UBS Financial News

31.08 / 13:49

COST Target Strategy UBS UBS plans cost cuts after $29B Credit Suisse windfall

UBS Group outlined major targets for its integration of former rival Credit Suisse, including 3,000 domestic job cuts and more than $10 billion in cost savings, as it posted the biggest ever quarterly profit for a bank on the back of the bargain acquisition that closed in June.

31.08 / 13:41

FIVE Reuters UBS Cronos Okta pop Stocks making the biggest premarket moves: Dollar General, Salesforce, Palantir and more

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31.08 / 12:29

UPS Target NASDAQ DOW COMPOSITE UBS index jobless claims Dow futures higher; jobless claims, PCE index, Salesforce earnings in focus

Investing.com — U.S. stock futures traded in a mixed fashion Thursday, as investors await the release of key inflation and unemployment data that could convince the Federal Reserve to pause on further interest rate increases.

31.08 / 12:29

UPS DOW Manufacturing Action Software UBS country guidance jobless claims Jobless claims and PCE ahead, Salesforce lifts guidance - what's moving markets

Investing.com -- Investors await a fresh slew of U.S. economic data on Thursday after figures earlier in the week bolstered predictions that the Federal Reserve may soon end an aggressive interest rate hiking campaign. Dow futures point into the green, aided by improved guidance from Salesforce (NYSE:CRM), which boosted shares in the software group in premarket trading. Elsewhere, activity in China's key manufacturing sector contracts, spurring on calls for Beijing to take stronger action to support the stuttering economy.

31.08 / 12:17

UPS Provident Booking UBS show Deal UBS Posts Record $29 Billion Profit on Credit Suisse Deal

Credit Suisse into its books. But the gargantuan gain comes with an equally large challenge to meld the banking giants. On Thursday, UBS provided a clearer picture of its future form, saying it would keep Credit Suisse’s large domestic arm in Switzerland rather than spin it off.

31.08 / 11:49

COST JPMorgan Chase UBS show UBS just smashed JPMorgan’s record for quarterly bank profit

Global banking group UBS has beaten earnings expectations and beaten the record for quarterly profit in the banking sector.

31.08 / 09:55

UPS BLOCK Booking UBS cover UBS launches Auckland Airport block trade; funds pre-empt bookbuild

The equity capital markets team at UBS launched an $NZ800 million ($735 million) million block trade in Auckland International Airport shares on Thursday on behalf of Auckland Council, Street Talk can reveal.

31.08 / 07:57

UBS banking companies Results Credit Suisse Wealth Management UBS posts record bank profit following Credit Suisse acquisition

“Our analysis clearly shows that full integration is the best outcome for UBS, our stakeholders and the Swiss economy,” said UBS group CEO Sergio Ermotti.

31.08 / 07:23

COST UPS CEO UBS reports Takeover UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts

Swiss bank UBS announced plans to save $10 billion in costs as it moves ahead with “full integration” of longtime rival Credit Suisse’s domestic operations, releasing its first earnings report since the government-orchestrated merger to help stave off ...

31.08 / 05:11

UPS Reuters UBS Takeover UBS posts $29 billion second-quarter profit in first results since Credit Suisse takeover

UBS on Thursday posted a second-quarter profit of $28.88 billion in its first quarterly earnings since Switzerland's largest bank completed its takeover of stricken rival Credit Suisse.

30.08 / 11:59

Reuters UBS UBS winds down Credit Suisse global markets business: Report

Credit Suisse said it will reduce the volume of new markets business from Sept. 22 while UBS integrates its former rival, the bank said in a letter sent to clients, as the 166-year-old firm winds down trading in global securities.

30.08 / 03:41

COST UPS Pool UBS Power pricing Brambles pricing power outweighs consumer spending slowdown

Transport and logistics group Brambles expects profit growth to slow in 2023-24 as cost-of-living pressures on households mean lower volumes of goods are being transported on pallets to the group’s retailer customers, which are cutting back inventory levels.

30.08 / 01:15

Lowe's Airlines UBS performer dividend Centre Flight Centre reinstates dividend as earnings and sales soar

Flight Centre expects a return to “more favourable dynamics for travellers” after reporting record performance in corporate travel, taking its total sales to their second-highest level ever.

29.08 / 17:55

COST UPS FIVE UBS country Takeover UBS set for record quarter, plenty of post-takeover questions

UBS Group investors are bracing for plenty of superlatives and drama as the Swiss lender prepares to unveil the first quarterly results since taking over Credit Suisse in an unprecedented government-led rescue.

29.08 / 17:55

UPS UBS Holdings stake Seven Group Holdings chips off Boral stake; UBS on ticket

Kerry Stokes’ Seven Group Holdings had UBS’s equities desk rounding up buyers for an up to 3 per cent slice of Boral Limited after market close on Tuesday.

29.08 / 14:01

Software Oracle Toyota UBS AT&T Verizon Stocks making the biggest moves premarket: Oracle, AT&T, Best Buy and more

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29.08 / 12:55

UBS companies Lawsuit Credit Suisse UBS settles Credit Suisse lawsuit against finance blog

'Inside Paradeplatz undertakes to carefully examine readers' comments in advance and not to allow any personal infringements against the plaintiffs.'

29.08 / 11:43

UPS NASDAQ Enterprise UBS track Stocks gain as markets await raft of US and global data

European stocks gained for a second day as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies.

29.08 / 11:25

COST Target Oracle UBS AT&T Verizon analyst 5 big analyst picks: Clouds clearing for Verizon and AT&T, says Citi

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at 3M, Oracle, Mister Car Wash , AT&T, and Futu.

28.08 / 12:09

Target Align UBS Danaher Kimco show Stocks making the biggest moves premarket: 3M, CrowdStrike, Xpeng and more

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28.08 / 11:15

UPS Progressive UBS performer Futures edge higher as focus shifts to inflation, jobs data

(Reuters) — U.S. stock index futures edged higher on Monday, with investor focus on key inflation data and employment readings that are due later this week for further clues on the Federal Reserve's interest rate trajectory.

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