UBS - UBS Group AG

NYSE - NYSE Delayed Price. Currency in USD
9.82
-0.20 (-2.00%)
At close: 4:00PM EDT
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Previous Close10.02
Open9.94
Bid9.81 x 21500
Ask9.82 x 4000
Day's Range9.75 - 9.95
52 Week Range7.48 - 13.49
Volume2,569,714
Avg. Volume4,871,063
Market Cap35.461B
Beta (5Y Monthly)1.28
PE Ratio (TTM)7.74
EPS (TTM)1.27
Earnings DateN/A
Forward Dividend & Yield0.36 (3.60%)
Ex-Dividend DateMay 06, 2020
1y Target Est12.50
  • Business Wire

    UBS Private Wealth Advisor Katerina Simonetti Named to Forbes/SHOOK List of Top Women Wealth Advisors

    UBS announced today that Private Wealth Advisor Katerina Simonetti in the firm's Northeast Private Wealth Management Market, has been named to the Forbes/SHOOK list of Top Women Wealth Advisors for 2020. In this year's list of 1,000 women, 157 UBS advisors were included. Overall, those named to the list, manage nearly $920 billion in client assets.

  • Business Wire

    UBS Financial Advisor Teresa Jacobsen Named to Forbes/SHOOK List of Top Women Wealth Advisors

    UBS announced today that Financial Advisor Teresa Jacobsen in the firm's Northeast Private Wealth Management Market, has been named to the Forbes/SHOOK list of Top Women Wealth Advisors for 2020. In this year's list of 1,000 women, 157 UBS advisors were included. Overall, those named to the list, manage nearly $920 billion in client assets.

  • UBS courts millionaires with view to mid-term doubling of Russian wealth business
    Reuters

    UBS courts millionaires with view to mid-term doubling of Russian wealth business

    UBS wants to double the amount of assets under management at its business targeting wealthy clients in Russia and central and eastern Europe, a senior manager told Reuters. The bank is particularly looking to high net worth clients with assets in the $5-$100 million range, including from the recent boom in technology entrepreneurs. "Russia has had a very strong start to the year, which contributed very substantially to EMEA overall both in terms of revenues and net new money," UBS' wealth management head for Central and Eastern Europe, Caroline Kuhnert, told Reuters in an interview.

  • Business Wire

    UBS Financial Advisor Caryl-Lyn Mazullo Named to Forbes/SHOOK List of Top Women Wealth Advisors

    UBS Global Wealth Management announced today that Caryl-Lyn Mazullo, Financial Advisors and Senior Vice President—Wealth Management in the firm's Akron office, has been named to Forbes/SHOOK's 2020 list of Top Women Wealth Advisors.

  • Investing.com

    RBC Capital Sticks to Their Hold Rating for UBS Group AG

    RBC Capital analyst Anke Reingen maintained a Hold rating on UBS Group AG (NYSE:UBS) on Friday, setting a price target of CHF11, which is approximately 18.79% above the present share price of $9.26.

  • Coronavirus crisis a window of opportunity for bankers to the rich
    Reuters

    Coronavirus crisis a window of opportunity for bankers to the rich

    When markets slumped in March as the spread of coronavirus gathered pace, wealth managers' trading volumes soared as ultra rich clients reshuffled their portfolios. It was this market frenzy that helped Swiss banks UBS and Credit Suisse – the world's biggest wealth managers – post bumper first-quarter profits while much of the global banking sector was scrambling to make provisions to withstand the economic fallout from the pandemic. While banks that are more focused on commercial lending set aside billions in provisions, the big wealth managers have found that banking for billionaires has swelled their own coffers with outsized transaction fees even as the global economy takes a battering from the coronavirus crisis.

  • Business Wire

    UBS Private Wealth Advisor David W. Ellis III Named to the 2020 Barron’s Top Advisor List

    Barron’s named David W. Ellis III, Private Wealth Advisor and Managing Director—Wealth Management at UBS's The Ellis Group, a Top Wealth Advisor for the state of Ohio.

  • GlobeNewswire

    UBS YES INVESTORS: Dimond Kaplan & Rothstein, P.A. Continues to Pursue FINRA Arbitration Claims to Recover UBS Yield Enhancement Strategy Losses

    LOS ANGELES and MIAMI, May 12, 2020 -- National investor advocate law firm Dimond Kaplan & Rothstein, P.A. (DKR) (http://www.dkrpa.com) continues to pursue FINRA.

  • UBS Group to Reduce Costs With China Digital Bank License
    Zacks

    UBS Group to Reduce Costs With China Digital Bank License

    UBS Group (UBS) aims to boost the customer base and improve operational efficiency with the launch of the digital banking platform amid coronavirus scare.

  • Business Wire

    UBS YES INVESTORS:  Zamansky LLC Files FINRA Arbitration Claims for Investors to Potentially Recover Their 40% Losses Suffered in the UBS Yield Enhancement Strategy

    Zamansky LLC is filing FINRA arbitration claims on behalf of investors with losses suffered in the UBS Yield Enhancement Strategy (YES). YES is a managed index options strategy sold by UBS Group A.G. (NYSE: UBS). Since 2018, YES investors at UBS have incurred losses of approximately 40%, and YES has seen its assets under management decline from $6 billion to $1.5 billion.

