UBS Group AG (UBS)
UBS (UBS) Q3 Earnings and Revenues Beat Estimates
UBS (UBS) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.43 per share a year ago.
UBS posts 47% pre-tax profit beat
UBS posts a pre-tax quarterly profit surge of 47 per cent. We hear from CEO Sergio Ermotti who shrugs off concerns about credit stress.
UBS rises 3% after better-than-expected Q3 showing
UBS Group AG (NYSE:UBS) shares rose 3% to 31.86 CHF after reporting stronger-than-expected third-quarter results, lifted by gains in its trading and wealth management businesses and a one-off boost from releasing legal provisions. The Swiss bank posted a net profit of $2.5 billion for the three months to September, up 74% on the same period last year and well ahead of analyst forecasts of $1.1 billion.
UBS Net Profit Surges on Provision Releases, Client Momentum
Profit was boosted by fees from wealthy clients and corporate dealmaking and the release of litigation provisions.
UBS posts third quarter net profit of $2.48 bln
UBS Group on Wednesday reported a net profit attributable to shareholders of $2.48 billion in the third quarter, beating an average analysts' estimate of $1.29 billion, according to a company-provided poll.
UBS posts 74% jump in third-quarter profit, beating expectations
Swiss banking giant UBS on Wednesday reported stronger-than-expected third-quarter net profit, citing significant momentum in its core businesses.
Down 10.7% in 4 Weeks, Here's Why You Should You Buy the Dip in UBS (UBS)
UBS (UBS) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Zoom's AI push yet to boost growth meaningfully, UBS notes
Zoom Video Communications Inc (NASDAQ:ZM) faces balanced risk and reward as growth in its core Meetings business slows, according to analysts at UBS, with modest contributions expected from its Phone and Contact Center products and limited near-term upside from AI monetization. UBS assumed coverage of Zoom with a Neutral rating, saying it is waiting for clearer signs of a growth acceleration as its core Meetings product matures.
Gold price will go to $4,700/oz, miners will rise even faster by Q1 2026 – UBS' Khandelwal
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
UBS initiates coverage on fitness stocks as consumers increasingly prioritize health and wellness
UBS has initiated coverage on a group of fitness stocks, assigning ‘Buy' ratings to Planet Fitness (NYSE:PLNT) and Life Time (NYSE:LTH) and ‘Neutral' ratings to Xponential Fitness (NYSE:XPOF) and Modern Golf (NYSE:MODG). They noted growing consumer interest in health and wellness, especially among Gen Z, with 82% of US consumers now considering health and wellness a top priority, up from 50% in 2022.
LVMH upgraded by UBS after two years as earnings momentum returns
Louis Vuitton Moet Hennessy (EPA:MC) has been upgraded back to 'buy' after two years by UBS as it believes the long-awaited positive earnings momentum is "now back". This was demonstrated in the quarterly results posted yesterday, which "showed that the actions taken by the company to put its brands within the crucial F&LG [fashion & leather goods] division back on track are paying off".
Swiss regulator appeals court decision on Credit Suisse bonds write-off
Swiss market regulator FINMA said on Wednesday it would appeal a ruling by a Swiss court that revoked a decree by the financial watchdog ordering the write-off of Credit Suisse debt during the bank's collapse in 2023.
