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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Markets Defused aims to present an easy-to-understand and straightforward recap of the day's most engaging stock market news.   BP profits ‘miss' expectations Disney drops but streaming turns first profit Peloton stock rallies on takeover talk Crocs stock stomps higher despite Heydude slippage Ferrari revved up financial results, investor wanted more UBS financials smashed expectations Boeing on back foot again as FAA launches investigation Palantir's 2024 revenue forecast got a big AI boost   BP profits ‘miss' expectations London-listed oil major BP PLC (LSE:BP.

BP, Disney, Peloton, Crocs, Ferrari, Boeing, UBS, Palantir - Markets Defused

UBS Group's (UBS) first-quarter results reflect growth in Asset Management, Personal & Corporate Banking and Investment Bank divisions. A strong capital position is another positive.

UBS Group (UBS) Q1 Earnings & Revenues Jump Y/Y, Expenses Rise

UBS Group (UBS) shares soared in intraday trading Tuesday after the Swiss bank returned to a quarterly profit as it continued to integrate former rival Credit Suisse, which it absorbed in a government-backed bailout in March 2023.

UBS Jumps as Swiss Lender Returns to Profit

UBS Group AG (NYSE:UBS ) Q1 2024 Results Conference Call May 7, 2024 3:00 AM ET Company Participants Sarah Mackey - Head, Investor Relations Sergio Ermotti - Group Chief Executive Officer Todd Tuckner - Group Chief Financial Officer Conference Call Participants Alastair Ryan - Bank of America Chris Hallam - Goldman Sachs Kian Abouhossein - JPMorgan Giulia Miotto - Morgan Stanley Jeremy Sigee - BNP Paribas Exane Andy Coombs - Citigroup Anke Reingen - RBC Ben Goy - Deutsche Bank Piers Brown - HSBC Tom Hallett - KBW Operator Ladies and gentlemen, good morning. Welcome to the UBS' First Quarter 2024 Results Presentation.

UBS Group AG (UBS) Q1 2024 Earnings Call Transcript

UBS's CEO on Tuesday said the majority of job cuts in its home market, Switzerland, will start from around the end of the year and continue into 2025 and 2026.

UBS CEO says job cuts in Switzerland to start in late 2024

UBS on Tuesday posted a return to profit from two consecutive quarters of losses, as the Swiss bank massively outstripped analysts' forecasts while benefiting from its ongoing takeover of rival Credit Suisse.

UBS shares surge as bank returns to profit following takeover of Credit Suisse

UBS crushed estimates for first-quarter earnings with the Swiss bank posting a first profit in the period since its shotgun marriage to beleaguered rival Credit Suisse. Net income of US$1.8 billion was almost three times higher than expected and driven by a surge of money into its wealth management arm, where new net assets jumped to US$27 billion.

UBS crushes forecasts as Credit Suisse operations stabilise

UBS returned to profit in the first quarter and booked $27 billion in new assets into its key global wealth management business.

UBS Beats Forecasts as Integration-Related Costs Fall

UBS Group AG, the Swiss multinational investment bank and financial services firm, released its quarterly earnings report for Q1 of FY24 on 7 May 2024. The company reported a net profit of $1.8 billion and an underlying PBT of $2.

UBS Group records robust Q1 FY24 revenue of $2.7 billion

It is the Swiss banking giant's first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.

UBS swings back to profit and smashes earnings expectations for the first quarter

UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival Credit Suisse.

UBS reports first profit since taking over Credit Suisse

UBS Group on Tuesday reported a profit of $1.76 billion attributable to shareholders in the first quarter, more than double the expected profit of $602 million forecast by analysts in a company-provided poll.

UBS reports $1.76 billion profit attributable to shareholders in Q1

ZURICH & BASEL, Switzerland--(BUSINESS WIRE)--Regulatory News: UBS (NYSE:UBS) (SWX:UBSN): Key highlights 1Q24 PBT of USD 2.4bn and underlying1 PBT of USD 2.6bn reflecting our commitment to stay close to clients and the execution of our restructuring plans at pace; significant positive operating leverage with underlying revenue growth of 15% QoQ and underlying operating expenses reduction of 5% QoQ; net profit of USD 1.8bn Continued franchise strength and client momentum with net new assets of U.

UBS 1Q24 net profit of USD 1.8bn and underlying PBT of USD 2.6bn; integration priorities on track (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)

NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes (the “ETNs”), all traded on the NYSE Arca. NYSE Ticker   ETN Name and Prospectus Supplement*   Coupon Valuation Date   Ex-Date   Record Date   Payment Date   Coupon Amount   Payment Schedule   Current Yield (annualized) HDLB**   ETRACS Monthly Pay 2x Leveraged US High Dividend Low Volatility ETN Series B   4/30/2024   5/10/2024   5/13/2024   5/21/2024   $ 0.1160   Monthly   10.97% S.

UBS Declares Coupon Payments on 5 ETRACS Exchange Traded Notes

PHOENIX--(BUSINESS WIRE)-- #BestWealthManagement--UBS financial advisor Stockton Schultz named to Financial Planning Top 40 Brokers Under 40 in 2024; also earned Athletes & Entertainers designation.

UBS Financial Advisor Stockton Schultz named to Financial Planning 2024 Top 40 Under 40

Ulrich Korner, the final CEO of Credit Suisse, is set to leave UBS in the coming weeks, the Financial Times reported on Monday.

Final Credit Suisse CEO, Ulrich Korner, to leave UBS, FT reports

UBS (NYSE: UBS) stock price has suffered a harsh reversal in the past few days as investors wait for the coming financial results. Its American ADRs peaked at $31.27 on March 11th and have crashed by over 13% to $27.17.

UBS stock sends mixed signals ahead of earnings: buy or sell?

Credit Suisse's securities brokerage joint venture in China said its staff numbers sank 46% in 2023, a year the Swiss authorities arranged a takeover to keep the firm from collapsing.

Credit Suisse China securities JV says staff down 46% in 2023

UBS Group (UBS) intends to reduce hundreds of millions of dollars in its asset management business in order to remain profitable, per Reuters.

UBS Group (UBS) Plans to Reduce Cost in Asset Management Unit

UBS (UBS) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Bears are Losing Control Over UBS (UBS), Here's Why It's a 'Buy' Now

UBS is weighing plans to cut several hundred million dollars of costs in its asset management division as the bank studies options for a business whose profit is under pressure, people with knowledge of the discussions told Reuters.

Exclusive: UBS weighs asset management overhaul to reduce costs, sources say

South Korea's financial authorities have notified Credit Suisse AG it could face 50 billion won ($36.32 million) in fines over allegations it breached short-selling rules, South Korea's Chosun Ilbo daily reported on Thursday, citing industry sources.

Credit Suisse may face $36 mln fine over S.Korea short-selling, says Chosun Ilbo

A new lawsuit by U.S. hedge fund Appaloosa LP accuses the former Credit Suisse of misleading investors about its health before $17 billion of its bonds were written down to zero in a government-orchestrated rescue by Swiss rival UBS.

UBS faces new lawsuit by Appaloosa over Credit Suisse $17 bln bond wipeout

Colm Kelleher also said UBS was one of the best-capitalized banks in Europe at the UBS Annual General Meeting.

UBS chair says Swiss banking giant is not 'too big to fail'

UBS is "seriously concerned" about some of the discussions related to additional capital requirements for the Swiss banking industry, the Swiss bank's chairman Colm Kelleher said at the lender's annual general meeting on Wednesday.

News for UBS Group AG Stock (UBS)