UBS - UBS Group AG

NYSE - NYSE Delayed price. Currency in USD
10.75
-0.09 (-0.83%)
At close: 4:00PM EDT

10.75 0.00 (0.00%)
After hours: 4:25PM EDT

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Previous close10.84
Open10.86
Bid10.72 x 3100
Ask10.99 x 28000
Day's range10.72 - 10.90
52-week range7.48 - 13.49
Volume3,042,220
Avg. volume4,909,504
Market cap38.12B
Beta (5Y monthly)1.28
PE ratio (TTM)8.48
EPS (TTM)1.27
Earnings dateN/A
Forward dividend & yield0.36 (3.33%)
Ex-dividend date06 May 2020
1y target est12.50
  • UBS Declares Quarterly Coupon Payments on Exchange Traded Notes: AMU and AMUB
    Business Wire

    UBS Declares Quarterly Coupon Payments on Exchange Traded Notes: AMU and AMUB

    UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN (NYSE Arca: "AMU") and ETRACS Alerian MLP Index ETN Series B (NYSE Arca: "AMUB"), both traded on the NYSE Arca.

  • UBS Group to Launch Venture Capital Fund to Invest in Fintech
    Zacks

    UBS Group to Launch Venture Capital Fund to Invest in Fintech

    UBS Group (UBS) mulls to enter the growing fintechs financing business by launching a corporate venture capital fund.

  • Stock Market News for May 26, 2020
    Zacks

    Stock Market News for May 26, 2020

    U.S. stocks ended mostly mixed on May 22, as investors tried to fathom the extent of U.S.-China tensions that rose earlier in the week.

  • UBS to Start Own Venture Capital Fund in Effort to Digitize Bank
    Bloomberg

    UBS to Start Own Venture Capital Fund in Effort to Digitize Bank

    (Bloomberg) -- UBS Group AG is setting aside hundreds of millions of dollars of its own money to invest in fintech companies, joining peers in financing startups that are upending traditional banking.The Swiss wealth manager is planning a corporate venture capital fund to make investments between $10 million and $20 million in dozens of companies, according to a person familiar with the matter. UBS plans to hold the stakes for at least five years, the person said, asking for anonymity because details haven’t been finalized.A UBS spokeswoman confirmed the bank is starting such a fund, while declining to comment on specifics.The venture fund comes just months after UBS named ING Groep NV’s Ralph Hamers, an outspoken champion of digital banking, to succeed Sergio Ermotti as chief executive officer from October. While wealth management -- UBS’s biggest business -- is traditionally a high-touch operation, with clients valuing personal contact, the coronavirus pandemic has accelerated a shift toward digital services.“UBS wants to further engage with and support fintech firms,” said Mike Dargan, UBS’s Global Head Group Technology. “The new venture investment portfolio is a next step to accelerate our innovation and digitization efforts.”Read more: UBS Names Outsider Hamers to Succeed CEO ErmottiThe new fund will look at three broad categories to invest in: client engagement, investing and financing platforms, and improving underlying operations of the bank. While it is already screening potential investments, the bank is still in the process of hiring a team dedicated to run the fund, the people said.More digital tools are a key part of a revamp plan for UBS’s wealth unit unveiled earlier this year. The bank wants to use them to save time on administrative tasks and cut costs, as competition for rich clients and a flight to cheaper, passive investment products erode profitability.Globally, U.S. banks have been at the forefront of spending on fintech, according to Bloomberg Intelligence. The firms are generally more profitable and can afford to plow large sums into such efforts. UBS’s Zurich rival Credit Suisse Group AG invests in fintech through its entrepreneur capital arm.U.S. Big Banks Drive Virtuous Cycle With Tech SpendingUBS is also looking to use technology to make inroads in the Chinese wealth market. The bank is in the process of acquiring a digital fund distribution license, which would provide a plain-vanilla fund offering to rich Chinese customers. Over time, UBS plans to use such a digital license to move into advisory and on-boarding of new wealth clients, according to Edmund Koh, UBS’s head for the Asia Pacific region.A previous effort by UBS in this area flopped. A 2017 internal project in the U.K. called SmartWealth was shut down a year later.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • UBS Financial Advisor Teresa Jacobsen Named to Forbes/SHOOK List of Top Women Wealth Advisors
    Business Wire

    UBS Financial Advisor Teresa Jacobsen Named to Forbes/SHOOK List of Top Women Wealth Advisors

    UBS announced today that Financial Advisor Teresa Jacobsen in the firm's Northeast Private Wealth Management Market, has been named to the Forbes/SHOOK list of Top Women Wealth Advisors for 2020. In this year's list of 1,000 women, 157 UBS advisors were included. Overall, those named to the list, manage nearly $920 billion in client assets.

