UBSG.SW - UBS Group AG

Swiss - Swiss Delayed Price. Currency in CHF
12.73
+0.06 (+0.47%)
At close: 5:31PM CET
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Previous Close12.68
Open12.77
Bid12.70 x 0
Ask12.73 x 0
Day's Range12.65 - 12.78
52 Week Range9.86 - 13.81
Volume15,363,998
Avg. Volume14,583,448
Market Cap46.243B
Beta (5Y Monthly)1.27
PE Ratio (TTM)12.36
EPS (TTM)1.03
Earnings DateN/A
Forward Dividend & Yield0.70 (5.52%)
Ex-Dividend DateMay 06, 2019
1y Target Est17.63
  • Business Wire

    17 Member Team Joins UBS Private Wealth Management Division in Charlotte, North Carolina

    UBS Private Wealth Management is proud to announce that Wickham Cash Partners have joined the firm in Charlotte, NC.

  • UBS Senior Banker Fired for Breach Sues for Unfair Dismissal
    Bloomberg

    UBS Senior Banker Fired for Breach Sues for Unfair Dismissal

    (Bloomberg) -- A former UBS Group AG veteran who was dismissed following a compliance-breach investigation is suing the bank in London, saying his departure was “highly unfair.”Michel Lee, a senior banker in Hong Kong who worked on many of China’s largest corporate fundraisings, was dismissed after an internal probe into the disclosure of confidential information to a client in 2018. At an employment tribunal in London, he also said he suffered after whistleblowing and from sexual discrimination. UBS is fighting the employment claim on jurisdiction grounds, according to court filings.Lee specialized in offering equity derivative products before he was fired in 2018 in a decision taken by the president of the investment bank in London. He’d worked for 25 years at UBS, including 11 in Hong Kong. The claim is at an early stage and the full details of the complaint aren’t available, but Lee’s filing said that UBS determined that his alleged misconduct was a breach of Hong Kong employment standards.Throughout his tenure, Lee was always formally an employee of UBS’s London branch, he said in his filing at the start of a preliminary hearing. The banker was paid above the salary cap for a managing director in Hong Kong and compensated as if he was working in London. He also faced U.K. disciplinary proceedings rather than those in Asia, he said.The bank said that it would continue to defend against the accusations.“We wouldn’t comment on ongoing proceedings other than to say we deny the allegations made in the claim,” UBS said.In British employment cases, an award is capped at just above 80,000 pounds ($104,000) unless a worker can show discrimination or that they were fired for blowing the whistle on improper actions.During his cross-examination Monday, Lee apologized for being “emotional.” He frequently appeared frustrated, raising his voice only to be interrupted by the judge.Lee’s group at UBS worked on financing many of the largest Chinese conglomerates as they stepped up the pace of acquisitions to a record. UBS was one of four banks to hold collateral for $3 billion of loans to the heavily indebted HNA Group Co. after helping fund the acquisition of Hilton Worldwide Holdings Inc.Lee was designated a “material risk taker” by the London branch for the purposes of U.K. Prudential Regulatory Authority rules, according to the filing. The Hong Kong office wasn’t legally allowed to run an equity derivatives position, he said.“Hong Kong regulators would never allow losses to be taken in Hong Kong,” he said.UBS operated much of its business through its London branch, Lee’s lawyer Jonathan Cohen said. That U.K. unit is the business that enters into contracts with customers and holds the collateral of any financing, he said.“It is the hub of the UBS investment bank, from which spokes lead out to staff prospecting business elsewhere in the world,” Cohen said.(Updates with U.K. regulatory position in 10th pararagraph.)To contact the reporter on this story: Jonathan Browning in London at jbrowning9@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Christopher Elser, Peter ChapmanFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Bloomberg

