UBS Group AG (UBS)
Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.
UBS reports $1.4 bln net profit attributable to shareholders in Q3
UBS Group on Wednesday reported a net profit of $1.4 billion attributable to shareholders in the third quarter, which compared with the $740 million forecast by analysts in a company-provided poll.
UBS: Post-Merger With Credit Suisse Smoothe As Swiss Chocolate, As Share Price Climbs
UBS gets its prior hold rating reaffirmed, as things are relatively smooth post-merger with Credit Suisse. The share price trades around a 10-year-high, above its 200-day SMA, and overvalued on P/E compared to peers, making it too expensive. Forward-looking growth indicators will come from fee-driven business segments, while a lower interest rate environment could reduce funding costs.
UBS fund management arm reports 3% stake in Swiss National Bank
UBS Fund Management (Switzerland) AG now holds a 3% stake in Swiss National Bank , according to an October filing with the country's SIX stock exchange.
UBS CEO Ermotti Sees a Lot of 'Over Capacity' in US Banking
UBS Group CEO Sergio Ermotti discusses his outlook for the banking industry and global economy. Speaking with Lisa Abramowicz on "Bloomberg The Close," Ermotti says it is likely the US will continue to outperform the EU.
UBS migration of Credit Suisse clients to take 18 months, CEO says
The incipient migration of clients from Credit Suisse to UBS should take about another 18 months, UBS CEO Sergio Ermotti said on Thursday, as his bank presses on with the integration of its former rival.
Swiss attract less foreign cash from rich clients as Credit Suisse crash weighs, survey says
Switzerland is becoming less attractive to wealthy clients, with a decline in assets managed by the country's banks and financial advisers, according to a study published on Wednesday.
There's still a weak tail of banks prone to the runs that brought down SVB and Credit Suisse, regulators warn
The Financial Stability Board, an international body of global regulators, delved into the issues that brought about the collapse of Credit Suisse, the failure of SVB, Signature and First Republic, and the liquidation of Silvergate.
Central bank purchases, light investor allocations, and geopolitical risks mean gold prices can fly higher still – UBS' Joni Teves
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UBS sells its 50% stake in Swisscard to American Express
UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank's 50% stake in credit card provider Swisscard.
UBS' Erika Najarian on Amex Q3 results: Seeing some consumer spend trends decelerate
Erika Najarian, UBS large cap banks and consumer finance analyst, joins 'Squawk Box' to discuss American Express' quarterly earnings results, strength of consumer spending, and more.
UBS says new nuclear power 'tipping point' tips further after Google and Amazon deals
A "tipping point" on new nuclear power construction is near, according to UBS. Analysts at the Swiss bank had grown more optimistic about the nuclear sub-sector following multiple nuclear contracts earlier in the year that had focused on optimizing existing assets and repowering retired assets, including Microsoft's deal to purchase power from the Three Mile Island facility that was scheduled to be decommissioned.
