UBS - UBS Group AG

NYSE - NYSE Delayed price. Currency in USD
11.05
-0.05 (-0.45%)
At close: 4:02PM EDT
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Previous close11.10
Open11.10
Bid0.00 x 29200
Ask0.00 x 39400
Day's range11.05 - 11.15
52-week range10.12 - 14.59
Volume1,734,762
Avg. volume3,242,835
Market cap40.613B
Beta (3Y monthly)1.09
PE ratio (TTM)10.25
EPS (TTM)1.08
Earnings dateN/A
Forward dividend & yield0.69 (6.18%)
Ex-dividend date2019-05-06
1y target est13.50
Trade prices are not sourced from all markets
  • Luke L. Wiley, CFP® UBS Managing Director of Wealth Management, Named to Forbes' 2019 Best-In-State Wealth Advisors
    Business Wire

    Luke L. Wiley, CFP® UBS Managing Director of Wealth Management, Named to Forbes' 2019 Best-In-State Wealth Advisors

    Wiley's pursuit of excellence started early in life. Attending the University of Cincinnati College of Business on a soccer scholarship, Wiley graduated with a triple major in finance, accounting and real estate. After graduation, Wiley started his wealth management career more than two decades ago and has established a special niche for himself and his team within the Procter & Gamble community across the United States.

  • Business Wire

    UBS's Jason Stephens Named to Forbes List of America’s Top Wealth Advisors

    Jason E. Stephens, CFP ®, Managing Director and founder of The Stephens Group at UBS Private Wealth Management, has been named one of America’s Top Wealth Advisors by Forbes in conjunction with SHOOK Research. With over 100,000 investment advisors in the U.S., SHOOK Research vetted and ranked top advisors using numerous criteria including personal interviews, industry experience, compliance record, client retention along with additional algorithms of qualitative criteria. This was Stephens third year receiving this prestigious recognition and one of many awards in his career including Barron's Top 1,200 Advisors in America for the past seven years, Financial Times top 400 Advisors in America 2016, and Top 40 under 40 Advisors in America 2015.

  • BlackRock Eyes Partnership With Tencent to Expand in China
    Zacks

    BlackRock Eyes Partnership With Tencent to Expand in China

    BlackRock (BLK) is in preliminary talks with Tencent over the past year to develop a partnership in an effort to expand in the China mutual fund market.

  • Business Wire

    NOTICE TO UBS CUSTOMERS WITH YES ACCOUNTS: Klayman & Toskes, P.A. Continues to Investigate UBS as 48 FINRA Arbitration Claims Have Been Filed

    The Securities Arbitration Law Firm of Klayman & Toskes, P.A., http://www.klaymantoskes.com/, continues its investigation into the Yield Enhancement Strategy (“YES”) recommended by UBS (UBS) to its customers. The investigation focuses on the firms’ sales practices in connection with the recommendation of the high-risk YES program for customers who sought conservative investments. High net-worth investors seeking conservative investments to preserve their principal were encouraged to participate in the YES program and were told it was a low-risk strategy to generate additional income.

  • Business Wire

    UBS declares coupon payments on 22 ETRACS Exchange Traded Notes

    PYPE:              linked to the NYSE® Pickens Core MidstreamTM Index

  • Business Wire

    UBS to substitute issuer for outstanding UBS Group Funding (Switzerland) AG instruments

