UBS Group AG

Paineebber was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000.

PaineWebber

UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management, Personal and Corporate Banking, Asset Management, Investment Bank, Non-Core and Legacy, and Group Items. The Global Wealth Management segment involves the provision of advice and solutions and offers investment management, estate planning and corporate finance, banking products and services. The Personal and Corporate segment focuses on offering retirement, financing, investments and strategic transactions through its branch network and digital channels. The Asset Management segment consists of capabilities and styles, and advisory support. The Investment Bank segment includes research, advisory services, facilitating clients raising debt and equity from the public, private, and capital markets, cash and derivatives trading. The Non-Core and Legacy segment refers to assets and liabilities prior to the acquisition. The Group Items segment consists of Technology, Corporate Services, Human Resources, Finance, Legal, Risk Control, Compliance, Regulatory and Governance, Communications and Branding, Group Sustainability and Impact, Chief Strategy Office, and Group Treasury. The company was founded on June 29, 1998 and is headquartered in Zurich, Switzerland.

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UBS Group (UBS) shares rose Wednesday after the Swiss banking giant's second-quarter earnings beat estimates, thanks to growth in its wealth management divisions and savings created as it merges operations with Credit Suisse.

UBS Earnings Top Estimates as Credit Suisse Merger Helps Boost Revenue

UBS Group AG (NYSE:UBS ) Q2 2024 Earnings Conference Call August 14, 2024 3:00 AM ET Company Participants Sarah Mackey - Head of Investor Relations Sergio Ermotti - Group Chief Executive Officer Todd Tuckner - Group Chief Financial Officer Conference Call Participants Giulia Miotto - Morgan Stanley Andrew Coombs - Citi Jeremy Sigee - BNP Paribas Kian Abouhossein - JPMorgan Anke Reingen - RBC Chris Hallam - Goldman Sachs Amit Goel - Mediobanca Benjamin Goy - Deutsche Bank Tom Hallett - KBW Operator Ladies and gentlemen, good morning. Welcome to the UBS Second Quarter 2024 Results Presentation.

UBS Group AG (UBS) Q2 2024 Earnings Call Transcript

UBS (UBS) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $1.88 per share a year ago.

UBS (UBS) Surpasses Q2 Earnings and Revenue Estimates

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 CEO says it's too early to talk about a U.S. recession, but a slowdown is possible

UBS on Tuesday agreed to sell Credit Suisse's U.S. mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said on Wednesday.

UBS to sell Credit Suisse's U.S. mortgage servicing business

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 shares open higher as Swiss giant smashes expectations

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 $1.1 bln net profit in second quarter, beating forecast

Analysts expected revenue of $11.5 billion, according to an LSEG poll.

UBS posts $1.14 billion profit in second quarter, smashing expectations

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.

UBS reports $1.1 bln net profit attributable to shareholders in Q2

ZURICH--(BUSINESS WIRE)--Regulatory News: UBS (NYSE:UBS) (SWX:UBSN): Key highlights 2Q24 PBT of USD 1.5bn and underlying1 PBT of USD 2.1bn reflecting client franchise strength and disciplined execution of our strategy and integration plans; net profit of USD 1.1bn 1H24 PBT of USD 3.8bn and underlying1 PBT of USD 4.7bn; net profit of USD 2.9bn, RoCET1 7.5% and underlying RoCET1 of 9.2% Continued client momentum with net new assets of USD 27bn in Global Wealth Management and strong transactional.

UBS reports 2Q24 net profit of USD 1.1bn with continued client momentum and integration progress (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)

PowerSchool Holdings

TOKYO--(BUSINESS WIRE)--A meteoric J-pop duo with a huge global following has pitched in to boost the world's largest projection mapping show and help illuminate midsummer nights in Tokyo. An artwork, combining YOASOBI's up-tempo vocal and instrumental music with a riot of images and colors, made its debut on the TOKYO Night & Light program on July 26. The nightly show uses the exterior of the 243-meter-tall Tokyo Metropolitan Government (TMG) No. 1 Building as its screen. Three other proje.