  • UBS launches SARON-based Swiss franc mortgages, phases out LIBOR
    Reuters

    UBS launches SARON-based Swiss franc mortgages, phases out LIBOR

    UBS Group on Monday launched floating-rate mortgage loans tied to the new Swiss money market reference rate SARON, phasing out loans linked to the standard LIBOR rate that is being abandoned next year after manipulation scandals. More products based on the Swiss Average Rate Overnight (SARON) will follow this year and next, Switzerland's biggest bank said in a statement. It is no longer offering Swiss mortgages based on the London Interbank Offered Rate (LIBOR).

  • Bloomberg

    UBS Offers Negative Rate Holiday to Some Clients After Outflows

    (Bloomberg) -- UBS Group AG is offering some of its wealthiest clients in Switzerland a temporary break from negative interest rates in a bid to attract assets as the coronavirus crisis wreaks havoc on markets.The world’s largest wealth manager is offering a payment holiday of several months to clients that plan to eventually invest some of their cash holdings, according to people familiar with the matter who asked for anonymity to discuss internal information.A spokesman for UBS declined to comment.UBS last year led the way in passing on negative rates to rich clients, but the policy has led to outflows -- $16 billion were pulled in the first quarter to avoid charges -- and is making it harder to attract new money in the current crisis. While investors typically prefer the stability of the Swiss franc in times of turmoil, many are holding more cash and don’t want to be forced to make investment decisions as long as the volatility persists.In addition, the pandemic is reshaping how banks look at deposits, given the surge in demand for credit from companies hit by widescale lockdowns to combat the virus. Credit Suisse Group AG turned to its own ultra-high-net-worth clients to bolster its ability to lend as markets sank in March and companies started drawing down credit lines to weather the coronavirus pandemic, Bloomberg has reported.UBS is discussing the payment holiday on a case-by-case basis, the people said, and the bank plans to recoup lost interest by boosting lending. Swiss lenders have gotten some relief from negative interest rates recently when the country’s central bank increased the amount they can deposit there without being charged.Despite outflows from clients seeking to avoid negative interest rates in Europe, UBS still posted a net $12 billion of inflows across its global wealth management unit in the first quarter.Spreading the PainWhile UBS is offering some flexibility to its richest clients in Switzerland, it has continued a push to pass on the cost of negative rates to a broader client base. Last month it started charging clients in Germany for deposits of as little as 500,000 euros. The threshold was previously at 1 million euros.Credit Suisse is also considering sharing that burden with a broader group of clients over the course of this year, according one person familiar with the matter. It currently charges negative interest rates on deposits above 2 million francs and 1 million euros. A spokesman for the bank said there are no changes at this point but Credit Suisse was closely monitoring market developments.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Business Wire

    UBS Private Wealth Advisor Andrea Bevis Named to Forbes/SHOOK List of Top Women Wealth Advisors

    UBS Private Wealth Management announced today that Andrea Berardino Bevis, Senior Vice President—Wealth Management and a Private Wealth Advisor in the Firm’s New England Complex has been named to Forbes/SHOOK's 2020 List of Top Women Wealth Advisors.

  • Business Wire

    Two UBS Financial Advisors from San Diego Named to the Forbes 2020 Top Women Wealth Advisors List

    Courtney Liddy and Kalyn Maher Walker, two San Diego-area UBS financial advisors, have been named to the Forbes 2020 Top Women Wealth Advisors list

  • Business Wire

    UBS Declares Coupon Payments on 5 ETRACS Exchange Traded Notes

    UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes (the "ETNs"), all traded on the NYSE Arca.

  • Business Wire

    UBS YES INVESTORS: Zamansky LLC Files Claims for UBS YES Investors Seeking To Potentially Recover 40% Losses Suffered

    Zamansky LLC files claims for UBS YES investors to potentially recover their 40% losses since 2018.

  • Business Wire

    Justin Low Appointed as Financial Advisor at UBS Phoenix Arizona Branch Office

    UBS is proud to announce that Justin Low has joined the Schultz Group of the Phoenix Arizona branch, as a Financial Advisor, Senior Portfolio Manager and Senior Vice President—Wealth Management.

  • Business Wire

    UBS Announces Extension of Final Expiration Date for Five ETRACS ETN Exchange Offers

    UBS AG announced today that it will extend the Final Expiration Date for the previously announced voluntary exchange offers ("Exchange Offers") for five ETRACS Series A ETNs (collectively the "Series A ETNs") for corresponding ETRACS Series B ETNs (collectively, the "Series B ETNs"), as set forth in Table-1 below.

  • Business Wire

    Amid COVID-19 Crisis, UBS Americas Provides Financial Support to Address Food Insecurity and Aid Frontline Healthcare Workers

    As part of UBS Group's $30 million commitment to fund COVID-19 relief efforts globally, UBS Americas announced today that $3.3 million will be directly distributed across the US, Puerto Rico, Brazil, Canada and Mexico. In the Americas, UBS will fund immediate relief and longer-term recovery efforts in local communities affected by the unprecedented health and economic impacts of the virus. Emergency aid will be provided to organizations that focus on combatting food insecurity, supporting frontline healthcare workers and enabling access to life-saving Personal Protective Equipment (PPE) for first responders.