    Migration of total loss-absorbing capacity instruments by mid-October of 2019

  • Top Credit Suisse Investor Says Don’t Fire Executives for Spying
    Bloomberg

    Top Credit Suisse Investor Says Don’t Fire Executives for Spying

    (Bloomberg) -- Credit Suisse Group AG’s top shareholder expressed alarm at the prospect of ousting top executives over the surveillance of former wealth management head Iqbal Khan.“We are fully supportive of CS’s management actions taking any legal steps necessary to protect the company and think it would be damaging to CS and its stakeholders to lose any member of senior management over this issue,” said David Herro, deputy chairman of Chicago-based Harris Associates, which holds an 8.1 percent Credit Suisse stake.Herro’s comments underscore how quickly a drama mingling the personal and professional rivalries among the Swiss financial elite has engulfed Credit Suisse. The fate of top officials, including Chief Executive Officer Tidjane Thiam, hangs in the balance as law firm Homburger wraps up the final stages of its inquiry into the matter.The bank’s board of directors will likely meet early next week on the issue after receiving the final report from Homburger. Chairman Urs Rohner will move swiftly to take punitive action against the institution’s senior officials if they’re found to be responsible, a person familiar with the situation said, asking not to be identified because of the sensitivity of the matter.Former Credit Suisse and UBS Group AG chief Oswald Gruebel took the opposite tack to Herro earlier this week, saying Thiam should be fired if the reports are confirmed, particularly if the scandal had its roots in a personal conflict between the CEO and Khan.The management crisis stems from the bank’s hiring of a private investigation firm to shadow Khan because of fears he would poach former colleagues for his new employer, crosstown rival UBS Group AG, where he’s scheduled to begin work Oct. 1. It emerged after a confrontation in downtown Zurich last week between Khan and the investigators.Rohner has tasked board member John Tiner with leading the internal probe, a person familiar with the situation said. A spokesman for Credit Suisse referred to a statement from the board on Monday which said: “As soon as the investigation is completed, the Board of Directors will inform of its findings. Until this time, no further information can be released.” Homburger declined to comment.In the meantime, the details of the feud between Thiam and Khan that started it all are leaking through the allies of both men.Tensions mounted in January during a party at Thiam’s house in the upscale neighborhood of Herrliberg outside Zurich when the two men had an argument, people familiar with the situation have said. When a corporate reorganization came in February, Khan’s responsibilities stayed the same, even as two colleagues were elevated to the executive committee. The rift widened as Khan’s name surfaced as a candidate to for the top job at Julius Baer Group Ltd.Khan left Credit Suisse almost three months ago, and UBS in August enlisted him for a key role at its wealth-management business as part of a wider shake-up.But the drama continued after Credit Suisse hired the private investigator to shadow its former employee. Khan was followed by unidentified men while driving his car with his wife last week, several people briefed on the events said previously. He eventually noticed that he was being followed and took pictures of his pursuers, which led to a physical confrontation when the men tried to take away his mobile phone, the people said.A report from the private security firm hired by Credit Suisse paints a different picture. Investigo GmbH, which offers cash collection, investigations and security services, said its employee was acting alone and “defensively,” contradicting earlier accounts.To contact the reporters on this story: Jan-Henrik Förster in London at jforster20@bloomberg.net;Patrick Winters in Zurich at pwinters3@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, ;Dale Crofts at dcrofts@bloomberg.net, James HertlingFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire

    Family Offices in North America Take Steps to Weather Short-Term Volatility

    UBS/Campden Wealth Global Family Office Report 2019, the world’s leading family office research study, offers insight into performance, investments and structural issues

  • UBS Signs Memorandum of Understanding With Banco do Brasil
    Zacks

    UBS Signs Memorandum of Understanding With Banco do Brasil

    UBS Group's (UBS) strategic alliance to improve customer base and efforts to tap into opportunistic growth areas seem encouraging.

  • UBS, Banco do Brasil to create investment banking venture in South America
    Reuters

    UBS, Banco do Brasil to create investment banking venture in South America

    Switzerland's UBS Group AG and state-controlled Banco do Brasil SA signed a preliminary agreement on Monday to create a joint venture in investment banking in South America, the Brazilian bank said in a securities filing. According to the filing, the new joint venture will provide investment banking services in Brazil and a number of other South American countries: Argentina, Chile, Peru, Paraguay and Uruguay.

  • Business Wire

    UBS and Banco do Brasil Sign Non-Binding Memorandum of Understanding to Launch a Leading Investment Bank in South America

    UBS AG ("UBS") and Banco do Brasil have entered a non-binding Memorandum of Understanding, with the intent of establishing a strategic partnership that would provide investment banking services and institutional securities brokerage in Brazil and in select countries in South America. If a partnership agreement is executed, the intention of both UBS and Banco do Brasil is to jointly provide investment banking services in Brazil, Argentina, Chile, Paraguay, Peru and Uruguay through the partnership, which will have access to Banco do Brasil's corporate clients and UBS's global execution and distribution capabilities.

  • Commerzbank Proposes Strategic Overhaul to Boost Profits
    Zacks

    Commerzbank Proposes Strategic Overhaul to Boost Profits

    In sync with its efforts to strengthen operations, Commerzbank (CRZBY) proposes strategic revamp of its businesses.

