Latest news with #UBS Group AG
Globe and Mail
2 days ago
- Business
- Globe and Mail
RBC Capital Sticks to Its Buy Rating for UBS Group AG (UBS)
RBC Capital analyst Anke Reingen maintained a Buy rating on UBS Group AG today and set a price target of CHF34.00. The company's shares closed yesterday at $39.65. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Reingen covers the Financial sector, focusing on stocks such as UBS Group AG, Deutsche Bank AG, and BNP Paribas. According to TipRanks, Reingen has an average return of 19.8% and a 71.81% success rate on recommended stocks. In addition to RBC Capital, UBS Group AG also received a Buy from DZ BANK AG's Philipp Haessler in a report issued on August 1. However, on July 31, Morgan Stanley maintained a Sell rating on UBS Group AG (NYSE: UBS). Based on UBS Group AG's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $18.32 billion and a net profit of $2.4 billion. In comparison, last year the company earned a revenue of $11.85 billion and had a net profit of $1.14 billion Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UBS in relation to earlier this year.
Bloomberg
06-08-2025
- Business
- Bloomberg
China's Property Slump to Last Longer Than Expected, UBS Says
UBS Group AG, which had been among the few firms predicting a recovery in China's property sector, now expects a delay following a renewed sales slowdown in the second quarter. John Lam, head of China and Hong Kong property research at the Swiss bank, said in March that home prices in top-tier cities would 'turn stable' by early 2026. He now anticipates that to happen in mid-to-late 2026, unless Beijing introduces additional stimulus measures.
Bloomberg
04-08-2025
- Business
- Bloomberg
UBS Settles Credit Suisse Mortgage-Bond Case for $300 Million
UBS Group AG said it has reached an agreement with the US Department of Justice to resolve a legacy Credit Suisse matter related to the former bank's role in selling residential mortgage-backed securities in the US. 'On 1 August 2025, Credit Suisse Securities (USA) LLC entered into an agreement with the DOJ to resolve all of Credit Suisse's outstanding Consumer Relief Obligations under the 2017 settlement by paying $300 million,' the bank said in a statement on Monday.
