|Bid||12.16 x 28000|
|Ask||0.00 x 28000|
|Day's Range||12.53 - 12.88|
|52 Week Range||12.53 - 20.89|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||28.12|
|Forward Dividend & Yield||0.65 (4.74%)|
|1y Target Est||19.89|
In the past six months, the number of analysts tracking LyondellBasell (LYB) fell from 23 to 20. Analysts’ consensus view indicates a target price of $106.5 for LyondellBasell, which implies a return potential of 20.7% over the closing price as of December 6. In the past three months, analysts have reduced their target price from $120.25 to the current target price.
THINGS TO KNOW A policy reversal by Financial Services this week spotlights the tussle between brokers and their employers over which of them owns the relationship with clients, writes InvestmentNews.
UBS Global Wealth Management released today a new report that unveils the majority of art collectors are going online and using social platforms to stay at the forefront of the art market year round. Released during Art Basel in Miami Beach, this special Investor Watch Pulse Report, titled “Art in Motion,” studies the attitudes and behaviors of fine art collectors in the U.S. with at least $5m+ in investable assets.
UBS Financial Services Inc.'s San Diego Market recently expanded its offices in La Jolla to the first floor level of its current address at 1200 Prospect St. The open and airy office operates as the main office for all 150+ UBS financial advisors and staffers in San Diego, with several other branches still located around the county in Rancho Bernardo, Carmel Valley and downtown. All details were designed by UBS to enhance the client meeting experience and ease of community engagement. The modern architecture provides expansive views of La Jolla Cove with windows that open to capture the Pacific Ocean breeze and is designed with comfortable living room-style seating and a community table in the common areas.
The new assessments of equity and bond funds will include pollution, ethics and climate change. Assets under management in U.S.-based socially responsible investing strategies climbed to $12 trillion at the start of 2018. "We absolutely hear about [ESG] from clients up and down the demand spectrum," says Gregg Trinks, head of UBS' Americas fund investment solutions.
will become the first foreign bank in China to increase its stake in a local securities joint venture to 51 per cent, in a sign that the country is making good on promises to open up its financial sector to overseas competition. The Swiss bank said on Saturday that it had gained clearance from the China Securities Regulatory Commission to take its holdings in Beijing-based UBS Securities from 24.99 per cent to 51 per cent.
Group AG to become the first foreign bank to take control over a local securities business as Wall Street firms wait yet for further access. The Chinese securities regulator said late Friday Beijing time that it would let UBS increase its stake in Beijing-based UBS Securities Co. to 51%. UBS Group, which currently holds almost 25% in the local venture, said in a statement that it would acquire additional stakes from state-owned asset manager China Guodian Capital Holdings, and state-owned grain trader Cofco Group.
HONG KONG/SINGAPORE (Reuters) - China's securities regulator on Friday gave approval for UBS Group to hold the majority stake in its securities joint venture, making it the first foreign bank to take such control under new rules announced by Beijing last year. The Swiss bank, which currently owns 24.99 percent of the UBS Securities Co joint venture, had applied in May this year to the China Securities Regulatory Commission (CSRC) to raise its stake to 51 percent.
TD Bank's (TD) Q4 results reflect strong fundamentals. However, ongoing global economic certainty and trade war-related concerns may hurt its profitability.
Canadian Imperial's (CM) fourth-quarter fiscal 2018 results reflect an improvement in revenues and a strong balance sheet. However, dismal fiscal 2019 earnings outlook hurts investors' sentiments.
UBS, Global Lead Partner of Art Basel for over 25 years, will kick off the opening of Art Basel Miami Beach (December 6-9, 2018) with the release of a new report, surveying the attitudes and behaviors of US-based wealthy fine art collectors. According to the 2018 Art Basel and UBS Global Art Market Report, the U.S. continued to hold strong as the leading market for the world’s top 200 collectors, of whom 50% are based in the U.S. Moreover, 68% of global art dealers also cited the U.S. among their top three most important buyer nationalities. "Art Basel in Miami Beach sits at the nexus of North America and Latin America and we have had incredible interest in the show from across our global collecting community this year.