  • Corrected: Swiss probe incident involving ex-Credit Suisse banker Khan, private detectives
    Reuters

    Corrected: Swiss probe incident involving ex-Credit Suisse banker Khan, private detectives

    Prosecutors have opened a criminal probe into an incident in which Credit Suisse allegedly hired private detectives to shadow the Swiss bank's ex-wealth management head, Iqbal Khan, the Zurich attorney's office said on Monday. Khan, a rising star in Swiss finance, is moving to rival bank UBS to head its wealth management unit in October, just three months after leaving Credit Suisse. Swiss newspaper SonntagsZeitung, without citing its sources, reported on Sunday that Credit Suisse had hired three detectives to investigate whether Khan was seeking to lure its employees to UBS.

  • Swiss probe incident involving ex-Credit Suisse banker Khan, private detectives
    Reuters

    Swiss probe incident involving ex-Credit Suisse banker Khan, private detectives

    Prosecutors have opened a criminal probe into an incident in which Credit Suisse allegedly hired private detectives to shadow the Swiss bank's ex-wealth management head, Iqbal Khan, the Zurich attorney's office said on Monday. Khan, a rising star in Swiss finance, is moving to rival bank UBS to head its wealth management unit in October, just three months after leaving Credit Suisse. Swiss newspaper SonntagsZeitung, without citing its sources, reported on Sunday that Credit Suisse had hired three detectives to investigate whether Khan was seeking to lure its employees to UBS.

  • UBS won't pass negative interest rates to small savers - COO
    Reuters

    UBS won't pass negative interest rates to small savers - COO

    "It is our clear goal to spare the small savers," Sabine Keller-Busse told the paper in an interview with Swiss weekly NZZ am Sonntag published on Sunday. Interest rates are at record lows, and official borrowing rates have turned negative in large parts of the developed world. The Swiss National Bank (SNB) last week left its main policy rate at -0.75% and said it expects to stick to its ultra-loose monetary stance for the long haul.

  • Saudi Aramco hires UBS, Deutsche as bookrunners for its IPO: sources
    Reuters

    Saudi Aramco hires UBS, Deutsche as bookrunners for its IPO: sources

    LONDON/DUBAI (Reuters) - Saudi state oil company Aramco has hired UBS Group and Deutsche as bookrunners for its initial public offering, two sources familiar with the matter said, in a sign that the deal is moving ahead despite a recent attack on Saudi oil facilities. Aramco has started informing banks about the bookrunners' roles, one of the sources said. Aramco finalised nine banks for top roles as global coordinators in recent weeks, Reuters has reported.

  • Reuters - UK Focus

    UPDATE 2-Saudi Aramco hires UBS, Deutsche as bookrunners for its IPO-sources

    LONDON/DUBAI, Sept 21 (Reuters) - Saudi state oil company Aramco has hired UBS Group and Deutsche as bookrunners for its initial public offering, two sources familiar with the matter said, in a sign that the deal is moving ahead despite a recent attack on Saudi oil facilities. Aramco has started informing banks about the bookrunners' roles, one of the sources said.

  • Bloomberg

    UBS Bets on China’s Nasdaq-Style Exchange to Offset a Ban in Hong Kong

    (Bloomberg) -- UBS Group AG, which runs the biggest foreign-controlled investment bank in China, is counting on the nation’s new Nasdaq-style exchange to mitigate the impact of an underwriting ban in Hong Kong, according to people familiar with the matter.Beijing-based UBS Securities Co. aims to boost fees from arranging share sales on the technology board, known as STAR Market, to 20% of its stock underwriting income from the mainland by December, said the people, asking not to be identified since the projections are confidential. The contribution may reach 50% as soon as next year, with the bank working on two first-time offerings that may raise up to 3 billion yuan ($423 million), they said.UBS, one of two foreign ventures approved to sponsor initial public offerings on Shanghai’s STAR Market, is betting that the high commissions from these issuances will partly offset a revenue decline in Hong Kong, where it has been banned from sponsoring IPOs till April. The Swiss bank is among those expanding in China after taking majority control of its local securities unit as the nation loosens restrictions on foreign participants in its $43 trillion financial industry.“The fees are lucrative,” said Liu Wencheng, co-head of investment banking at UBS Securities. “We are actively mobilizing resources to dig and cultivate high quality tech-innovation companies to tap the opportunity.”Liu wouldn’t comment directly on the bank’s plans for STAR Market.UBS is also focusing to the new bourse after mainland investment banking revenues, including fees from arranging debt sales, dropped 48% last year as the number of large deals shrank, according to the people familiar. In March, it was fined HK$375 million ($48 million) to settle cases brought by Hong Kong authorities and became the only foreign bank banned from sponsoring IPOs for 12 months.The Swiss bank underwrote IPOs totaling $317 million in Hong Kong this year, compared with $1.6 billion in 2018, according to data compiled by Bloomberg. Its tally on the mainland is about $98 million for 2019.A Hong Kong-based spokesman declined to comment on the details of UBS’s China plans.The STAR Market, launched in July, has been hailed as a testing ground for relaxed rules on listing and trading as policy makers seek to stem an exodus of new economy IPOs to Hong Kong and the U.S.For investment banks, there’s the carrot of higher fees. Underwriters typically charge issuers 1.5% to 2% fees for Hong Kong listings, compared with an average 7% on the tech board, according to the people. Also, unlike in Hong Kong, Chinese regulators have capped the number of banks involved to one if the issuer’s IPO size is less than 10 billion yuan.Sponsors on the tech board are required to co-invest in between 2% and 5% of the shares issued by their clients, an unusual arrangement that may limit foreign players’ interest in leading deals due to their limited capital base onshore.To shore up available capital, UBS is seeking special approval to use the Qualified Foreign Institutional Investors program to co-invest in tech board IPOs, the people said.To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.netTo contact the editors responsible for this story: Candice Zachariahs at czachariahs2@bloomberg.net, Jun LuoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    UBS ‘Raid’ of Credit Suisse in U.S. Prompts $9 Million Slap