J-Pop Stars Pump up the World's Largest Projection Mapping Show at the Tokyo Metropolitan Government Building

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: What To Expect From UBS

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.

Earnings Preview: UBS (UBS) Q2 Earnings Expected to Decline

Bank of America

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 Group (UBS) Files Lawsuit Against Bank of America (BAC)

UBS Group AG (NYSE: UBS) is in focus this morning after filing a $200 million lawsuit against the Bank of America Corp (NYSE: BAC). The Swiss banking giant alleges that Bank of America did not honour indemnification agreements related to risky mortgages issued by Countrywide Financial that BAC bought in 2008.

UBS just filed a lawsuit against Bank of America

UBS sued Bank of America for $200 million on Wednesday, saying the second-largest U.S. bank refused to cover its legal costs related to risky mortgages issued before the 2008 global financial crisis.

UBS sues Bank of America for $200 mln over crisis-era mortgage costs

Switzerland's financial supervisor has been scrutinising how UBS vets risky wealthy clients that it wants to transfer from Credit Suisse, sources said, as the regulator takes a hands-on approach to the bank's integration of its fallen rival.

Exclusive: Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients, sources say

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #BarronsTop1200FinancialAdvisors--Four UBS Pacific Desert Mkt financial advisors on 2024 Barron's Top 1200 FA list: Steven Schultz, Brad Howell, Braydon Hamilton & Matt Megorden.

Four UBS Financial Advisors in Pacific Desert Market Named to Barron's Top 1200 Financial Advisors List

UBS has agreed to sell a former insurance-linked investment arm of Credit Suisse to the management of the business, the Swiss bank said on Tuesday.

UBS sells former Credit Suisse arm to its management

Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have identified serious failings by Swiss regulatory authorities leading up the bank's demise, a Swiss newspaper reported on Sunday.

Swiss authorities draw flak in Credit Suisse probe, report says

Corning

Eli Lilly

Some stocks fly under the radar of investors even as they quietly dominate the industry in which they operate. These stealth stocks rise to the top by developing competitive advantages.

Hot Stocks: 3 Sleeping Giants About to Dominate Their Sectors

TAMPA--(BUSINESS WIRE)--UBS Private Wealth Management today announced that a three-person advisor team, Reynolds, Grindel & Hall Wealth Management Group, has joined the firm's Tampa, FL office, led by Managing Director and Florida Market Director Greg Kadet. The Reynolds, Grindel & Hall Wealth Management Group includes Financial Advisors Jeffrey Reynolds, David Grindel and Jeremy Hall, who collectively bring nearly 70 years of industry experience to serving clients. “I'm thrilled to wel.

Three-person advisor team joins UBS Private Wealth Management in Tampa, FL

LOS ANGELES--(BUSINESS WIRE)--UBS Private Wealth Management USA today announced that Joshua Cummins has joined the firm as a Private Wealth Advisor in the Westlake Village office. Josh joins the firm's Los Angeles Private Wealth Market, led by Market Executive Lauren Gorsche and Market Director Kate Daniels. “As a highly talented advisor in the Westlake Village area, Josh works with many of the most successful business owners and families in the Los Angeles area and across the US,” said Kate Da.

UBS Hires Private Wealth Management Team in Westlake Village, CA

Credit Suisse's collapse was caused by the bank's management, not by Swiss financial authorities, Swiss National Bank Chairman Thomas Jordan was quoted as saying on Friday.

SNB's Jordan blames Credit Suisse bosses for bank's crash

HSBC Holdings

BNP Paribas SA

HSBC is attracting initial interest from peers including BNP Paribas SA and UBS Group AG , for the sale of its German wealth-management unit, Bloomberg News reported on Thursday citing people familiar with the matter.

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