UBS - UBS Group AG
| Previous Close | 13.61 |
| Open | 12.91 |
| Bid | 13.030 x 1400 |
| Ask | 13.040 x 1300 |
| Day's Range | 12.85 - 13.06 |
| 52 Week Range | 11.60 - 20.89 |
| Volume | 1,992,310 |
| Avg. Volume | 2,980,727 |
| Market Cap | 48.84B |
| Beta (3Y Monthly) | 1.28 |
| PE Ratio (TTM) | 29.17 |
| EPS (TTM) | 0.447 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.65 (4.81%) |
| Ex-Dividend Date | 2018-05-08 |
| 1y Target Est | 16.84 |
Reuters Videos•5 hours agoUBS, global growth worries send European shares into the red
European shares opened in negative territory on Tuesday as growth worries weighed on global markets and disappointing results from UBS added to the gloom and dragged the banking sector down. David Pollard reports.
- Associated Press•55 minutes ago
UBS: 4Q Earnings Snapshot
The bank, based in Zurich, said it had earnings of 18 cents per share. Earnings, adjusted for non-recurring gains, were 12 cents per share. The bank posted revenue of $9.92 billion in the period. Its revenue ...
- TheStreet.com•2 hours ago
Dow Slides as Global Growth Warnings Rattle Wall Street
The Dow Jones Industrial Average slumped on Tuesday but the blue-chip index has closed higher for four straight sessions. The Dow rose 3% last week, the S&P 500 gained 2.9% and the Nasdaq jumped 2.7%. posted stronger-than-expected fourth-quarter earnings and forecast a modest increase in full-year sales for 2019.
- TheStreet.com•2 hours ago
UBS Shares Tumble After Volatile Q4 Triggers Big Wealth Management Outflows
shares were marked sharply lower in Zurich trading Tuesday after Switzerland's biggest investment bank posted weaker-than-expected fourth quarter earnings thanks to a slowdown in its key wealth management business. UBS reported nearly $8 billion in net client outflows from its wealth management division, a figure that echoed record withdraws from investment funds in the United States and elsewhere, over the final three months of last year. The exodus helped push net income 2% higher from the same period last year to $862 million but well shy of the bank's own forecast of $985 million.
- The Wall Street Journal•3 hours ago
[$$] Market Volatility Tests UBS's Pivot to the Ultrarich
Group AG said Tuesday that it swung to a profit in the fourth quarter but missed analysts’ expectations, as volatile financial markets weighed on its wealth-management and investment-banking units. The results underscore the challenges Switzerland’s biggest bank faces as it seeks growth when fluctuations in stock markets and geopolitical uncertainty make wealthy clients more risk averse. UBS reported a net profit of $696 million for the quarter, compared with a loss of $2.42 billion a year earlier, when it took a hit from the U.S. tax overhaul of almost $3 billion.
Reuters•3 hours agoUBS sets gloomy tone for Europe's banks
Shares in Switzerland's biggest bank fell 4 percent on Tuesday after its fourth quarter earnings fell short of analyst expectations, with the bank blaming geopolitical tensions and trade disputes for the underperformance. UBS is the first major European bank to report fourth quarter earnings, and shares in rivals Credit Suisse (CSGN.S) and Deutsche Bank (DBKGn.DE) fell as investors fretted over similar news from them next month. UBS's pivot to focus more on managing money for the world's rich and less on volatile areas of investment banking over the past six years or so had made it one of the most stable performers among large European banks.
Reuters•3 hours agoUBS sets gloomy tone for Europe's banks
Shares in Switzerland's biggest bank fell 4 percent on Tuesday after its fourth quarter earnings fell short of analyst expectations, with the bank blaming geopolitical tensions and trade disputes for the underperformance. UBS is the first major European bank to report fourth quarter earnings, and shares in rivals Credit Suisse (CSGN.S) and Deutsche Bank (DBKGn.DE) fell as investors fretted over similar news from them next month. UBS's pivot to focus more on managing money for the world's rich and less on volatile areas of investment banking over the past six years or so had made it one of the most stable performers among large European banks.
