UBS Group AG (UBS)
UBS CEO says it's too early to talk about a U.S. recession, but a slowdown is possible
UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession. Global equities saw sharp sell-offs last week as investors digested weak economic data out of the U.S. which raised fears about an economic downturn in the world's largest economy.
UBS to sell Credit Suisse's U.S. mortgage servicing business
UBS on Tuesday agreed to sell Credit Suisse's U.S. mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said on Wednesday.
UBS shares open higher as Swiss giant smashes expectations
UBS Group AG (NYSE:UBS) shares opened 1.4% higher on Wednesday following the bank's stronger-than-expected second-quarter results, reporting a net profit of $1.1 billion - double analysts' forecasts. The impressive performance was driven by gains in the investment banking sector and progress in integrating Credit Suisse.
UBS posts $1.1 bln net profit in second quarter, beating forecast
UBS reported on Wednesday a net profit of $1.14 billion for the April-June period, the first results since the completion of the bank's formal legal merger with its one-time rival Credit Suisse.
UBS posts $1.14 billion profit in second quarter, smashing expectations
Analysts expected revenue of $11.5 billion, according to an LSEG poll.
UBS reports $1.1 bln net profit attributable to shareholders in Q2
UBS Group on Wednesday reported a net profit of $1.14 billion attributable to shareholders in the second quarter, which compared with the $528 million forecast by analysts in a company-provided poll.
Earnings Preview: What To Expect From UBS
UBS Group is scheduled to report earnings before Wednesday's open. The stock hit a record high of $66.26/share in 2007 and is currently trading near $29.
Earnings Preview: UBS (UBS) Q2 Earnings Expected to Decline
UBS (UBS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Rolls-Royce on course to hit profit target two years early - UBS
Rolls-Royce Holdings PLC (LSE:RR.) is on course to meet profit guidance two years earlier than guidance suggests, UBS analysts anticipate.
UBS Group (UBS) Files Lawsuit Against Bank of America (BAC)
UBS Group (UBS) files a case against Bank of America (BAC) for $200 million. It alleges that BAC refused to comply with indemnification obligations on risky mortgage loans issued before the 2008 crisis.
UBS Just Raised Its Price Target on Meta Platforms (META) Stock
UBS analysts raised their price targets on Meta Platforms (NASDAQ: META ) stock to $635 per share, reaffirming their “buy” rating on the back of stellar second-quarter earnings. Meta earned $13.46 billion, $5.16 per share, on revenue of $39 billion during the quarter ending in June.
Lloyds downgraded by UBS but UK lenders 'still more attractive' than Europe
Lloyds Banking Group PLC (LSE:LLOY) shares have been downgraded by UBS after second-quarter results that were "a touch soft" and do not reflect shares that are trading at a premium to other lenders. Second-quarter profit before tax was 6% above consensus forecasts, thanks to low bad debts, but pre-provision profit was 8% below market expectations due to 40% higher car depreciation.