  • UBS Private Wealth Advisor Katerina Simonetti Named to Forbes/SHOOK List of Top Women Wealth Advisors
    Business Wire

    UBS Private Wealth Advisor Katerina Simonetti Named to Forbes/SHOOK List of Top Women Wealth Advisors

    UBS announced today that Private Wealth Advisor Katerina Simonetti in the firm's Northeast Private Wealth Management Market, has been named to the Forbes/SHOOK list of Top Women Wealth Advisors for 2020. In this year's list of 1,000 women, 157 UBS advisors were included. Overall, those named to the list, manage nearly $920 billion in client assets.

  • UBS courts millionaires with view to mid-term doubling of Russian wealth business
    Reuters

    UBS courts millionaires with view to mid-term doubling of Russian wealth business

    UBS wants to double the amount of assets under management at its business targeting wealthy clients in Russia and central and eastern Europe, a senior manager told Reuters. The bank is particularly looking to high net worth clients with assets in the $5-$100 million range, including from the recent boom in technology entrepreneurs. "Russia has had a very strong start to the year, which contributed very substantially to EMEA overall both in terms of revenues and net new money," UBS' wealth management head for Central and Eastern Europe, Caroline Kuhnert, told Reuters in an interview.

  • UBS Financial Advisor Caryl-Lyn Mazullo Named to Forbes/SHOOK List of Top Women Wealth Advisors
    Business Wire

    UBS Financial Advisor Caryl-Lyn Mazullo Named to Forbes/SHOOK List of Top Women Wealth Advisors

    UBS Global Wealth Management announced today that Caryl-Lyn Mazullo, Financial Advisors and Senior Vice President—Wealth Management in the firm's Akron office, has been named to Forbes/SHOOK's 2020 list of Top Women Wealth Advisors.

  • Investing.com

    RBC Capital Sticks to Their Hold Rating for UBS Group AG

    RBC Capital analyst Anke Reingen maintained a Hold rating on UBS Group AG (NYSE:UBS) on Friday, setting a price target of CHF11, which is approximately 18.79% above the present share price of $9.26.

  • Coronavirus: Tour operator Tui considers issuing new shares
    Yahoo Finance UK

    Coronavirus: Tour operator Tui considers issuing new shares

    Tour operator Tui is considering a issuing new shares to create a cash injection and stave off collapse if customers are slow to rebook holidays as lockdown eases.

  • Coronavirus crisis a window of opportunity for bankers to the rich
    Reuters

    Coronavirus crisis a window of opportunity for bankers to the rich

    When markets slumped in March as the spread of coronavirus gathered pace, wealth managers' trading volumes soared as ultra rich clients reshuffled their portfolios. It was this market frenzy that helped Swiss banks UBS and Credit Suisse – the world's biggest wealth managers – post bumper first-quarter profits while much of the global banking sector was scrambling to make provisions to withstand the economic fallout from the pandemic. While banks that are more focused on commercial lending set aside billions in provisions, the big wealth managers have found that banking for billionaires has swelled their own coffers with outsized transaction fees even as the global economy takes a battering from the coronavirus crisis.

  • Business Wire

    UBS Private Wealth Advisor David W. Ellis III Named to the 2020 Barron’s Top Advisor List

    Barron’s named David W. Ellis III, Private Wealth Advisor and Managing Director—Wealth Management at UBS's The Ellis Group, a Top Wealth Advisor for the state of Ohio.

  • Coronavirus: 'War-time level deficits' as UK faces £337bn COVID-19 bill
    Yahoo Finance UK

    Coronavirus: 'War-time level deficits' as UK faces £337bn COVID-19 bill

    Deutsche Bank said the pandemic would 'permanently scar government balance sheets' as it forecast a budget deficit of 13.4% in the UK this year.

  • Reuters

    UBS seeks wealth management boost with JPMorgan hire and new Russia head

    UBS is seeking to boost its wealth management business in Russia and the broader central and eastern Europe region with a senior hire from JPMorgan and a new head of wealth management for Russia. The Swiss lender has hired Elena Griffin, JPMorgan's head of wealth management for Russia, to become vice chair of the Central and Eastern Europe, Greece and Israel region and has promoted Ekaterina Lehmann to become head of global wealth management in Russia, it said in a memo seen by Reuters and confirmed by the bank.

  • UBS Group to Reduce Costs With China Digital Bank License
    Zacks

    UBS Group to Reduce Costs With China Digital Bank License

    UBS Group (UBS) aims to boost the customer base and improve operational efficiency with the launch of the digital banking platform amid coronavirus scare.

