UBS - UBS Group AG
After hours:
| Previous close | 19.47 |
| Open | 19.06 |
| Bid | 0.00 x 1800 |
| Ask | 0.00 x 4000 |
| Day's range | 18.76 - 19.08 |
| 52-week range | 13.80 - 22.30 |
| Volume | |
| Avg. volume | 5,461,855 |
| Market cap | 58.767B |
| Beta (5Y monthly) | 1.09 |
| PE ratio (TTM) | 9.65 |
| EPS (TTM) | 1.96 |
| Earnings date | N/A |
| Forward dividend & yield | 0.55 (2.82%) |
| Ex-dividend date | 12 Apr 2023 |
| 1y target est | 27.86 |
Business WireUBS Announces Redemption of Two ETNs
NEW YORK, May 31, 2023--UBS AG announced today that it will redeem all of the outstanding securities in each of the two series of UBS-issued exchange traded notes set forth in the following table (collectively, the "ETNs"). UBS AG expects to deliver redemption notices with respect to each of the ETNs to holders of the applicable ETNs with Call Settlement Dates as set forth in the table below.
Business WireUBS Releases Statement Regarding Use of U.S. Dollar LIBOR Rate for Fifteen ETNs
NEW YORK, May 31, 2023--The UK Financial Conduct Authority announced that the three-month USD LIBOR settings will either cease publication or no longer be representative after June 30, 2023. UBS AG is issuing this press release to provide notice that UBS Securities LLC, in its role as the Security Calculation Agent or Calculation Agent of each LIBOR-linked ETN (defined below), has determined a successor rate that will replace the use of the three-month U.S. Dollar London Interbank Offered Rate (
ReutersCredit Suisse bankers leaving by the hundreds every week - sources
Hundreds of Credit Suisse's employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS, two people familiar with the matter said on Wednesday. Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said. Swiss newspaper Blick reported earlier on Wednesday that each day around 150 people worldwide were resigning from Credit Suisse while one of the two people said they saw about 200 resignations a week.
BloombergUBS Family Office Clients Boost Hedge-Fund Bets Amid Volatility
(Bloomberg) -- UBS Group AG’s family office clients have increased allocations to hedge funds as they focus on active ways of managing their money to help navigate the shifting macroeconomic landscape.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World’s Richest Families in Wealth BetMcCarthy
ReutersExclusive-Credit Suisse axes China bank plan to avoid regulatory conflict under UBS-sources
HONG KONG/SHANGHAI (Reuters) -Credit Suisse has scrapped plans to set up a locally incorporated bank in China to sidestep a potential regulatory conflict arising from its merger with UBS, said two sources with direct knowledge of the matter. Embattled Credit Suisse had been preparing for years to set up a wholly owned local bank in China. The reason for the Swiss lender's decision was that UBS, which is acquiring Credit Suisse as part of a government-orchestrated rescue of its smaller rival, already has a locally incorporated bank in China, said the sources.
ReutersSwitzerland's Social Democrats propose shrinking UBS
ZURICH (Reuters) -Switzerland's Social Democratic Party has drawn up a proposal to shrink UBS assets after its takeover of Credit Suisse to reduce the risk of another expensive state-backed rescue, its lawmaker was quoted as saying on Tuesday. It was not clear, though, how much traction the proposal, which was presented by Samira Marti in an interview with Swiss newspaper Aargauer Zeitung, can get. The combined bank will have a balance sheet of around 1.5 trillion Swiss francs - roughly double the size of the Swiss economy, posing enormous risks to the country especially as it enjoys an implicit state guarantee, Marti said.
ZacksUBS Group (UBS) to Shut TBA Trading in US Mortgage Unit
UBS Group (UBS) plans to wind down to-be-announced ("TBA") trading in U.S. mortgage unit. This is in line with efforts to shift business strategy and concentrate on financing mortgage originators.
BloombergUBS Winds Down a US Trading Unit in Mortgages, Retains Financing
(Bloomberg) -- UBS Group AG is winding down a business in its US mortgage unit that focuses on “to-be-announced” trading, which involves forward sales of such securities. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking DownThe Swiss bank has been shif
- Zacks
UBS' Buyout of Credit Suisse Gets EU Antitrust Approval
UBS Group AG's (UBS) acquisition of Credit Suisse Group AG receives the European Commission's nod after the latter concluded that the deal would not raise competition concerns.
Business WireFour UBS wealth management advisors in Hawaii named to Forbes and Barron’s Top Advisor Lists
HONOLULU, May 25, 2023--Four UBS financial advisors in Hawaii: Matthew Megorden, Daniel Shiu, Kyle Yoneshige and Lori Hamano, named to Barron’s and Forbes recognition lists.
ZacksUBS (UBS) Down 1.5% Since Last Earnings Report: Can It Rebound?
UBS (UBS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
BloombergEU Clears UBS Deal to Take Over Embattled Credit Suisse
(Bloomberg) -- The Swiss government-brokered sale of Credit Suisse Group AG to UBS Group AG won European Union approval after regulators said the deal wouldn’t raise any significant competition issues.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before BustUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseJPMorgan Tells
ReutersUBS gains EU antitrust approval to acquire Credit Suisse
UBS on Thursday won unconditional EU antitrust approval to acquire Credit Suisse as part of a government-orchestrated rescue of its Swiss rival. The European Commission said the deal would not raise competition concerns in Europe, confirming a Reuters story earlier this month. UBS, which is twice as big as Credit Suisse by assets, agreed to buy its competitor for 3 billion Swiss francs in stock and to assume up to 5 billion francs in losses in March, in a shotgun merger engineered by Swiss authorities to avert contagion in global banking.
