Latest news with #GlobalWealthManagement
Yahoo
29-05-2025
- Business
- Yahoo
UBS APAC President Khan on Strategy, Rates & Volatility
Wealthy clients of UBS are looking to buy more alternative assets as they seek to diversify investments during a volatile period. From the sidelines of the 28th 'Asian Investment Conference', UBS Asia Pacific President & Co-President Global Wealth Management Iqbal Khan also said that that he expects volatility to continue and rates to come down. Khan speaks exclusively to Bloomberg's David Ingles in Hong Kong.
Reuters
22-05-2025
- Business
- Reuters
UBS raises S&P year end target, eyes more gains in 2026
May 22 (Reuters) - UBS Global Wealth Management on Thursday raised its year-end target for the S&P 500 (.SPX), opens new tab to 6,000 from 5,800 and initiated a June 2026 target of 6,400. The research group also raised its 2025 expectation for S&P 500 earnings per share to $260 from $250 and forecast 2026 EPS of $280, up from its previous estimate of $275. David Lefkowitz, head of U.S. equities, cited a better than expected first quarter earnings season and slightly higher expectations for GDP growth in the second half of the year for the changes.
Yahoo
11-05-2025
- Business
- Yahoo
10-Year To End Year Around 4-4.25%: UBS's Falconio
Head of Taxable Fixed Income Strategy at UBS Global Wealth Management Leslie Falconio, calls for the 10-year to end around 4-4.25%. In an interview with Sonali Basak on "Real Yield" she says bonds can be a diversifier, "just need to pick your spots." Sign in to access your portfolio
Bloomberg
09-05-2025
- Business
- Bloomberg
10-Year To End Year Around 4-4.25%: UBS's Falconio
Head of Taxable Fixed Income Strategy at UBS Global Wealth Management Leslie Falconio, calls for the 10-year to end around 4-4.25%. In an interview with Sonali Basak on "Real Yield" she says bonds can be a diversifier, "just need to pick your spots." (Source: Bloomberg)
Yahoo
02-05-2025
- Business
- Yahoo
Why Is UBS Stock Trading Lower On Wednesday?
UBS Group AG (NYSE:UBS) shares are trading lower on Wednesday. The Swiss bank reported first-quarter 2025 sales of $12.56 billion. This marked a 1% year-over-year decline and fell short of the $12.99 billion consensus estimate. Underlying revenues declined slightly Y/Y to $11.9 billion. Underlying revenues from the core businesses rose 6% Y/Y, while revenues in the much-reduced Noncore and Legacy division declined 72% Y/Y. Underlying operating profit before tax reached $2.59 billion, down 1% Y/Y in the quarter. Global Wealth Management's net new assets for the quarter were $32 billion, with revenues rising 5% Y/Y to $6.25 billion. The group posted a net profit attributable to shareholders of $1.69 billion for the quarter vs. $1.76 billion a year ago quarter. EPS of 51 cents beat the consensus of 41 cents. The CET1 capital ratio, a measure of bank liquidity, was 14.3%, compared to 14.8% in the year-ago quarter. UBS CEO Sergio P. Ermotti stated, "The power and scale of our diversified global franchise, coupled with our continued focus on clients, drove strong business momentum in the quarter and net new inflows in our asset-gathering businesses." "With increased uncertainty in markets and the macroeconomic outlook, we continue to focus on supporting clients, delivering on our financial targets, and acting as an engine of economic growth in the communities we serve." Buyback: The bank completed share buybacks worth $0.5 billion and reserved $2.5 billion for planned share repurchases for the remainder of 2025. Outlook: In the second quarter, UBS anticipates a low-single-digit percentage sequential decline in net interest income (NII) within Global Wealth Management and a similar decrease in Swiss franc terms for Personal & Corporate Banking's NII. Meanwhile, Personal & Corporate Banking's NII is expected to increase sequentially by a mid-single-digit percentage in USD terms. The bank noted that the continued market uncertainty could potentially delay the execution of their Global Banking pipeline. Pull-to-par revenues are projected to reach $0.6 billion, which is anticipated to offset the expected $1.1 billion in integration-related expenses partly. Investors can gain exposure to the stock via the Avantis International Equity ETF (NYSE:AVDE) and the Elevation Series Trust The Opal International Dividend Income ETF (BATS:IDVZ). Price Action: UBS shares are down 1.57% at $30.03 at the last check Wednesday. Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Why Is UBS Stock Trading Lower On Wednesday? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