  • Business Wire

    UBS YES INVESTORS:  Zamansky LLC Files FINRA Arbitration Claims for Investors to Potentially Recover Their 40% Losses Suffered in the UBS Yield Enhancement Strategy

    Zamansky LLC is filing FINRA arbitration claims on behalf of investors with losses suffered in the UBS Yield Enhancement Strategy (YES). YES is a managed index options strategy sold by UBS Group A.G. (NYSE: UBS). Since 2018, YES investors at UBS have incurred losses of approximately 40%, and YES has seen its assets under management decline from $6 billion to $1.5 billion.

  • UBS launches SARON-based Swiss franc mortgages, phases out LIBOR
    Reuters

    UBS launches SARON-based Swiss franc mortgages, phases out LIBOR

    UBS Group <UBSG.S> on Monday launched floating-rate mortgage loans tied to the new Swiss money market reference rate SARON, phasing out loans linked to the standard LIBOR rate that is being abandoned next year after manipulation scandals. More products based on the Swiss Average Rate Overnight (SARON) will follow this year and next, Switzerland's biggest bank said in a statement. It is no longer offering Swiss mortgages based on the London Interbank Offered Rate (LIBOR).

  • Bloomberg

    UBS Offers Negative Rate Holiday to Some Clients After Outflows

    (Bloomberg) -- UBS Group AG is offering some of its wealthiest clients in Switzerland a temporary break from negative interest rates in a bid to attract assets as the coronavirus crisis wreaks havoc on markets.The world’s largest wealth manager is offering a payment holiday of several months to clients that plan to eventually invest some of their cash holdings, according to people familiar with the matter who asked for anonymity to discuss internal information.A spokesman for UBS declined to comment.UBS last year led the way in passing on negative rates to rich clients, but the policy has led to outflows -- $16 billion were pulled in the first quarter to avoid charges -- and is making it harder to attract new money in the current crisis. While investors typically prefer the stability of the Swiss franc in times of turmoil, many are holding more cash and don’t want to be forced to make investment decisions as long as the volatility persists.In addition, the pandemic is reshaping how banks look at deposits, given the surge in demand for credit from companies hit by widescale lockdowns to combat the virus. Credit Suisse Group AG turned to its own ultra-high-net-worth clients to bolster its ability to lend as markets sank in March and companies started drawing down credit lines to weather the coronavirus pandemic, Bloomberg has reported.UBS is discussing the payment holiday on a case-by-case basis, the people said, and the bank plans to recoup lost interest by boosting lending. Swiss lenders have gotten some relief from negative interest rates recently when the country’s central bank increased the amount they can deposit there without being charged.Despite outflows from clients seeking to avoid negative interest rates in Europe, UBS still posted a net $12 billion of inflows across its global wealth management unit in the first quarter.Spreading the PainWhile UBS is offering some flexibility to its richest clients in Switzerland, it has continued a push to pass on the cost of negative rates to a broader client base. Last month it started charging clients in Germany for deposits of as little as 500,000 euros. The threshold was previously at 1 million euros.Credit Suisse is also considering sharing that burden with a broader group of clients over the course of this year, according one person familiar with the matter. It currently charges negative interest rates on deposits above 2 million francs and 1 million euros. A spokesman for the bank said there are no changes at this point but Credit Suisse was closely monitoring market developments.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • UBS Private Wealth Advisor Andrea Bevis Named to Forbes/SHOOK List of Top Women Wealth Advisors
    Business Wire

    UBS Private Wealth Advisor Andrea Bevis Named to Forbes/SHOOK List of Top Women Wealth Advisors

    UBS Private Wealth Management announced today that Andrea Berardino Bevis, Senior Vice President—Wealth Management and a Private Wealth Advisor in the Firm’s New England Complex has been named to Forbes/SHOOK's 2020 List of Top Women Wealth Advisors.

  • Two UBS Financial Advisors from San Diego Named to the Forbes 2020 Top Women Wealth Advisors List
    Business Wire

    Two UBS Financial Advisors from San Diego Named to the Forbes 2020 Top Women Wealth Advisors List

    Courtney Liddy and Kalyn Maher Walker, two San Diego-area UBS financial advisors, have been named to the Forbes 2020 Top Women Wealth Advisors list

  • UBS Declares Coupon Payments on 5 ETRACS Exchange Traded Notes
    Business Wire

    UBS Declares Coupon Payments on 5 ETRACS Exchange Traded Notes

    UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes (the "ETNs"), all traded on the NYSE Arca.

  • Business Wire

    UBS YES INVESTORS: Zamansky LLC Files Claims for UBS YES Investors Seeking To Potentially Recover 40% Losses Suffered

    Zamansky LLC files claims for UBS YES investors to potentially recover their 40% losses since 2018.

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