Today’s Stock On Watch: UBS Group AG (USA) Stock Price Increases Today

Today's Stock On Watch: UBS Group AG (USA) Stock Price Increases Today

The stock of UBS Group AG (USA) (NYSE:UBS) is a huge mover today! About 563,654 shares traded hands. UBS Group AG (USA) (NYSE:UBS) has declined 9.81% since April 26, 2016 and is downtrending. It has underperformed by 15.07% the S&P500.
The move comes after 5 months positive chart setup for the $58.93 billion company. It was reported on Nov, 29 by Barchart.com. We have $16.48 PT which if reached, will make NYSE:UBS worth $3.54 billion more.

Analysts await UBS Group AG (USA) (NYSE:UBS) to report earnings on March, 17.

UBS Group AG (USA) (NYSE:UBS) Ratings Coverage

Out of 11 analysts covering UBS AG (NYSE:UBS), 2 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 18% are positive. UBS AG has been the topic of 15 analyst reports since September 15, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, February 24 by Macquarie Research. The firm earned “Underweight” rating on Monday, June 27 by JP Morgan. The firm earned “Neutral” rating on Wednesday, October 28 by JP Morgan. Bank of America downgraded the shares of UBS in a report on Tuesday, November 3 to “Underperform” rating. The firm has “Overweight” rating given on Thursday, June 9 by Barclays Capital. Goldman Sachs downgraded the shares of UBS in a report on Tuesday, September 15 to “Neutral” rating. The stock has “Hold” rating given by Kepler Cheuvreux on Tuesday, February 9. The rating was upgraded by Keefe Bruyette & Woods on Thursday, November 10 to “Outperform”. The stock of UBS Group AG (USA) (NYSE:UBS) earned “Buy” rating by Bank of America on Wednesday, October 7. The firm earned “Sector Perform” rating on Wednesday, October 5 by RBC Capital Markets.

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.”

Another recent and important UBS Group AG (USA) (NYSE:UBS) news was published by Businessfinancenews.com which published an article titled: “UBS Group AG (USA) Wealth Management; Time to Unveil the Surprise” on July 06, 2016.

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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