UBS - UBS Group AG
| Previous close | 19.97 |
| Open | 20.04 |
| Bid | 20.01 x 900 |
| Ask | 20.02 x 1200 |
| Day's range | 19.99 - 20.07 |
| 52-week range | 13.80 - 22.30 |
| Volume | |
| Avg. volume | 5,417,968 |
| Market cap | 62.186B |
| Beta (5Y monthly) | 1.09 |
| PE ratio (TTM) | 10.01 |
| EPS (TTM) | 2.00 |
| Earnings date | N/A |
| Forward dividend & yield | 0.55 (2.82%) |
| Ex-dividend date | 12 Apr 2023 |
| 1y target est | 27.86 |
Yahoo Finance UKTrending tickers: Asos | Mondi | UBS | Palo Alto Networks
The latest investor updates on stocks that are trending on Monday.
- Business Wire
UBS Expects to Complete Credit Suisse Acquisition as Early as 12 June 2023
ZURICH, Switzerland, June 05, 2023-- Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules
ReutersCountdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue
UBS Group takeover of Credit Suisse, arranged by the Swiss authorities to stave off a broader banking crisis, is set to become official as early as June 12, the bank said on Monday. March 9 - Credit Suisse postpones publication of its annual report after a last minute call by the U.S. Securities and Exchange Commission (SEC), which raised questions about its earlier financial statements. March 13 - Credit Suisse shares hit a record low after the entire banking sector sells off in the wake of the collapse of Silicon Valley Bank.
ReutersUBS expects to seal Credit Suisse takeover as early as June 12
ZURICH (Reuters) -UBS expects to complete its takeover of Credit Suisse "as early as June 12", which will create a giant Swiss bank with a balance sheet of $1.6 trillion following a government-backed rescue earlier this year. The deal's completion is subject to the registration statement, which covers shares to be delivered, being declared effective by the U.S. Securities and Exchange Commission, and other remaining closing conditions, UBS said in a statement on Monday. UBS shares were indicated 1.1% higher in premarket activity in Switzerland, while Credit Suisse shares were up 0.7%.
ReutersUBS to retain more than 100 Credit Suisse bankers in Asia -source
(Reuters) -UBS Group AG is looking to retain more than 100 Credit Suisse Group AG investment bankers across Asia as part of a plan to shore up talent in markets where its rival has a stronger presence, a source with direct knowledge of the matter said. Switzerland's biggest bank is in advanced discussions to keep dozens of Credit Suisse's senior dealmakers in countries including South Korea, Thailand, Vietnam and India following its planned takeover, the source told Reuters on Monday, requesting anonymity because the matter is confidential. UBS and Credit Suisse declined to comment on the report.
ReutersUBS considers delaying results after Credit Suisse rescue - FT
"Publication date may change depending on the timing of the closing of the anticipated acquisition of Credit Suisse," the notice says. Executives at Switzerland's biggest bank are weighing delaying the publication of results along with an update on the plans for Credit Suisse’s domestic business, the report said, citing people familiar with the matter whom the newspaper did not name. UBS, which agreed in March to take over its smaller rival as part of a rescue orchestrated by Swiss authorities, has said it aims to close the deal quickly.
Business WireAdvisor team The BG Group joins UBS in New York City
NEW YORK, June 02, 2023--UBS today announced that Financial Advisors Michael Bromberg, Daniel A. Gerschel, Joshua Ellner, Rob Mancino and Craig Weinstein, have joined the firm in New York City. Together with their team, The BG Group, they manage more than $2.5 billion in client assets for high net worth individuals and families. They join the UBS Manhattan Wealth Management Market and will be based in the firm’s 1285 Avenue of the Americas office, managed by Market Director Kellie Brady.
Business WireIgnatius Liu and Cathy Lok join UBS as Financial Advisors in Houston, TX
HOUSTON, June 02, 2023--UBS today announced that Financial Advisors Ignatius (Iggy) Liu and Cathy Lok have joined the firm in Houston, Texas, based in The Woodlands office. Their team, AWIS Investment Group, also includes Senior Client Associate Sandra Cooper. Together they focus on helping business owners and families navigate through various business cycles, including venturing into new enterprises, expanding operations, and transitioning into the legacy phase.
ReutersLogs show Fed's Powell in whirlwind of meetings during March banking turmoil
Powell's monthly meeting logs for March, released by the Fed on May 5, showed the U.S. central bank chief spoke with Ralph Hamers, then the UBS chief executive, for 30 minutes on March 14. That was five days before UBS agreed to buy Credit Suisse in a deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking.
Business WireUBS advisor Matt Odom named to Forbes Best-In-State Wealth Advisors List
KNOXVILLE, Tenn., June 01, 2023--UBS Wealth Management USA announced today that Financial Advisor and Senior Portfolio Manager Matt Odom, based in the firm’s Knoxville, Tennessee office, has been named to the Forbes Best-In-State Wealth Advisors list for 2023.
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.