- The Wall Street Journal•4 hours ago
[$$] A Smart Bank Strategy That May Have Peaked
UBS’s fourth-quarter results were generally disappointing, but of particular concern for investors should be trends in asset and wealth management, visible also in results from Morgan Stanley and BlackRock....
- Zacks•5 hours ago
UBS Group's (UBS) Q4 Earnings Impress on Lower Expenses
For the fourth quarter, UBS Group (UBS) reports profit and improvement in Asset management unit.
- TheStreet.com•5 hours ago
IBM, Johnson & Johnson, Starbucks, Global Growth Worries- 5 Things You Must Know
U.S. stock futures fell on Tuesday, Jan. 22, and global stocks retreated as investors reacted to warnings on global economic growth. China's economy grew at its slowest pace in nearly three decades last year, official data indicated Monday, as domestic demand and export growth suffered from government moves to crack down on crippling pollution with tighter rules on building and emissions. The ongoing trade war with the United States also had a knock-on effect through global supply chains, many of which originate from China, the world's biggest exporter.
- Reuters•5 hours ago
UBS CEO says succession 'years away'
ZURICH (Reuters) - UBS (UBSG.S) Chief Executive Sergio Ermotti said on Tuesday any changes to the bank's leadership remain years away and that the bank remains open to both hiring and promoting in its ...
- Reuters•5 hours ago
UBS won't take lead in consolidating European bank sector - Weber
Switzerland's UBS Group (UBSG.S) will not take the lead in consolidating a fragmented European bank sector, Chairman Axel Weber said on Tuesday. "European banks really need to reinvent themselves. The market needs to consolidate, they are too small at a global level," he told Bloomberg Television from the World Economic Forum in Davos.
- Reuters•5 hours ago
UBS won't take lead in consolidating European bank sector: Weber
Switzerland's UBS Group (UBSG.S) will not take the lead in consolidating a fragmented European bank sector, Chairman Axel Weber said on Tuesday. "European banks really need to reinvent themselves. The market needs to consolidate, they are too small at a global level," he told Bloomberg Television from the World Economic Forum in Davos.
- The Wall Street Journal•6 hours ago
[$$] European Equities Market Talk Roundup
The latest Market Talks covering equities published exclusively on Dow Jones Newswires throughout the day.
- Bloomberg•7 hours ago
UBS Warns of Headwinds After Clients Pull $13 Billion in Quarter
Increased volatility, rising protectionism and geopolitical tensions are still weighing on investors, which will hit wealth and asset management revenue in the first quarter, the Zurich-based bank said Tuesday. Withdrawals at the key global wealth management unit totaled almost $8 billion in the fourth quarter, with clients removing another $5 billion from asset management. UBS fell as much as 5 percent in early Zurich trading, leading European bank stocks lower, as the results underscored the bank’s struggles to reap greater profits from a merger of its two wealth management businesses and improve investment banking results after the departure of its top dealmaker.
- Reuters•7 hours ago
China to attract an extra $250 billion, unorderly Brexit bad for all -UBS chairman
DAVOS, Switzerland (Reuters) - UBS (UBSG.S) Chairman Axel Weber expects China to attract an additional $250 billion in investment in the next few quarters due to indices reweighting and believes an unorderly ...
- Reuters•7 hours ago
UBS, global growth worries send European shares into the red
European shares opened in negative territory on Tuesday as growth worries weighed on global markets and disappointing results from UBS added to the gloom and dragged the banking sector down. Oil prices, Asian shares and U.S. equity futures also fell after the International Monetary Fund trimmed its global growth forecasts and a survey showed increasing pessimism among business chiefs as the rich and powerful gather at the World Economic Forum in Davos, Switzerland. The banking index was the worst sectoral performer, losing 1.4 percent with Deutsche Bank, Julius Baer and Societe Generale retreated 2.4 percent, 2.1 percent and 1.9 percent respectively.
