|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.90 - 20.29|
|52 Week Range||15.10 - 20.29|
|PE Ratio (TTM)||18.63|
|Forward Dividend & Yield||1.21 (6.11%)|
|1y Target Est||N/A|
The U.S. corporate tax overhaul pushed UBS into a fourth-quarter loss, the Swiss bank said even as it touted the plan’s long-term benefits, making it the latest major bank to take an immediate hit from ...
UBS is merging its Wealth Management Americas and Wealth Management businesses effective February 1, the company announced. The new business, to be called Global Wealth Management, will be run by co-presidents Martin Blessing, who is currently president of Wealth Management, and Tom Naratil, who is now president of UBS Americas and Wealth Management Americas. The combination has been in the works for two weeks, noted UBS Group CEO Sergio Ermotti: “It will mean improved efficiency, more sharing of best practices, greater returns on our investments and enhanced client service.” UBS wants 10% to 15% annual pre-tax profit growth for GWM, including 2% to 4% in net new money growth.
UBS Group AG (UBS) reports encouraging fourth-quarter 2017 adjusted earnings on rising net fee and commission income and higher trading income, partially offset by net interest income.
UBS (UBSG.S) is increasing payouts to shareholders as growing business with its core base of wealthy clients helps to offset the effects of tighter regulation and a one-off 2.9 billion Swiss franc (2.17 billion pounds) hit from U.S. tax reforms. The Swiss bank, which manages than more than $2 trillion of the world's wealth, said on Monday it would increase its annual dividend to 0.65 francs per share from 0.60 francs the year before, and buy back up to 2 billion francs of shares over three years - its first such buyback since the financial crisis. Announcing the merger of its Wealth Management and Wealth Management Americas divisions, the company said it expected the unified business to deliver net new money growth of 2-4 percent per year and double-digit pretax profit growth.
UBS is increasing payouts to shareholders as growing business with its core base of wealthy clients helps to offset the effects of tighter regulation and a one-off 2.9 billion Swiss franc ($3 billion) hit from U.S. tax reforms. The Swiss bank, which manages than more than $2 trillion of the world's wealth, said on Monday it would increase its annual dividend to 0.65 francs per share from 0.60 francs the year before, and buy back up to 2 billion francs of shares over three years - its first such buyback since the financial crisis. Announcing the merger of its Wealth Management and Wealth Management Americas divisions, the company said it expected the unified business to deliver net new money growth of 2-4 percent per year and double-digit pretax profit growth.
UBS had more of a near-death experience than some. As a result, it has returned to health much more rapidly. Shareholders are benefiting with a big new buyback program.
The global stock market rally stalled Monday as investors counted the cost of an extended U.S. government shutdown.
UBS will combine its wealth management divisions, increase its dividend and buyback $2 billion in shares after taking a $3 billion Q4 earnings hit linked to last year's U.S. corporate tax overhaul.
The bank, based in Zurich, said it had a loss of 61 cents per share. The bank posted revenue of $9.27 billion in the period. Its adjusted revenue was $7.31 billion. UBS shares have risen nearly 10 percent ...
UBS Group AG shares declined the most since July after key units missed earnings expectations and the bank set targets for shareholders returns that were seen as unambitious by some analysts.
Swiss bank UBS has reported a 2.22 billion-franc ($2.3 billion) loss for the fourth quarter as a result of a large writedown caused by the newly enacted U.S. tax reform. UBS said Monday it wrote down nearly ...
UBS said it swung to a fourth-quarter net loss after reporting a CHF2.9 billion hit from the U.S. tax overhaul, and said it will launch a share-repurchase program.
Praxair (PX) continues to get the attention of a lot of analysts. The analyst consensus for Praxair suggests a target price of $160.65. In the past three months, analysts have raised Praxair’s target price from $143.67 to the current price.
UBS Group AG will kick off European bank earnings on Jan. 22. Here are five things to look out for when the world’s largest wealth manager reports on Monday.
Four years ago, UBS Group AG fine-tuned its pivot to wealth management just as other parts of banking became less profitable. Now, some investors want the Swiss bank to refresh its objectives as the economy ...
Since its introduction decades ago, Internet has taken by storm most aspects of our lives and has disrupted most aspects of our daily lives. The financial services industry was not overlooked by the new digital evolution and in the last couple of years technology-driven applications have emerged in most segments of financial services. The trends […]
Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sources. The two investment banks, among the world's biggest, have not been asked to attend meetings in Saudi Arabia in the coming weeks where its rivals will pitch for global coordinator mandates for the IPO, said the people familiar with the matter.
Jan.22 -- UBS kicked off European bank earnings to give us a glimpse of what could be in store for its peers - and the numbers were underwhelming. Earnings missed in investment banking, wealth management and asset management. Buyback news was also uninspirational based on investor behavior. Bloomberg's Ramy Inocencio explains with his three Bloomberg terminal charts you need to know on "Bloomberg: Daybreak Asia."
Jan.19 -- Bloomberg’s Patrick Winters discusses what investors are looking for from UBS and a possible change in focus for the company. He speaks with Mark Barton on "Bloomberg Markets."
Jan.17 -- John Wraith, head of U.K. rates and economics at UBS, discusses the U.K. economy, Brexit and monetary policy from the Bank of England. He speaks with Matt Miller and Guy Johnson on “Bloomberg Markets: European Open.”