Zacks Industry Outlook Highlights: BBVA Banco Francés, Deutsche Bank, UBS Group, Royal Bank of Canada and Shinhan Financial Group
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 8:30AM CDT
Zacks Industry Outlook Highlights: BBVA Banco Francés, Deutsche Bank, UBS Group, Royal Bank of Canada and Shinhan Financial Group
BFR: 20.24 (-0.10), RY: 61.57 (-0.82), DB: 15.74 (-0.97), UBS: 14.33 (-0.42), SHG: 33.62 (-0.70)
Foreign Money Center Banks Stocks Highlight - UBS Group, HSBC Holdings, The Royal Bank of Scotland Group, and East West Bancorp
PR Newswire - Fri Jun 10, 6:40AM CDT
On Thursday, June 09, 2016, the NASDAQ Composite ended the trading session at 4,958.62, down 0.32%; the Dow Jones Industrial Average edged 0.11% lower to finish at 17,985.19; and the S&P 500 closed at 2,115.48, down 0.17%. ActiveWallSt.com has initiated coverage on the following equities: UBS Group A.G. (NYSE: UBS), HSBC Holdings PLC (NYSE: HSBC), The Royal Bank of Scotland Group PLC (NYSE: RBS), and East West Bancorp Inc. (NASDAQ: EWBC). Learn more about these stocks by accessing their free trade alerts at:
EWBC: 36.89 (-0.84), HSBC: 31.01 (-1.22), RBS: 6.06 (-0.43), UBS: 14.33 (-0.42), WTBA: 18.99 (-0.11)
Upgrade Alert for UBS (UBS)
Comtex SmarTrend(R) - Fri Jun 10, 3:13AM CDT
UBS (NYSE:UBS) was upgraded from Equal Weight to Overweight at Barclays Capital today. The stock closed yesterday at $14.75 on volume of 1.8 million shares, below average daily volume of 2.9 million. In the past 52 weeks, UBS share prices have been bracketed by a low of $14.01 and a high of $23.19 and closed yesterday at $14.75, 5% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.6%.
UBS: 14.33 (-0.42)
Foreign Banks Stock Outlook - June 2016
Kalyan Nandy - Zacks Investment Research - Thu Jun 09, 4:30PM CDT
Foreign Banks Stock Outlook - June 2016
BCS: 9.56 (-0.64), TD: 44.50 (-0.49), BFR: 20.24 (-0.10), CS: 12.43 (-0.57), RY: 61.57 (-0.82), DB: 15.74 (-0.97), HSBC: 31.01 (-1.22), UBS: 14.33 (-0.42), CM: 80.53 (-0.89), SHG: 33.62 (-0.70)
UBS to Cut Management Jobs, Overhaul U.S. Wealth Unit
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 8:23AM CDT
UBS Group AG (UBS) is planning to eliminate some management positions in its U.S. wealth-management division and reduce advisor recruitment by 40%
BMO: 65.12 (-0.60), RY: 61.57 (-0.82), UBS: 14.33 (-0.42), CM: 80.53 (-0.89)
UBS Wealth Management Americas Introduces New Operating Model
BusinessWire - Wed Jun 08, 4:30PM CDT
--Follows recent investments in technology and enhanced partnership with UBS's non-US Wealth Management business
UBS: 14.33 (-0.42)
UBS Declares Coupon Payments on Thirteen Monthly Pay ETRACS Exchange Traded Notes
BusinessWire - Fri Jun 03, 9:00AM CDT
--DVYL: linked to the Dow Jones U.S. Select Dividend Index
UBS: 14.33 (-0.42)
BofA's U.S. Trust to Add Advisers & Grow Wealth Management
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:13AM CDT
In a bid to boost wealth management revenue, Bank of America's (BAC) U.S. Trust business is planning to hire over 100 financial advisers.
BAC: 13.83 (-0.36), WFC: 48.34 (-0.80), UBS: 14.33 (-0.42), MS: 25.54 (-0.54)
Canadian Imperial (CM): Q2 Earnings and Revenues Strong
Zacks Equity Research - Zacks Investment Research - Tue May 31, 7:14AM CDT
Canadian Imperial Bank of Commerce (CM) reported second-quarter fiscal 2016 earnings (ended Apr 30) on May 26. Adjusted earnings per share came in at C$2.40, up from C$2.28 in the prior-year quarter.
RY: 61.57 (-0.82), RBS: 6.06 (-0.43), UBS: 14.33 (-0.42), CM: 80.53 (-0.89)
Royal Bank of Canada Q2 Earnings and Revenues Up Y/Y
Zacks Equity Research - Zacks Investment Research - Fri May 27, 6:32AM CDT
Royal Bank of Canada (RY) reported second-quarter fiscal 2016 (ended Apr 30) net income of C$2.6 billion ($1.96 billion), up 3% from the prior-year quarter.
