UBS price target raised to CHF 17 from CHF 16 at Morgan Stanley » 13:1707/2607/26/21
Morgan Stanley analyst…
Morgan Stanley analyst Magdalena Stoklosa raised the firm's price target on UBS to CHF 17 from CHF 16 and keeps an Equal Weight rating on the shares.
|Over a week ago|
UBS price target raised to CHF 17.50 from CHF 17 at RBC Capital » 10:5907/2307/23/21
RBC Capital analyst Anke…
RBC Capital analyst Anke Reingen raised the firm's price target on UBS to CHF 17.50 from CHF 17 and keeps a Sector Perform rating on the shares.
Credit Suisse hires another UBS executive, David Kruck, Reuters reports » 06:4307/2307/23/21
Credit Suisse's (CS)…
Credit Suisse's (CS) has hired UBS' (UBS) David Kruck, with Ulrich Koerner bringing in a former colleague, Brenna Neghaiwi and Oliver Hirt of Reuters reports, citing statements made in a memo. Koerner joined Credit Suisse from UBS in April amid the implosion around $10B of funds related to Greensill. Now, Kerner has hired UBS' chief of staff to the president of asset management to fill a similar slot at Credit Suisse. Furthermore, ad interim chief of staff Henning Wechsung will also join Credit Suisse as the division's head of strategy. Reference Link
UBS hikes salaries for junior investment bankers, Insider reports » 17:0007/2107/21/21
UBS is hiking salaries…
UBS is hiking salaries for investment bank analysts, associates, and directors, Business Insider's Reed Alexander and Samantha Stokes report, citing two people familiar with the matter. The pay raises are effective August 1, the authors say, citing a person familiar with the comp bump. Reference Link
UBS price target raised to CHF 14.50 from CHF 13.50 at Barclays » 14:1807/2107/21/21
Barclays analyst Amit…
Barclays analyst Amit Goel raised the firm's price target on UBS to CHF 14.50 from CHF 13.50 and keeps an Underweight rating on the shares.
UBS price target raised to CHF 18 from CHF 17 at Credit Suisse » 13:4907/2107/21/21
Credit Suisse analyst Jon…
Credit Suisse analyst Jon Peace raised the firm's price target on UBS to CHF 18 from CHF 17 and keeps an Outperform rating on the shares.
UBS price target raised to CHF 20 from CHF 18 at JPMorgan » 13:3507/2107/21/21
JPMorgan analyst Kian…
JPMorgan analyst Kian Abouhossein raised the firm's price target on UBS to CHF 20 from CHF 18 and keeps an Overweight rating on the shares.
UBS CEO says 'momentum is on our side' » 06:3907/2007/20/21
Ralph Hamers, UBS CEO,…
Ralph Hamers, UBS CEO, said, "Our growth in the second quarter was underpinned by the relationships we have built and strengthened throughout the pandemic and by the trust our clients placed in our people and in our firm. All business divisions and all regions contributed to our results. Our clients invested more with us - in private markets and separately managed accounts. They came to us to finance their homes and their businesses and to create liquidity buffers for unforeseen events, all of which led to an increase in net new loans year-on-year. They sought out our advice when dealing with the industry changes coming out of the pandemic, to digitize their business models and gain scale. And so advisory and capital market revenues also increased. They continued to seek yield with us and therefore actively engaged in structured products and alternative investments. Invested assets with a sustainability or impact focus saw growth as clients aligned their portfolios with their values. Momentum is on our side and our strategic choices and initiatives are paying off. And we are eager to make the most of the future.
UBS reports Q2 EPS 55c vs. 33c last year » 06:3407/2007/20/21
Reports Q2 profit before…
Reports Q2 profit before tax $2.59B. Reports Q2 tangible book value per share $15.05. Reports Q2 return on CET1 capital ratio 19.3%. Reports Q2 CET1 capital ratio 14.5%. CEO Ralph Hamers said, "We sustained our business momentum in 2Q21 as we continued to be a trusted partner for clients. Our focus on growth, relentless execution and evolution of our strategic initiatives drove strong financial performance across all businesses, resulting in a pre-tax profit of USD 2.6bn."
UBS price target lowered to CHF 13.50 from CHF 14 at Barclays » 15:0507/1907/19/21
Barclays analyst Amit…
Barclays analyst Amit Goel lowered the firm's price target on UBS to CHF 13.50 from CHF 14 and keeps an Underweight rating on the shares.