    UBS Wins Early Reprieve From Hong Kong Ban on IPOs

    (Bloomberg) -- Follow Bloomberg on Telegram for all the investment news and analysis you need.UBS Group AG won an early release from a ban on sponsoring initial public offerings in Hong Kong, setting it up to once again broker deals in the world’s busiest market.The lifting of the ban comes after UBS “engaged and cooperated” with an independent 10-month review over its policies, procedures and practices, the Securities and Futures Commission said in a statement late Tuesday. UBS was in March last year fined HK$375 million ($48 million) and had its license suspended for a year. The early release is a rare move for the regulator and will allow the Swiss bank to get back into the game as the Asian financial hub seeks to lure more international IPOs via primary and secondary listings. Hong Kong was the top spot globally for IPOs last year, boosted by Alibaba Group Holding Ltd.’s $13 billion secondary listing late last year.Three other banks were also penalized in March, including Standard Chartered Plc, Morgan Stanley and Merrill Lynch, who all escaped a ban. The combined fine for the four banks reached $100 million.Hong Kong’s regulator assessed the fine over the mismanagement of three IPOs in the city that handed investors big losses and dented the credibility of the financial center. The IPOs in question were by China Forestry Holdings Co., Tianhe Chemicals Group Ltd. and China Metal Recycling Holdings Ltd., people familiar said last year.A UBS spokeswoman declined to comment. (Adds details from third paragraph.)To contact the reporter on this story: Kiuyan Wong in Hong Kong at kwong739@bloomberg.netTo contact the editors responsible for this story: Candice Zachariahs at czachariahs2@bloomberg.net, Jonas BergmanFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Hong Kong regulator ends UBS's IPO sponsorship ban early
    Reuters

    Hong Kong regulator ends UBS's IPO sponsorship ban early

    Hong Kong's markets watchdog has lifted UBS's ban on leading initial public offerings (IPOs) after 10 months, down from an initial one year, after a review of the bank's enhanced governance processes, the regulator said on Tuesday. The Securities and Futures Commission (SFC) lifted the ban on UBS, put in place in March and set to expire after a year, with immediate effect, it said in an emailed statement. The ban kept the bank from sponsoring, or leading, IPOs in Hong Kong because of due diligence failings on three prior IPOs.

  • Credit Suisse-backed Federer’s return to Greta Thunberg: I’m ‘happy to be reminded’ of climate cost
    MarketWatch

    Credit Suisse-backed Federer’s return to Greta Thunberg: I’m ‘happy to be reminded’ of climate cost

    Tennis great Roger Federer takes some heat for a sponsorship deal with Credit Suisse, which holds a hefty portfolio of loans to fossil-fuel industries.

  • Financial Times

    UBS names SocGen veteran and ex-RBC executive as board nominees

    UBS is refreshing its group supervisory board by nominating two new individuals, including a veteran Société Générale board member, to replace a pair of longstanding directors who are stepping down from the Swiss bank. Nathalie Rachou and Mark Hughes will take over from David Sidwell and Isabelle Romy, who will not be seeking re-election at the bank’s annual meeting in April, the Zurich-based bank said in a statement on Friday. Mr Sidwell will have finished his 12-year term and Ms Romy has decided to leave after eight years.

  • Business Wire

    Changes to the UBS Board of Directors

    The Board of Directors of UBS Group AG announced today that it will nominate Nathalie Rachou and Mark Hughes for election to the Board at the Annual General Meeting on 29 April, 2020. David Sidwell and Isabelle Romy will not stand for re-election. David Sidwell will have completed a twelve year term of office and Isabelle Romy has decided to step down after eight years on the UBS Board.

  • Barrons.com

    UBS Wealth Management Overhaul Rolls On

    The Swiss bank reportedly will cut as many as 500 private banking jobs and split up the private banking business in Europe, the Middle East, and Africa.

  • Business Wire

    UBS Declares Coupon Payments On 26 ETRACS Exchange Traded Notes

    UBS Investment Bank (NYSE:UBS):

  • Financial Times

    UBS to cut 500 jobs in wealth management overhaul

    UBS is preparing to cut 500 jobs in wealth management, the latest move by the division’s new head Iqbal Khan to revive performance at the world’s largest wealth manager. Switzerland’s largest bank is merging its private-bank financing, capital markets and sales operations with those at the investment bank, according to an emailed memo on Tuesday seen by the Financial Times, which was confirmed by a spokeswoman.

