UBS - UBS Group AG

NYSE - NYSE Delayed price. Currency in USD
11.18
-0.08 (-0.71%)
At close: 4:02PM EDT
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Previous close11.26
Open11.34
Bid0.00 x 4000
Ask0.00 x 45100
Day's range11.17 - 11.39
52-week range10.12 - 14.59
Volume4,745,639
Avg. volume3,211,263
Market cap40.92B
Beta (3Y monthly)1.09
PE ratio (TTM)10.37
EPS (TTM)1.08
Earnings dateN/A
Forward dividend & yield0.69 (6.10%)
Ex-dividend date2019-05-06
1y target est13.50
Trade prices are not sourced from all markets
  • UBS Top Singapore Dealmaker Set to Join Temasek-Backed iSTOX
    Bloomberg

    UBS Top Singapore Dealmaker Set to Join Temasek-Backed iSTOX

    (Bloomberg) -- UBS Group AG’s Singapore investment banking chief Oi Yee Choo is set to join iSTOX, a trading platform backed by Temasek Holdings Pte.Choo will join iSTOX in January as its chief commercial officer and will help drive business growth by building its network of investors and issuers, according to a statement from the company, confirming an earlier Bloomberg report. The dealmaker, who was a managing director at UBS, is leaving the investment banking industry after six years at UBS, according to an internal memo from the Swiss bank obtained by Bloomberg.She will continue to be with UBS until the end of the year, and her clients and functional responsibilities will be reassigned “in due course,” UBS Southeast Asia investment banking head Lauro Baja wrote in the memo. A representative for UBS confirmed the contents of the memo, declining to comment further.Choo, who has about two decades’ experience in the finance industry, previously worked at Morgan Stanley and Nomura Holdings Inc., according to her LinkedIn profile. A representative for iSTOX declined to comment.iSTOX offers issuance, settlement, custody and trading of digitized securities and is a recognized market operator within Monetary Authority of Singapore’s FinTech Regulatory Sandbox. The firm counts Heliconia Capital Management Pte, a subsidiary of Temasek, and Singapore Exchange Ltd. among its shareholders.UBS ranked fourth among arrangers of equity and rights offerings in Singapore so far this year, up from 10th place in 2018, according to data compiled by Bloomberg.(Updates with statement from iSTOX in second paragraph)To contact the reporters on this story: Elffie Chew in Kuala Lumpur at echew16@bloomberg.net;Joyce Koh in Singapore at jkoh38@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Ben ScentFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Virgin Galactic Unveils Spacesuits as IPO Nears
    Zacks

    Virgin Galactic Unveils Spacesuits as IPO Nears

    On Wednesday, Under Armour (UAA) unveiled the spacesuits it is making for people to wear during trips with Richard Branson's Virgin Galactic spaceflight company.

  • UBS Advisor Roger Vierra, Named to The Financial Times 401 Top Retirement Advisors
    Business Wire

    UBS Advisor Roger Vierra, Named to The Financial Times 401 Top Retirement Advisors

    Recognition of an exceptional career in Financial Services

  • 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

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