    (Bloomberg) -- A public spat between a pair of Swiss banking giants that erupted almost four years ago is now finally ending with a payment.It began in 2015, when Credit Suisse Group AG accused crosstown rival UBS Group AG of unfairly poaching staff from its U.S. private banking business. UBS Chief Executive Officer Sergio Ermotti personally shot back, insisting at a news conference his firm did nothing wrong.After examining a claim and counterclaim -- plus a revised counterclaim -- a team of arbitrators quietly reached their verdict last week: UBS must pay Credit Suisse $9 million.A copy of the ruling posted online Tuesday doesn’t elaborate on the reasoning behind the award. The companies quickly disagreed on how to interpret it -- with Credit Suisse declaring victory and UBS noting its rival had demanded even more.“This award issued today confirms Credit Suisse’s view that UBS engaged in serious misconduct in connection with its raid of Credit Suisse employees and materials privy to Credit Suisse,” Credit Suisse said in a statement. It praised the trio of arbitrators arranged by the Financial Industry Regulatory Authority. “The panel took the time to carefully review the considerable evidence.”The fracas began when Credit Suisse retreated from managing wealth for U.S. clients. In October 2015, the bank reached an agreement to give Wells Fargo & Co. an inside track on recruiting its private bankers. But within weeks, about 70 of 300 relationship managers included in the deal left for UBS, a person familiar with the matter said at the time.On Tuesday, UBS stood by its position that it acted within the rules after Credit Suisse’s decision to exit the U.S. private-banking business.“UBS believes that these claims were without merit and that this is a bad decision that is out of line with the applicable law,” the bank said in a statement. “While we don’t believe any award was justified, UBS notes that the claimant received only a fraction of what it sought.”(Updates with 2015 events in sixth paragraph.)To contact the reporter on this story: Sonali Basak in New York at sbasak7@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, David Scheer, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • UBS Financial Advisor Sean Dillon Named to Forbes List of Top Wealth Advisors
    Business Wire