  • UBS overhauls wealth business and cuts managers in big move under new boss
    Reuters

    UBS overhauls wealth business and cuts managers in big move under new boss

    UBS is overhauling its flagship wealth management business, including shrinking its senior staff, in the first big strategic move under the division's new co-head Iqbal Khan as the bank looks to revive flagging profits. UBS is cutting up to three layers of management in the division, splitting up its Europe, Middle East and Africa (EMEA) business and giving local teams more autonomy, according to a staff memo seen by Reuters and confirmed by the Swiss bank. The revamp mirrors changes Khan, who joined the world's largest wealth manager three months ago, made as an executive at rival Credit Suisse .

  • Benzinga

    Goldman Sachs Upgrades State Street, Downgrades UBS And Virtu

    Bank stocks are off to a shaky start to 2020. Goldman analyst Richard Ramsden downgraded UBS Group AG (NYSE: UBS) from Neutral to Sell and cut his price target from $59 to $55. Analyst Alexander Blostein downgraded Virtu Financial Inc (NASDAQ: VIRT) from Buy to Neutral and cut his price target from $17.75 to $15.50.

  • Business Wire

    UBS’s Indianapolis Office Welcomes Financial Advisor Danielle Guerra

    UBS Financial Services announced today a new Financial Advisor joined its Indianapolis office. Danielle Guerra, brings with her almost 15 years of experience in financial planning and wealth management.

  • Business Wire

    UBS Advisor Ira Walker, Named to Forbes List of America’s Top Wealth Advisors

    In September, Forbes Magazine unveiled its annual list of the top financial advisors in the U.S. Ira Walker, founder and head of UBS team, Walker Wealth Management, was ranked 12 in the Top 100 Wealth Advisors' list for the state of New Jersey.

  • Business Wire

    UBS Private Wealth Management Team The Matina Group, Makes Local Commitment to Financial Education in NJ

    The Matina Group, a Private Wealth Management team at UBS based in Short Hills, NJ, are pleased to announce that they will be offering The Barron’s Business School Site License to the students and faculty of Sacred Heart University’s Jack Welch College of Business & Technology.

  • Barrons.com

    UBS Reportedly Shakes Up Unit for Superrich

    The bank is creating a new unit for ultra-wealthy clients who also need investment banking services, Bloomberg reports.

  • Is UBS Group AG (UBS) A Good Stock To Buy ?
    Insider Monkey

    Is UBS Group AG (UBS) A Good Stock To Buy ?

    How do we determine whether UBS Group AG (NYSE:UBS) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows […]

  • US-China decoupling could offer a surprise profit for investors, UBS money managers say
    South China Morning Post

    US-China decoupling could offer a surprise profit for investors, UBS money managers say

