UBS Group Ag (UBS)
$15.71 0.27 (1.69%)
10:18 EST UBS Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 60.53B
PE Ratio -
Volume (Avg. Vol.) 1.22M
Day's Range 15.69 - 15.85
52-Week Range 7.48 - 16.20
Dividend & Yield 0.69 (4.39%)
UBS Stock Predictions, Articles, and UBS Group Ag News
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UBS AG (NYSE:UBS) is one of 141 companies within the Capital Markets GICS industry group, which is in turn part of the 766 company GICS Financials sector. UBS has a market value of $63.5 billion which is in the top decile in its industry group. The current Portfolio Grader ranking for UBS puts it 106 among the 141 companies in this industry group, a position that is well below-average; squarely in the bottom quartile of the sector with a ranking of 585 among the 766 companies in the sector, and number 3,407 in the nearly 5,000 company Portfolio Grader universe.
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From Yahoo Finance
(Bloomberg) -- UBS Group AG plans to deepen its control over its Chinese securities unit as two of its partners in the venture are seeking to sell their stakes.UBS, which in 2018 became the first foreign bank to win approval for majority control of a securities venture in the nation, is planning to snap up another 16% of the firm, boosting its control to 67%, said people familiar with the matter who asked not to be identified discussing an internal matter.UBS has been discussing the purchase with Guangdong Provincial Transportation Group Co. and China Guodian Capital Holdings Ltd., who will put their 14% and 1.99% respective holdings in the venture on sale as early as today, the people said.Unlike rivals such as Goldman Sachs Group Inc. and Credit Suisse Group AG, the Zurich-based bank currently has no intention of going for full ownership, which China allowed foreign banks to do last year. UBS has said it has a good relationship with its Chinese partner and prefers to keep the asset management arm of the Beijing government as a shareholder because of the connections it can provide in China, the people said.A media representative at UBS declined to comment. Guangdong Transportation and Guodian Capital couldn’t be reached for comments on phone numbers provided on their websites.Foreign banks have aggressive plans to expand in China -- in some case seeking to double their staffing -- as the country further opens its $54 trillion financial market. By gaining control of their firms, they are better able to set the strategic direction to boost investments. Foreign firms have had limited success with joint ventures over the past decade in China, which in many cases have been unprofitable.JPMorgan Chase & Co. in November raised its stake in its venture to 71%, buying out an additional 20% for about $27 million. In December, Goldman agreed with its partner to snap up the 49% that it doesn’t own in its venture.UBS is in the process of moving several managing directors from Hong Kong to mainland China to better compete for deals in the country.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
From Yahoo Finance
(Bloomberg) -- Housebuilders and pub companies are among stocks to watch when U.K. Chancellor of the Exchequer Rishi Sunak makes his budget announcement on Wednesday, a speech that is set to throw light on the gaping hole in the country’s finances wrought by the pandemic.The Treasury said late Tuesday that it would extend the furlough program for Britain’s masses of idle workers until the end of September, while press reports have suggested Sunak will announce more specific support for the housing sector and the bruised hospitality trade.A bigger deal to the domestic equity market would be any move to increase the rate of Corporation Tax, although according to Goldman Sachs Group Inc. this isn’t likely until life returns to some form of normality. Bumping the tax on companies up 6 percentage points to 25% to bring it into line with other countries could spark a fall in U.K. stocks and shave up to 4% off the blue-chip FTSE 100 index’s market capitalization, the bank has forecast.