. According to the publication, the deal could be concluded as early as this week.

Financial statements and other important events

Activision Blizzard : Financial results, before market open.
"Lenta" : operating results and key financial indicators for the first quarter of 2022.
TGC-1: financial results under RAS for the first quarter of 2022.
Polymetal : Q1 2022 production results.
Polymetal : Investor Day.
Polymetal: AGM. The agenda includes approval of dividends. Earlier, the company's chief executive proposed paying a final dividend for 2021 of $0.52 per share.
Rusagro: operating results for the first quarter of 2022.

How the previous trading session ended Moscow Exchange Index : 2232.23 (-1.71%) RTS Index : 928.30 (-3.45%) S&P 500 : 4271.78 (-2.77%) DOW JONES Industrial Average : 33 811.4 (-2.82%) NASDAQ Composite : 12,839.29 (-2.55%)