Tag: UBS

April 2, 2024

UBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of that total expected to take place this year. “As previously communicated, in 2024 we expect to repurchase up to USD […]

November 14, 2023

UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost four times the market consensus, as the world’s largest economy tips into recession. In its 2024-2026 outlook for the U.S. […]

November 7, 2023

UBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit. The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations. UBS shares were up 3.2% by […]

March 20, 2023

Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion in a deal orchestrated by regulators to try to stave off further turmoil in the global […]

October 26, 2021

Shares of UBS Group AG were gaining around 2 percent in Swiss trading after the banking major reported Tuesday higher profit in its third quarter with growth in net interest income. Further, the company said it intends to repurchase up […]

April 27, 2021

Tesla — Shares of the electric vehicle company slipped nearly 2%, despite headline beats on earnings and revenue for Tesla’s first quarter. The company’s net profit was boosted by regulatory credits and a $101 million benefit from selling bitcoin. CEO […]

July 15, 2019

The U.S. may have added 224,000 nonfarm jobs in June, and core inflation may have climbed by the fastest amount in more than a year. Economists at UBS still anticipate a half-point cut from the Fed at the upcoming Federal […]

May 20, 2019

Shares of Deutsche Bank hit a record low Monday, down nearly 3%, after UBS downgraded the German lender’s stock to a “sell” rating from “neutral.” Pointing to tough external events and the low interest rate environment, UBS slashed its price […]

March 14, 2018

Fears of a global trade war have been ratcheted up in recent days amid warnings from China that it won’t take President Donald Trump’s newly proposed tariffs lying down. Earlier in March, the nation said it will respond in kind […]

February 23, 2018

Amid all of the US market’s recent turbulence, one running narrative has remained largely unchanged: The economy is still in great shape, despite whatever else is going on. UBS disagrees. It argues that beneath the seemingly stable veneer of the […]