UBS UBS Group
- 30.400
- -0.020-0.07%
- 30.220
- -0.180-0.59%
UBS Group News
UBS' Matt Megorden: How I Built My Practice in Paradise With Clients Thousands of Miles Away -- Barrons.com
By Steve Garmhausen UBS Wealth Management advisor Matt Megorden could have rested on his laurels. Middle-aged, running a successful practice, and living with his family in Hawaii, he was feeling comf
UBS group: maintains a buy rating for Chow Tai Fook, with a target price of HKD 13.6.
UBS Group released a research report stating that it maintains a "buy" rating on Chow Tai Fook (01929), but lowered its target price from HKD 15 to HKD 13.6 and lowered earnings per share forecasts for the fiscal years 2025-27 by 4-5%. The expected improvement in gross margin can alleviate the recent sales pressure. The report states that the company's income for the fiscal year 2024 meets expectations, and the core profit exceeds the bank's expectations by 7%, benefiting from lower sales expenses, operational leverage, and strict cost controls. However, the net income is lower than expected due to an unrealized loss of HKD 2.5 billion in gold borrowing and no special dividends, which is also below expectations.
The central parity rate of Renminbi reported 7.1151, a decrease of 29 basis points.
On June 14th, the central parity rate of RMB was reported at 7.1151, a decrease of 29 basis points compared to the previous trading day's central parity rate of 7.1122. UBS Group has postponed its forecast for the timing of the Fed's rate cut from September to December. After the Fed's policymakers expected to cut interest rates only once this year, UBS economists' expectations for the timing of the Fed's first rate cut were pushed back to December. UBS previously expected it to occur in September. "The outlook for 2024 is surprising," UBS's Jonathan Pingle and others said in a report released after the Fed's meeting on Wednesday, "We believe that the Federal Open Market Committee (FOMC) has already
UBS Taps China Over Citadel Securities on Credit Suisse Unit
UBS Group AG has entered final negotiations with a Beijing-backed fund over the sale of Credit Suisse’s money-losing China venture after talks with Citadel Securities LLC stalled, according to people familiar with the matter.
UBS Group pushed back its prediction for the timing of the Fed's interest rate cut from September to December.
After the decision makers at the Federal Reserve this week predicted that there will only be one interest rate cut within the year, UBS economists postponed their expectations for the timing of the Fed's first interest rate cut to December. Previously, UBS expected the cut to take place in September. "The outlook for 2024 is surprising," UBS Jonathan Pingle and others said in a report released after the Fed's Wednesday meeting, "We believe that the Federal Open Market Committee (FOMC) has effectively ruled out the possibility of action before the December meeting, unless there are some unexpected and significant weaknesses in the labor market." "They seem very satisfied with the current policy stance," Pingl.
UBS Picks Chinese Fund Over Citadel Securities for Credit Suisse Unit Sale, Bloomberg Reports
10:21 AM EDT, 06/13/2024 (MT Newswires) -- UBS Picks Chinese Fund Over Citadel Securities for Credit Suisse Unit Sale, Bloomberg Reports Price: 30.59, Change: -0.56, Percent Change: -1.78
How Is The Market Feeling About UBS Gr?
UBS Gr's (NYSE:UBS) short percent of float has fallen 25.58% since its last report. The company recently reported that it has 10.09 million shares sold short, which is 0.32% of all regular shares that
Top Midday Stories: Apple Stock Hits Record High; GM Announces $6 Billion Buyback Program; Boeing Delivers 24 Jets in May, Matching April Total
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite were down after midday trading Tuesday as the Federal Reserve's Federal Open Market Committee commenced its two-day meeting to di
EU Set to Delay Basel Bank Trading Rules By 1 Year, Bloomberg Reports
10:01 AM EDT, 06/11/2024 (MT Newswires) -- EU Set to Delay Basel Bank Trading Rules By 1 Year, Bloomberg Reports Price: 15.88, Change: -0.56, Percent Change: -3.38
Sector Update: Financial Stocks Decline Premarket Tuesday
Financial stocks were declining premarket Tuesday, with the Financial Select Sector SPDR Fund (XLF) down 0.4% recently. The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.1%, and bearish cou
Market Chatter: UBS, Credit Suisse Swiss Units Expected to Complete Merger by July 1
UBS (UBS) and Credit Suisse's Swiss units could complete their merger as early as July 1, Swiss newspaper Neue Zurcher Zeitung reported Tuesday, citing Sabine Keller-Busse, president of UBS Switzerlan
UBS Group: Maintain 'Neutral' rating for Hong Kong Exchange, target price raised to HKD 275.