ZacksBank of Montreal (BMO) Stock Down 4.6% as Q2 Earnings Fall Y/Y
The acquisition of Bank of the West supports Bank of Montreal's (BMO) fiscal Q2 results as revenues increase. Yet, higher expenses and provisions act as headwinds.
ReutersUBS in talks with Swiss authorities over Credit Suisse deal protections
The disclosure underscores how some aspects of the tie-up between the two banks, arranged hastily over a weekend in mid-March by the Swiss government to stave off a broader banking crisis, have yet to be ironed out. The Swiss government agreed at the time to shoulder up to 9 billion Swiss francs ($10.12 billion) in potential losses from the deal and offered liquidity assistance of up to 100 billion Swiss francs. UBS said in the filing that it expected the main terms of the loss protection agreement to be agreed prior to the acquisition of Credit Suisse being completed.
Business WireUBS declares quarterly coupon payments on Exchange Traded Note: AMUB
NEW YORK, May 23, 2023--UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: "AMUB"), traded on the NYSE Arca.
ReutersStandard Chartered CEO: Credit Suisse sale to UBS was 'surprising'
DOHA (Reuters) -Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was "surprising" given the "unusual" terms of the deal, which prioritised shareholders over bondholders. "The conclusion was very surprising to me, in terms of the way that the bank was resolved through this very unusual sale to UBS, with associated unusual payments to shareholders versus bondholders," Winters told an audience at the Qatar Economic Forum, organised by Bloomberg. Under the rescue deal, engineered by Swiss authorities over one March weekend amid global banking turmoil, UBS agreed to buy Credit Suisse for 3 billion Swiss francs ($3.4 billion) in stock and to assume up to 5 billion francs in losses that would stem from winding down part of the business.
ReutersCredit Suisse bankruptcy event has not occurred - CDS panel
(Reuters) -A derivatives committee ruled on Monday that a bankruptcy credit event had not occurred in relation to Credit Suisse, quashing investors' efforts to trigger a payout on credit insurance linked to the Swiss lender. The ruling was in response to an investor question about $17 billion in senior and subordinated bonds issued by Credit Suisse whose holders were wiped out when the Swiss bank was taken over by UBS in March in a state-assisted deal. It should not surprise investors who have read the Credit Suisse prospectuses, said Philip Jacoby, chief investment officer at Spectrum Asset Management in Stamford, Connecticut, one of the biggest holders of the bank's debt months before its takeover.
BloombergHot Credit Suisse CDS Trade Risks Being Wrecked by Hedge Funds
(Bloomberg) -- Hedge funds looking to trigger payouts on derivatives tied to Credit Suisse Group AG are clashing with investors that piled into a different hot trade.Most Read from BloombergDisney Closes Florida Star Wars Hotel, Scraps Plan to Move 2,000 EmployeesWall Street Fears $1 Trillion Aftershock From Debt DealMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks DownMorgan Stanley CEO Gorman to Step Down Within 12 MonthsNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedThe
BloombergUBS Hires Former Credit Suisse Australia Syndicate Head Usasz
(Bloomberg) -- UBS Group AG has hired Credit Suisse Group AG’s former Australian equity capital markets syndicate banking head Tim Usasz.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsUkraine Leader Zelenskiy to Visit Hiroshima in Bid to Rally AidThe Sydney-based banker will
Simply Wall St.UBS Group AG (VTX:UBSG) is largely controlled by institutional shareholders who own 62% of the company
Key Insights Significantly high institutional ownership implies UBS Group's stock price is sensitive to their trading...
Business WireFinancial Advisors Paul Cuneo & Timothy Denihan join UBS in the Garden City, NY
GARDEN CITY, N.Y., May 18, 2023--UBS Wealth Management USA today announced that Paul L. Cuneo has joined the firm as a Managing Director and Financial Advisor in Garden City, New York. Paul joins with his team, Cuneo, Denihan & Associates which also includes Financial Advisor Tim Denihan and Client Service Associates Melissa Poyer and Patrick Lively.
ReutersExclusive-Qatar fund explored claims against Switzerland for Credit Suisse losses
Qatar's sovereign wealth fund, Credit Suisse's second-largest investor, has explored seeking redress for losses incurred by the bank's takeover, two people familiar with the matter said, as legal challenges to Switzerland's state-backed rescue mount. The Qatar Investment Authority (QIA) sought legal advice on whether it had any claim against Swiss authorities, including through international arbitration, after Credit Suisse Group AG's forced sale to UBS Group AG at a fraction of its market value, the two sources said.
ReutersCredit Suisse bond wipe-out will not trigger credit insurance payout
LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after a committee that adjudicates on disputes in the derivatives market said on Wednesday the bank's state-engineered merger with UBS was not a credit event. The Swiss bank in March was taken over by UBS in a state-assisted rescue deal that wiped out Credit Suisse's $17 billion Additional Tier 1 (AT1) bondholders. "A Governmental Intervention Credit Event had not occurred," the EMEA Credit Derivatives Determination Committee (CDDC) said in a statement on its website, responding to a question from an investor last week.
- Zacks
UBS Group (UBS) Notes Likely Losses, Gains From Credit Suisse Deal
Fair value adjustments of the combined group's financial assets and liabilities, litigation provisions, and other factors are expected to hit UBS Group (UBS) shareholders' equity by $28.3 billion.