RY: 61.57 (-0.82), DB: 15.74 (-0.97), RBS: 6.06 (-0.43), UBS: 14.33 (-0.42)
LIBOR Lawsuits Revived Against 16 Banks, Fines to Follow?
Zacks Equity Research - Zacks Investment Research - Tue May 24, 7:27AM CDT
A federal appellate panel reinstated the private antitrust lawsuits against 16 banks related to the rigging of LIBOR, indicating no respite for the banks from their past wrongdoings.
BCS: 9.56 (-0.64), JPM: 63.84 (-0.91), CS: 12.43 (-0.57), C: 43.90 (-1.11), HSBC: 31.01 (-1.22), DB: 15.74 (-0.97), BAC: 13.83 (-0.36), UBS: 14.33 (-0.42)
BofA's $1.27B 'Hustle' Penalty Overturned: A Huge Relief
Zacks Equity Research - Zacks Investment Research - Tue May 24, 6:54AM CDT
In a major win for BofA, penalty related to the 'Hustle' lawsuit has been overturned. What does this mean to the bank and other parties related to the case?
MET: 43.09 (-0.69), BAC: 13.83 (-0.36), RBS: 6.06 (-0.43), UBS: 14.33 (-0.42)
UBS Group Eliminates Jobs in Investment Banking Unit
Zacks Equity Research - Zacks Investment Research - Mon May 23, 2:50PM CDT
In line with its strategy to reduce costs, UBS Group AG (UBS) is reportedly eliminating jobs at its investment banking division.
BCS: 9.56 (-0.64), UBS: 14.33 (-0.42), CM: 80.53 (-0.89)
Artsy & UBS Release Four-Part Film Series Providing Insider Perspectives on the Art Market
BusinessWire - Wed May 18, 12:20PM CDT
--Films about galleries, patrons, and art fairs to come
UBS: 14.33 (-0.42)
Goldman to Sell Australian Equities, Fixed Income Businesses?
Zacks Equity Research - Zacks Investment Research - Wed May 18, 7:17AM CDT
The Goldman Sachs Group, Inc. (GS) is reportedly contemplating the sale of its Australian equities and fixed income businesses as the company initiated a review of strategic options
KCG: 13.64 (-0.02), GS: 149.89 (-3.28), UBS: 14.33 (-0.42), LPLA: 24.75 (-0.99)
Downgrade Alert for UBS (UBS)
Comtex SmarTrend(R) - Tue May 17, 3:21AM CDT
UBS (NYSE:UBS) was downgraded from Outperform to Underperform at Keefe Bruyette today. The stock closed yesterday at $14.64 on volume of 3.8 million shares, above average daily volume of 2.9 million. UBS AG is a wealth management, investment banking, and asset management firm. The Company provides a variety of financial services to individuals, institutions, corporations, governments, and financial intermediaries around the world.
UBS: 14.33 (-0.42)
Look for Shares of UBS to Potentially Rebound after Yesterday's 1.02% Sell Off
Comtex SmarTrend(R) - Mon May 16, 3:48PM CDT
UBS (NYSE:UBS) traded in a range yesterday that spanned from a low of $14.57 to a high of $14.73. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $14.71 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
UBS: 14.33 (-0.42)
UBS Seeks Dismissal of Claims Tied with MBS Lawsuit
Zacks Equity Research - Zacks Investment Research - Mon May 16, 8:48AM CDT
BS Group AG (UBS) has urged a U.S. judge to dismiss claims that the bank should be held liable for losses of $2 billion incurred by investors on mortgage-backed securities (MBS)
GGAL: 29.76 (+0.11), UBS: 14.33 (-0.42), SHG: 33.62 (-0.70)
UBS and SigFig to Form Strategic Alliance for Wealth Management Technology Development
BusinessWire - Mon May 16, 8:15AM CDT
UBS Wealth Management Americas (WMA), and SigFig, an independent San-Francisco-based wealth management technology company, today announced that they have agreed to form a strategic alliance to develop financial technology for UBS WMA, its financial advisors and their clients.
UBS: 14.33 (-0.42)
UBS Preferred Funding Trust IV Issues Notice of Redemption
BusinessWire - Tue May 10, 3:29PM CDT
UBS today has issued a notice of redemption to the holders of Floating Rate Noncumulative Trust Preferred Securities (the "Securities"
UBS: 14.33 (-0.42)