Bank of America (NYSE:BAC) may have broken the cardinal rule of running a consumer-facing business: if it’s not broke, don’t fix it. The relationship between brokers and their employers can be a tenuous one though, and if for some reason the economy falters and stocks stop performing, dissension in the broker ranks could end up doing more damage to the value of Bank of America stock than most investors suspect. If you’re a Merrill Lynch client and things have seemed increasingly ‘off’ the past few months, you’re not crazy.
Global personal wealth reached a record $201.9 trillion last year, according to Boston Consulting Group Inc. Giants including UBS, Morgan Stanley, and Bank of America seized the opportunity. The U.S. and Europe cracked down on tax evasion, driving clients to pull tens of billions of dollars out of Switzerland and forcing private banks there to seek new pockets of wealth.
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.
The Australian Securities and Investments Commission (ASIC) said the fine resulted after the panel found that the unit, UBS Securities Australia Ltd, bought about 18 million securities in 2017 and reported the transactions to the Australian stock exchange as 'Trades with Price Improvement'. According to the ASIC market integrity rules for competition in exchange markets, 'Trades with Price Improvement' are not in the ordinary course of trading and are not permitted for on-market buy-backs.
Moody's Investors Service ("Moody's") announced today that the appointment of The Bank of New York Mellon, London Branch as Principal Paying Agent and the delegation by UBS AG, London Branch of the registrar functions to The Bank of New York Mellon, London Branch, will not, in and of itself and at this time, cause the current Moody's rating of the debt issued by ELM B.V. Series 171 to be reduced or withdrawn.
The case rests on an avant-garde legal interpretation from the Obama Administration, and UBS, to its credit, has decided to fight. The lawsuit says UBS knew that many of the mortgages it securitized didn’t meet lending criteria, and that the bank didn’t perform the due diligence it promised investors. Now the Justice Department wants a second bite under an expansive reading of the 1989 Financial Institutions Reform, Recovery and Enforcement Act (Firrea).
A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS (UBSG.S) as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss group told Reuters. "The interest has increased, for political reasons and for reasons of diversification," Juergen Wegner said in an interview, without elaborating. Wegner is in charge of Swiss Financial Advisers (SFA), a subsidiary of UBS which handles funds that wealthy U.S. customers bring to Switzerland, historically seen as a safe-heaven destination for investments.
A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss group told Reuters. "The interest has increased, for political reasons and for reasons of diversification," Juergen Wegner said in an interview, without elaborating. Wegner is in charge of Swiss Financial Advisers (SFA), a subsidiary of UBS which handles funds that wealthy U.S. customers bring to Switzerland, historically seen as a safe-heaven destination for investments.
A French court said on Thursday it would hand down a verdict in the money laundering trial of UBS (UBSG.S) on Feb. 20, at the end of weeks of hearings during which the Swiss bank faced allegations of helping wealthy French people evade taxes. For more than a month, the bank and six former executives have faced allegations of laundering the proceeds of tax fraud and illegally soliciting clients in France, which could cost the bank up to 5.3 billion euros ($6 billion) if it is found guilty - an unprecedented sum in France. After a seven-year investigation of UBS's dealings, the prosecutor has demanded the bank be fined 3.7 billion euros, while lawyers representing the French government are seeking 1.6 billion euros in damages.
Dec.06 -- Adrian Zuercher, head of Asia asset allocation at the CIO Office of UBS Wealth Management, talks about the volatility in global markets, the outlook for the global economy, and where he sees opportunities. He speaks with Yvonne Man and Rishaad Salamat on "Bloomberg Markets: Asia."
Nov.27 -- Wayne Gordon, executive director of commodities and FX at UBS Wealth Management, discusses base metals and why he likes oil over the next 6 months. He speaks on "Bloomberg Markets: Asia."