“What will matter more for U.K. stocks is the success of the Covid vaccine rollout and the eventual unlocking of the economy, which is progressing well,” Goldman strategist Sharon Bell wrote in a Feb. 26 note.Sunak will deliver his speech at around 12:30 p.m. in London. Here’s how the contents of his red briefcase could impact shares:Housing, BanksIt’s been speculated for months that Sunak would extend the holiday on stamp duty -- a tax payable if you buy a property or land over a certain price. The break announced as the pandemic struck not only boosted homebuilders like Taylor Wimpey Plc and Persimmon Plc, but also estate agents and property portals like Foxtons Group Plc and Rightmove Plc.The stimulus kept the mortgage market buoyant even as London rents plunged and workers fled the city, aiding banks like Lloyds Banking Group Plc and NatWest Group Plc, who compete in residential lending. Still, the strength of the housing market “raises questions as to whether this is needed,” Dean Turner, economist at UBS Global Wealth Management, said of a potential extension of the stamp duty holiday.Housebuilders’ stocks already got a boost on Monday after the government announced a plan to bring back 95% mortgages to help aspiring homeowners who have smaller deposits. If the measure isn’t restricted to new builds, that could also spur robust repair and maintenance demand, in turn driving sales at building merchants such as Travis Perkins Plc and Grafton Group Plc, Citigroup Inc. analyst Ami Galla wrote in a note Monday.Hospitality, RetailU.K. retail and pub stocks gained this week after the government said it would provide grants to help nearly 700,000 businesses ahead of a gradual reopening of non-essential stores and outdoor hospitality from next month.Sunak is likely to extend a reduced rate of value-added tax to further help operators recoup some of the money lost to closure, Berenberg analyst Owen Shirley said in a note Monday. There could also be another holiday for “business rates” -- a tax on all commercial property -- which is a significant burden for chains with many sites like JD Wetherspoon Plc.Along with Wetherspoon, keep an eye on pub peers Mitchells & Butlers Plc and Marston’s Plc, as well as Wagamama-owner Restaurant Group Plc. The latter, which also owns the Garfunkel’s and Frankie and Benny’s brands, may also benefit from programs to reinvigorate the arts sector, given it has a number of locations near theaters and cinemas.Retailers such as Marks & Spencer Group Plc and JD Sports Fashion Plc should be watched too, though the outlook for those stocks is more likely to be impacted by reopening progress.InfrastructureUBS’s Turner advises watching for any surprise spending announcements from Sunak in the form of infrastructure projects to boost the government’s “levelling up agenda” or those that promote the “greening” of the U.K. economy ahead of November’s COP26 climate change meeting. Investors might keep an eye on construction stocks such as builders Balfour Beatty Plc and Kier Group Plc, and Irish materials supplier CRH Plc.Sin TaxesSunak is likely to lift taxes on tobacco, according to The Sun newspaper. The stocks to watch are British American Tobacco Plc and Imperial Brands Plc, though the market reaction may be muted given tobacco price tax increases have long been used in the U.K. in attempt to deter people from the habit.Any mention of a possible reduction in the duty charged to pubs on alcohol sales in relation to that charged to supermarkets could have a marginally positive impact for drinks firms like Guinness-maker Diageo Plc, as well as pubs. Prime Minister Boris Johnson has said such a review is being conducted, though Berenberg’s Shirley doesn’t anticipate any change being announced in the budget.Capital Gains TaxSunak may soon consider an increase in capital gains tax -- a charge on the profit made when you sell an asset -- according to Goldman’s Bell.The strategist expects the implications for stocks to be minimal, as roughly 60% of U.K. shares are held by non-U.K. investors, who usually face tax in their own jurisdictions. However, such a move may affect market sentiment and could mean investors are discouraged from selling strongly performing assets, aiding momentum trades over value, she said.Keep on eye on the stock prices of share trading platforms like Hargreaves Lansdown Plc and AJ Bell Plc if something is announced.Listing RevampSunak is set to unveil proposals to revamp stock exchange listing rules as the U.K. seeks to boost the City of London post-Brexit, Bloomberg reported Tuesday. The changes will include allowing blank-check firms, or special purpose acquisition companies (SPACs), to join its markets. London Stock Exchange Group Plc is the main stock to watch, while smaller firm Aquis Exchange Plc could also be impacted.(Adds extension of furlough program in second paragraph, note on SPACs in last.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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