    UBS Financial Advisor Sean Dillon Named to Forbes List of Top Wealth Advisors

    Recognition of an exceptional career in Financial Services

  • U.S. Is Pursuing More Charges at JPMorgan Over Metals Trades
    Bloomberg

    U.S. Is Pursuing More Charges at JPMorgan Over Metals Trades

    (Bloomberg) -- Federal prosecutors are closing in on JPMorgan Chase & Co. officials in an investigation of price rigging in precious metals markets.With help from at least two of the bank’s former traders who pleaded guilty, the government is looking to bring charges against people higher up the chain at the bank, two people familiar with the years-old inquiry said. Just last month, a managing director who oversaw global precious-metals trading was placed on leave along with another employee, other people said.The traders who admitted guilt said the manipulation was routine, sanctioned by higher-ups and went on for years. “While at JPMorgan I was instructed by supervisors and more senior traders to trade in a certain fashion, namely to place orders that I intended to cancel before execution,” former trader John Edmonds said at a October 2018 hearing after pleading guilty to commodities fraud and conspiracy.The JPMorgan investigation grew out of a multibank U.S. crackdown on manipulation of commodities markets using techniques including spoofing, in which traders place orders without intending to execute them to try to move prices in their favor. The Justice Department has brought criminal charges against 16 people, including traders who worked for Deutsche Bank AG and UBS Group AG. Seven pleaded guilty, one was convicted at trial and another was acquitted.Deutsche Bank, HSBC Holdings Plc and UBS last year agreed to pay a total of about $50 million to settle civil claims by the Commodity Futures Trading Commission that the firms’ traders engaged in spoofing techniques to manipulate prices of precious-metals futures. Deutsche Bank agreed to pay $30 million, UBS $15 million and HSBC $1.6 million. The banks didn’t admit or deny wrongdoing.Peter Carr, a Justice Department spokesman, declined to comment. The bank disclosed the Justice Department inquiry in company filings earlier this year, saying it was cooperating with the Justice Department and other authorities.Michael Nowak, the managing director who was previously named in a civil suit, was placed on leave in August along with Gregg Smith, according to the people familiar with the matter. Nowak didn’t respond to a request for comment, and Smith couldn’t be reached. The moves were reported earlier by Reuters.JPMorgan officials believe the probe is limited to the bank’s trading desk, one of the people familiar with the matter said. Investigators are examining a paper trail related to the spoofing activities, another person said, in addition to drawing on testimony from former insiders.One of those insiders, Christiaan Trunz, a former trader for Bear Stearns and JPMorgan, told a federal judge in Manhattan last month that spoofing trades of precious metals was rampant at the bank for nearly a decade and that he was taught how to do it from other traders at JPMorgan. Trunz, who pleaded guilty on Aug. 20 to two federal fraud charges, said he manipulated futures markets for gold, silver, platinum and palladium from offices in New York, London and Singapore from 2007 to 2016.“It is understood that spoofing was a strategy that we used to trade precious metals futures,” Trunz said.Trunz was echoing descriptions offered by Edmonds, another trader, who several months earlier pleaded guilty for transactions involving silver futures. He said the conspiracy ran from 2009 to 2015 and involved hundreds of trades that he made personally. Edmonds said he was taught how to rig the market by veterans and supervisors.“I was instructed that if a client wished to sell futures I should simultaneously place both bids and offers with the intent of canceling the bids prior to execution,” Edmonds said during his plea hearing.Edmonds said the purpose was to falsely transmit liquidity and price information in order to deceive other market participants about the supply and demand so they would trade against the orders that JPMorgan wanted to execute.“We created market activity which artificially drove the sale price up and induced other market participants to purchase at an inflated price,” he said. Edmonds entered into a cooperation agreement with the CFTC in July.After Edmonds pleaded guilty, JPMorgan was hit with a proposed class action lawsuit by investors that also names Nowak and another onetime managing director, Robert Gottlieb. Gottlieb didn’t respond to a request for comment.That civil case was put on hold in February after the Justice Department intervened, claiming that the litigation could harm its criminal investigation.\--With assistance from Michelle F. Davis, Mark Burton and Ben Bain.To contact the reporters on this story: Tom Schoenberg in Washington at tschoenberg@bloomberg.net;Joe Deaux in New York at jdeaux@bloomberg.netTo contact the editors responsible for this story: Jeffrey D Grocott at jgrocott2@bloomberg.net, David S. Joachim, Peter BlumbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Deutsche Bank is first to settle bond-rigging lawsuit, amid federal probe
    Reuters

    Deutsche Bank is first to settle bond-rigging lawsuit, amid federal probe

    Deutsche Bank AG will pay $15 million to resolve claims it conspired to rig prices of bonds issued by Fannie Mae and Freddie Mac , becoming the first of 16 financial services companies to settle litigation by investors. The German bank did not admit wrongdoing in agreeing to the settlement, which also requires that it bolster its antitrust compliance procedures and cooperate with the investors. The settlement was disclosed in filings late Wednesday in Manhattan federal court.

  • Business Wire

    UBS Announces Significant Enhancements to Its Equity Compensation Plan Offering

    UBS Wealth Management USA announced a series of significant enhancements to its equity compensation plan services and digital platform. UBS equity compensation plan clients and the

  • Business Wire

    Six Greater Boston Market UBS Advisors Named to 2019 Forbes Best-In-State Next Generation Wealth Advisors

    Forbes’ award recognizes an exceptional career in financial services

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