The stock of UBS Group AG (USA) (NYSE:UBS) is a huge mover today! About 3.36M shares traded hands or 85.64% up from the average. UBS Group AG (USA) (NYSE:UBS) has declined 14.64% since February 26, 2016 and is downtrending. It has underperformed by 25.07% the S&P500.
The move comes after 5 months positive chart setup for the $52.13B company. It was reported on Oct, 1 by Barchart.com. We have $21.35 PT which if reached, will make NYSE:UBS worth $26.59B more.
Analysts await UBS Group AG (USA) (NYSE:UBS) to report earnings on November, 1.
UBS Group AG (USA) (NYSE:UBS) Ratings Coverage
Out of 10 analysts covering UBS AG (NYSE:UBS), 1 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 10% are positive. UBS AG has been the topic of 13 analyst reports since September 15, 2015 according to StockzIntelligence Inc. The rating was downgraded by Macquarie Research to “Neutral” on Wednesday, February 24. The firm has “Neutral” rating by Credit Suisse given on Monday, September 19. The stock has “Hold” rating given by Societe Generale on Friday, May 13. On Tuesday, November 3 the stock rating was downgraded by Bank of America to “Underperform”. As per Tuesday, February 9, the company rating was downgraded by Kepler Cheuvreux. JP Morgan downgraded the shares of UBS in a report on Monday, June 27 to “Underweight” rating. RBC Capital Markets downgraded UBS Group AG (USA) (NYSE:UBS) on Wednesday, February 3 to “Sector Perform” rating. The firm earned “Buy” rating on Wednesday, October 7 by Bank of America. On Thursday, June 9 the stock rating was upgraded by Barclays Capital to “Overweight”. The rating was downgraded by RBC Capital Markets on Tuesday, June 28 to “Underperform”.
According to Zacks Investment Research, “UBS Group AG engages in providing financial services to private, corporate and institutional clients. It offers retail banking, corporate and institutional banking, wealth management, asset management, and investment banking. The company’s Wealth Management division offers investment management, estate planning, and corporate finance advice, as well as specific wealth management products and services. Its Retail & Corporate division offers financial products and services to retail, corporate, and institutional clients. This division also provides professional services, including fund set-up, accounting, and reporting for traditional investment funds and alternative funds. The company’s Investment Bank division is engaged in the sales, trading, and market-making activities across a range of securities; and provides advisory services and access in capital markets. UBS Group AG is headquartered in Zurich, Switzerland.”
More recent UBS Group AG (USA) (NYSE:UBS) news were published by: Businessfinancenews.com which released: “UBS Group Remains Buoyant Despite Secrecy Issues” on July 30, 2016. Also Businessfinancenews.com published the news titled: “UBS Group Tanks After Weakness in Wealth Management” on February 02, 2016. Businessfinancenews.com‘s news article titled: “UBS Group AG Adds New Metric to Performance Reviews” with publication date: February 16, 2016 was also an interesting one.
UBS Company Profile
UBS Group AG (UBS), incorporated on June 10, 2014, is a holding company. The Firm provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Firm comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. The Company’s Corporate Center comprises Services, Group Asset and Liability Management (Group ALM) and Non-core and Legacy Portfolio. Services include the Company’s control functions, such as finance, risk control (including compliance) and legal. In addition, it provides all logistics and support services, including operations, information technology, human resources, regulatory relations and strategic initiatives, communications and branding, corporate services, physical security, information security, as well as outsourcing, nearshoring and offshoring. Group ALM is responsible for centrally managing the Company’s liquidity and funding position, as well as providing other balance sheet and capital management services to the Company. Non-core and Legacy Portfolio consists of the non-core businesses and legacy positions. The Firm provides financial advice and solutions to private, institutional and corporate clients around the world, as well as private clients in Switzerland.
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