UBS Group released a research report stating that it maintains a "neutral" rating on Hong Kong Exchanges and Clearing Limited (00388) and considers the market activity in the second quarter to date. The daily trading volume forecast for 2024 to 2026 was raised from 104 billion yuan, 118 billion yuan, and 134 billion yuan to 112 billion yuan, 1.25 billion yuan, and 139 billion yuan, respectively, and the EPS forecast for the same period was also increased by 5%, 4%, and 3% to 9.8 yuan, 10.1 yuan, and 10.4 yuan. The target price has been raised from HK$262 to HK$275. The report pointed out that the average daily trading volume of Hong Kong Exchanges in May increased by 38% and 25% year-on-year and month-on-month, respectively, reaching 140.
Top Gap Ups and Downs on Friday: INFY, SHW, WIT and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
Market Chatter: UBS' Credit Suisse Debt Draws Interest From Asset Management Firm
UBS' (UBS) defunct Credit Suisse's Eastern European debt has drawn interest from RBC BlueBay Asset Management, Bloomberg News reported Friday, citing RBC BlueBay executive Polina Kurdyavko. About 10 C
The central parity rate of the renminbi is reported at 7.1106, up by 2 basis points.
On June 7th, the central parity rate of the RMB was reported to be 7.1106, up 2 points from the previous trading day's central parity rate of 7.1108. The European Central Bank lowered its key benchmark interest rate by 25 basis points, but did not provide additional information on future rate cuts. On Thursday, June 6th, the European Central Bank lowered interest rates by 25 basis points, but did not provide direction on future policy. The European Central Bank (ECB) lowered all three key benchmark interest rates for the first time in five years, echoing the move by the Bank of Canada (BoC) yesterday. Previously, the Swedish Central Bank and the Swiss banks (SNB) had made similar decisions. The European Central Bank conveyed
Press Release: UBS Declares Coupon Payments on 8 ETRACS Exchange Traded Notes
UBS Declares Coupon Payments on 8 ETRACS Exchange Traded Notes HDLB: linked to the Solactive US High Dividend Low Volatility Index Series B SMHB: linked to the Solactive US Small Cap High Dividend I
Full Text | Meituan's Q1 earnings conference record: Over 100 million members accumulated, and the structural adjustments are to support core local business.
Meituan (HKEX: 3690) released its Q1 2024 financial report today, with revenue of 73.3 billion yuan, a YoY increase of 25.0%. Net income was 5.4 billion yuan, compared to 3.4 billion yuan in the same period in 2023; adjusted net income was 7.488 billion yuan, compared to 5.491 billion yuan in the same period in 2023. After the financial report was released, Meituan-Dianping CEO Wang Xing and CFO Chen Shaohui participated in an analyst conference call to interpret the financial report. The following is the main content of the Q&A session of the conference call: Goldman Sachs analyst Ronald Keung: About the recent organizational restructuring of the company, what changes were made.
Bank of America continues to be under pressure! FDIC: Q1 losses increased to $517 billion, and the number of problem banks rose to 63.
According to the first quarter report of FDIC, the banking system of Bank of America has a total of 517 billion US dollars in unrealized losses and there are 63 "problem banks".
jpmorgan hires from Goldman Sachs and UBS Group to boost its wealth management business.
JPMorgan has hired two senior executives from competitors Goldman Sachs and UBS Group as the latest move in expanding its wealth management business in recent years. According to a JPMorgan spokesperson, Anne Black, the former president of Goldman Sachs Gives, a recommended fund for donors of Goldman Sachs, will join the bank this summer as a charity expert for ultra-high-net-worth client projects. Jane Bailey, former chief financial officer of UBS's US business, joined JPMorgan last month as CFO of the wealth management division. In recent years, major US banks have been competing to strengthen their wealth management businesses through team building and ...
$100 Invested In This Stock 5 Years Ago Would Be Worth $300 Today
UBS Gr (NYSE:UBS) has outperformed the market over the past 5 years by 8.19% on an annualized basis producing an average annual return of 21.29%. Currently, UBS Gr has a market capitalization of $100.
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