  • Business Wire

    Tiffany Kellner Named to Forbes Magazine’s List of Top Women Wealth Advisors

    Tiffany Kellner of the Cornell/Nicholson Team at UBS in Miamisburg, Ohio, is among Forbes Magazine’s list of Top Women Wealth Advisors in the U.S.

  • UBS Bank Grows Profits 40% in First Quarter
    Motley Fool

    UBS Bank Grows Profits 40% in First Quarter

    The bank had previously said it felt it was in good shape despite the impact from coronavirus. First-quarter earnings results solidified this statement.

  • Bloomberg

    Managing Money for the Wealthy Really Pays Off

    (Bloomberg Opinion) -- Sergio Ermotti is under no illusion. The chief executive officer of UBS Group AG said on Tuesday that the range of possible economic outcomes from the coronavirus crisis is too wide for any meaningful judgment about the future. Yet managing money for the wealthy may well be a winning strategy for bankers during the worst slump in decades. The Swiss bank is doing pretty well out of it, reporting a big jump in first-quarter profit.Just as the lockdowns are hurting some parts of the economy more than others, Europe’s largest lenders will struggle to varying degrees. Most are grappling with mounting loan losses and some pressure on revenue. Things will get tougher for everyone.UBS, the world’s leading wealth manager, might be in a less worrying place than some of its peers, however. Profit in the first three months of 2020 jumped 40% to $1.6 billion as rich individuals and institutional investors increased their trading with the firm.What’s more, the bank set aside just $268 million for loans that may go bad. That’s much smaller than the provisions made by other large banks, but it reflects the modest size of the UBS loan book, made up largely of mortgages (sold to Swiss clients for the most part). Loans to its wealthy clients, which are mostly backed by securities, saw some margin calls in the quarter but losses were contained. Ermotti’s pivot to the rich looks shrewd.Even if things don’t improve, UBS should cope. Losses on loans to oil companies would rise by $250 million if West Texas Intermediate crude prices stayed at $10. More generally, under the bank’s current model of economic stress, UBS would have another $470 million of charges if it assumed losses on healthy loans too. That’s manageable.While trading activity is slowing and fee income will probably decline as clients sit on more cash, Ermotti didn’t cut UBS’s targets. In the first quarter, profitability as measured by return on common equity Tier-1 capital reached 17.7%. The bank aims for between 12% and 15%.Elsewhere, the situation looks more bleak. Spain’s Banco Santander SA is setting aside 3.9 billion euros ($4.2 billion) for loan losses, cutting its profit by 82% in the quarter. Its diversification across 10 core markets from Brazil to Poland isn’t much of a shield in a global pandemic.The Spanish bank’s exposure to small- and medium-sized businesses, and to consumer finance, isn’t helping. Loan-loss provisions have soared while business has nosedived. New consumer lending in Italy and Spain fell to between 10% and 20% of its usual level once the lockdowns kicked in.Santander’s underlying return on tangible equity dropped to 11.1% in the quarter, well below its medium-term target of between 13% and 15%. Chairman Ana Botin had seemed confident that her bank could weather the crisis with a 5% decline in earnings in a V-shaped economic recovery; on Tuesday she said the bank would need to review its strategic targets.Credit losses are also piling up at HSBC Holdings Plc, an Asia-focused European lender, which is taking its biggest charge for bad debt in almost nine years. Provisions of $3 billion in the first quarter led to a 51% slump in adjusted profit. HSBC set its range of potential credit losses for the year at between $7 billion and $11 billion. “Part science, part art,” is how HSBC’s chief financial officer described his effort to gauge likely credit losses.The banks’ second-quarter earnings will provide a clearer picture of the winners and losers, and yet more lending support from regulators could soften the blows. But UBS’s expensive decision after the financial crisis to move away from capital-intensive lending and trading is paying off.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Elisa Martinuzzi is a Bloomberg Opinion columnist covering finance. She is a former managing editor for European finance at Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • UBS Group (UBS) Q1 Earnings Rise Y/Y on Higher Revenues
    Zacks

    UBS Group (UBS) Q1 Earnings Rise Y/Y on Higher Revenues

    UBS Group's (UBS) first-quarter results reflect higher interest income and strong capital position despite lower invested assets.

  • Business Wire

    ATTENTION CURRENT AND FORMER UBS CUSTOMERS WITH YES ACCOUNT LOSSES: KlaymanToskes Continues to Investigate and Pursue Claims to Recover Investment Losses

    KlaymanToskes, www.klaymantoskes.com, continues to investigate and pursue claims to recover investment losses suffered by investors in UBS’s (NYSE:UBS) Yield Enhancement Strategy ("YES"). KT has recently received important information relating to the marketing, offer, and sale of the YES strategy to UBS customers. KT believes that investor claims are meritorious as they relate to the marketing, offer, and sale of the YES strategy, including the sales presentation that was provided to customers.