- Bloomberg•7 hours ago
UBS’s Crown Jewels Lose Their Sparkle
In what were undoubtedly difficult market conditions, clients pulled funds from UBS Group AG in the fourth quarter, leaving the firm short on one of its key growth targets. Over at the securities unit, the bank’s market-leading equities trading business also took a hit – a disappointing result given the strong quarter Wall Street rivals enjoyed. Fourth-quarter results were so disappointing that UBS Chief Executive Officer Sergio Ermotti didn’t even try to put lipstick on the pig.
Reuters•8 hours agoUBS, global growth worries send European shares into the red
European shares opened in negative territory on Tuesday as growth worries weighed on global markets and disappointing results from UBS added to the gloom and dragged the banking sector down. At 0837 GMT, the STOXX 600 (.STOXX) was down 0.1 percent with bourses all across Europe losing ground as a new batch for corporate updates failed to change a risk-averse mood. Oil prices, Asian shares and U.S. equity futures also fell after the International Monetary Fund trimmed its global growth forecasts and a survey showed increasing pessimism among business chiefs as the rich and powerful gather at the World Economic Forum in Davos, Switzerland.
- The Wall Street Journal•9 hours ago
[$$] UBS Swings to Profit But Misses Expectations
Group AG (UBS) said Tuesday that it swung to a profit in the fourth quarter but missed analysts’ expectations as the performance of its wealth-management and investment bank businesses hit results. The Swiss bank reported a net profit of $696 million for the quarter compared with a loss of $2.42 billion a year earlier, when it took a hit from the U.S. tax overhaul of almost $3 billion. Excluding the effects of the U.S. tax overhaul, net profit for the year rose 25% to $4.90 billion.
- Financial Times•9 hours ago
[$$] UBS warns of worsening climate as clients pull $13bn of money
UBS cast a shadow across Europe’s banking sector as Switzerland’s biggest lender blamed an economic slowdown and geopolitical tensions for missing analysts’ profit forecasts and for causing almost $13bn of client outflows. UBS’s market-leading wealth management unit was hit by a $7.9bn reduction in assets in the period as ultra-wealthy clients pulled money from plunging stock markets. Combined with $4.9bn of investor withdrawals at its asset management business, that reduced the amount of net new money it collected last year to $49.5bn — less than half of the amount it collected the previous year.
- CNBC•10 hours ago
UBS posts 2018 profit jump but misses estimates as its wealth unit struggles
Swiss bank UBS UBSG-CH reported a jump in full-year profits on Tuesday, but missed analyst estimates as it noted outflows from its wealth management division. The bank's net profit attributable to shareholders for 2018 came in at $4.897 billion, as compared to its 2017 figure of $969 million when a U.S. tax reforms dampened results. Five analysts polled by Reuters had forecast a net profit of $4.906 billion for 2018.
- Financial Times•12 hours ago
[$$] UBS: online affluencer
Sergio Ermotti presented 2018 results and debuted on Twitter the same day. Investor reaction, to the Swiss bank’s profits at least, may have gone far enough. UBS’s shares slid 4 per cent, setting a gloomy tone to the start of European bank reporting.
- Reuters•23 hours ago
Ex-Swiss banker convicted for selling secret tax data to Germany
A former UBS (UBSG.S) banker accused of selling information about wealthy German tax evaders to German authorities was convicted of economic espionage by a Swiss court on Monday. Rene S., as the 45-year-old ex-banker was called during court proceedings, was sentenced to 40 months in prison and must pay fines and court costs totalling more than 125,000 Swiss francs (£97,143) after being found guilty of charges that included spying and money laundering. Rene S., who according to court documents has moved to a small town in Germany just across the Rhine River from Switzerland, did not attend the proceedings in Bellinzona this month.