    The trade war between the US and China is accelerating the countries' decoupling " and that might be good news for money managers, according to investment specialists with Swiss financial services firm UBS.While the bilateral trade and technology rift caused by the 18-month trade war has spooked investors globally, the fracturing of US-China ties could open up opportunities for investors to tap the two marketplaces for better returns, UBS Asset Management investments head Barry Gill said in New York on Monday."We're going to end up in this dual polarity at some point and, in some ways for global investments, that's not a bad thing because you end up with the diversification benefits of these very strong economies," Gill said at a market outlook event.The trade war has another silver lining: it has prompted China to open its financial markets further to encourage foreign capital flows, UBS money managers say."There's also this very technical improvement happening in China that makes it just a much more attractive, safer market for us [foreign investors]," said Kevin Russel, who runs UBS' hedge fund unit with the Chinese market as a leading investment theme.As China gradually opens its financial markets, investors can expect to have more sophisticated investment methods at their command.For example, Russell said, "we're going to be able to short onshore shares more consistently," an investment strategy that bets companies' stocks will drop, based on various factors."We then will be able to buy the good ones as well as the bad ones almost regardless of how the overall economies turn out," Russell said.Investors can also take advantage of a more domestically driven Chinese market that will become increasingly open to overseas capital.US President Donald Trump at a "Make America Great Again" campaign rally in Cincinnati, Ohio, on August 1. His trade war is accelerating the decoupling of the US and China, some investment specialists say. Photo: AFP alt=US President Donald Trump at a "Make America Great Again" campaign rally in Cincinnati, Ohio, on August 1. His trade war is accelerating the decoupling of the US and China, some investment specialists say. Photo: AFPOver the past 15 years, China has shifted from an export-oriented nation to one focused more sharply on domestic consumption.That transition began as the Chinese government addressed an economic slowdown on the heels of decades of breakneck growth, well before the administration of US President Donald Trump launched the trade war in July 2018."The Chinese stock markets is bifurcated," Gill said. "The majority of the companies don't generate much in returns, but then you have health care, education, technology and consumer [companies] that provide organic growth that are multiples of the broader growth rate of the Chinese economy.""I think that those businesses are relatively unimpacted by at least the early stages of the trade war," Gill said.To say the decline in global trade as a share of global GDP is evidence of a geopolitical dynamic tied to the US-China trade battle ignores China's massive internalisation of its demand, Gill said."I think the global trade dynamics are overplayed," he said.Investors should be more concerned about whether Chinese policymakers genuinely intend to open up the financial markets, he said."That, for me, is a much bigger risk than the trade dynamics."This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.

  • Reuters

    UPDATE 1-UBS must defend against U.S. lawsuit over 'catastrophic' mortgage losses

    A federal judge on Tuesday rejected UBS Group AG's bid to dismiss a U.S. government lawsuit accusing Switzerland's largest bank of causing "catastrophic" investor losses in residential mortgage-backed securities sold before the 2008 financial crisis. U.S. District Judge Margo Brodie in Brooklyn, New York, said the Department of Justice sufficiently alleged that from 2005 to 2007, UBS intended to defraud or acted recklessly toward investors who bought securities backed by more than $41 billion of subprime and other risky loans in 40 offerings. Many of the loans were made by now-defunct lenders including Countrywide Home Loans, American Home Mortgage, Fremont Investment & Loan, IndyMac and New Century.

  • UBS must defend against U.S. lawsuit over 'catastrophic' mortgage losses
    Reuters

    UBS must defend against U.S. lawsuit over 'catastrophic' mortgage losses

    A federal judge on Tuesday rejected UBS Group AG's bid to dismiss a U.S. government lawsuit accusing Switzerland's largest bank of causing "catastrophic" investor losses in residential mortgage-backed securities sold before the 2008 financial crisis. U.S. District Judge Margo Brodie in Brooklyn, New York, said the Department of Justice sufficiently alleged that from 2005 to 2007, UBS intended to defraud or acted recklessly toward investors who bought securities backed by more than $41 billion (£31.96 billion) of subprime and other risky loans in 40 offerings. Many of the loans were made by now-defunct lenders including Countrywide Home Loans, American Home Mortgage, Fremont Investment & Loan, IndyMac and New Century.

  • Barrons.com

    Donald Marron, Former PaineWebber Chief, Dies

    Marron led PaineWebber for two decades and founded Lightyear Capital, which has invested in independent broker-dealers.

  • Business Wire

    UBS Commences Exchange Offers for Eight ETRACS ETNs

    UBS AG announced today that it has commenced exchange offers ("Exchange Offers") for eight ETRACS Series A ETNs (collectively, the "Series A ETNs") for corresponding ETRACS Series B ETNs (collectively, the "Series B ETNs"), as set forth in Table-1 below. The full schedule of exchange dates and exchange offer settlement dates is listed in Table-2 below.

  • Business Wire

    UBS Declares Coupon Payments on 15 Monthly Pay ETRACS Exchange Traded Notes

    UBS Investment Bank today announced coupon payments for 15 ETRACS Exchange Traded Notes (the "ETNs"), all traded on the NYSE Arca.