The stock of UBS Group AG (USA) (NYSE:UBS) is a huge mover today! About 4.11M shares traded hands or 92.06% up from the average. UBS Group AG (USA) (NYSE:UBS) has declined 4.81% since April 8, 2016 and is downtrending. It has underperformed by 10.46% the S&P500.
The move comes after 7 months positive chart setup for the $60.31B company. It was reported on Nov, 10 by Barchart.com. We have $25.31 PT which if reached, will make NYSE:UBS worth $38.00 billion more.
UBS Group AG (USA) (NYSE:UBS) Ratings Coverage
Out of 10 analysts covering UBS AG (NYSE:UBS), 1 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 10% are positive. UBS AG has been the topic of 14 analyst reports since September 15, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Macquarie Research on Wednesday, February 24. The stock of UBS Group AG (USA) (NYSE:UBS) has “Underweight” rating given on Monday, June 27 by JP Morgan. Barclays Capital upgraded the shares of UBS in a report on Thursday, June 9 to “Overweight” rating. The firm has “Underperform” rating given on Tuesday, November 3 by Bank of America. As per Tuesday, February 9, the company rating was downgraded by Kepler Cheuvreux. The stock has “Neutral” rating given by JP Morgan on Wednesday, October 28. The stock of UBS Group AG (USA) (NYSE:UBS) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, February 3. Nomura downgraded the stock to “Neutral” rating in Thursday, September 17 report. The rating was upgraded by RBC Capital Markets on Wednesday, October 5 to “Sector Perform”. The stock of UBS Group AG (USA) (NYSE:UBS) earned “Underperform” rating by RBC Capital Markets on Tuesday, June 28.
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 news for UBS Group AG (USA) (NYSE:UBS) were recently published by: Businessfinancenews.com, which released: “UBS Group AG (USA) Wealth Management; Time to Unveil the Surprise” on July 06, 2016. Businessfinancenews.com‘s article titled: “UBS Group Remains Buoyant Despite Secrecy Issues” and published on July 30, 2016 is yet another important article.
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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