Latest news with #UBSGroupAG
Globe and Mail
15 hours ago
- Business
- Globe and Mail
UBS Reports Strong Q2 2025 Results with Robust Integration Progress
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. UBS Group AG ( (CH:UBSG)) has provided an announcement. UBS Group AG reported a net profit of USD 2.4 billion for the second quarter of 2025 and USD 4.1 billion for the first half of the year, with significant growth in its core businesses and a strong capital position. The company is on track with its integration plans, achieving substantial cost savings and maintaining client momentum in a volatile market environment, which supports its long-term strategic goals and positions it as a reliable partner for the Swiss economy. More about UBS Group AG UBS Group AG is a global financial services company operating primarily in wealth management, personal and corporate banking, asset management, and investment banking. The company focuses on providing financial advice and solutions to private, institutional, and corporate clients worldwide, with a strong emphasis on maintaining a robust balance sheet and capital position. See more insights into UBSG stock on TipRanks' Stock Analysis page.
Bloomberg
2 days ago
- Business
- Bloomberg
European Stocks Dip on Glum Earnings Before Fed Rate Decision
European stocks slid following a flurry of disappointing earnings, while investors awaited the Federal Reserve's policy decision. The Stoxx Europe 600 Index was down 0.3% at 8:20 a.m. in London. Banking stocks dropped after a slate of mixed earnings reports. HSBC Holdings Plc fell 5% as it posted disappointing quarterly profit, while UBS Group AG gained as much as 3.7% on better-than-expected earnings.
Bloomberg
2 days ago
- Business
- Bloomberg
Ermotti Says UBS Won't Shrink in Response to Swiss Capital Rules
UBS Group AG Chief Executive Officer Sergio Ermotti said that he won't make the bank smaller to mitigate the impact of future Swiss capital requirements. 'Having a global diversified business is a strength for us and for Switzerland,' Ermotti said in a Bloomberg TV on Wednesday. 'Shrinking is not an option.'
Bloomberg
2 days ago
- Business
- Bloomberg
UBS Second Quarter Profit Beats Estimates as Outlook Brightens
UBS Group AG posted higher than expected profit in the second quarter, and signaled that the prospect of cooling global trade tensions should support results as investor activity revives. The Zurich-based bank said net income was $2.4 billion in the three months to June, compared with estimates for $2.2 billion. Client inflows at the key wealth management unit reached $23 billion, in line with forecasts.
Bloomberg
6 days ago
- Business
- Bloomberg
Banks Unload $2 Billion of Hung Debt Tied to Patterson Buyout
Banks led by UBS Group AG and Citigroup Inc. have revived and offloaded about $2 billion of debt to support Patient Square Capital's acquisition of Patterson Cos., more than three months after the bonds and loans got stuck on their books due to tariff turmoil in the market. The $1.425 billion leveraged loan, led by UBS, increased in size and priced at 4.5 percentage points over the benchmark rate with a relatively small discounted price of 90 cents on the dollar on Friday, due to strong investor demand, according to a person familiar with the matter.
