Press Release: UBS Declares Coupon Payments on 8 ETRACS Exchange Traded Notes
UBS Hires JPMorgan Executive to Lead U.S. Workplace Wealth Unit -- Barrons.com
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Market Chatter: UBS Plans Up to 50 Redundancies in France
UBS Group Collaborates With General Atlantic Credit in Private Credit Investing
UBS Group is restructuring its business activities in France and will eliminate less than 50 positions.
A UBS Group spokesperson stated that this decision was made after the "integration of Credit Suisse." The spokesperson indicated via email, "UBS Group has reached an agreement with the employee committee to restructure part of the Business activities in France." Therefore, "fewer than 50 positions will be eliminated." The company will provide "measures to support affected employees." "France remains a strategic growth market for UBS Group in Europe."
UBS Group: Raised the Target Price of HKEX to HKD 344, rating "Neutral".
UBS Group released a Research Report stating that HKEX (00388) exceeded expectations for both revenue and profit in the first quarter of this year, and noted that a more challenging baseline will be faced in the second quarter, with last year's second quarter revenue and net profit increasing by 8% and 9% year-on-year, respectively. Considering the market activity so far in the second quarter, the expectation for this year's average daily trading value has been raised from 1.59 billion HKD to 1.70 billion HKD, with operating expenses during the period reduced by 1% respectively. The earnings per share forecast has been raised by 6%, 4%, and 4% respectively, to 10.8 HKD, 9.7 HKD, and 9.9 HKD. The Target Price for HKEX has been increased from 320 HKD to 344 HKD, maintaining a 'Neutral' rating.
UBS Group: Reduces the Target Price for China Railway Construction Corporation to HKD 5.1, rating "Neutral".
UBS Group released a Research Report stating that China Railway Construction Corporation (01186) saw a 6% and 14% decrease in revenue and recurring net profit respectively in the first quarter compared to the same period last year. The recurring profit fell below both the bank's and market expectations, primarily due to weak gross margin. The gross margin decreased by 0.3 percentage points from 7.8% in the first quarter of 2024 to 7.5% in the first quarter of 2025. To reflect the lower-than-expected earnings for the first quarters of 2024 and 2025, UBS Group has lowered the stock's target PE for 2025 from 3.4 to 3.3 times, with the target price reduced by 9% to HKD 5.1, maintaining a "Neutral" rating.
UBS to Pay $511 Million to Settle Credit Suisse U.S. Tax Case
UBS Group: Lowers China Railway Target Price to 4.2 Hong Kong dollars, maintains "Buy" rating.
UBS Group released a Research Report stating that China Railway (00390) experienced a decline in revenue and net profit of 6% and 23% year-on-year in the first quarter of this year, while overall new contracts fell by 10% due to the limited growth potential of traditional sectors and the Real Estate Industry still hitting bottom. At the same time, the company is actively shifting its strategy, focusing on quality over scale expansion. The significant year-on-year increase of 33% in overseas new contracts is a highlight, benefiting from considerable growth in the real estate and Railroads projects in Asia and Africa. The bank has lowered its earnings per share forecast for the company from this year to 2027 by 12% to 15%, reducing the Target Price from HKD 4.8 to HKD 4.2, and maintaining a 'Buy' rating.
UBS Group: Berkshire Hathaway still has advantages, even if Buffett is preparing to step down, it remains attractive.
UBS Group's Research Reports indicate that even as Warren Buffett plans to step down, Berkshire Hathaway's "permanent capital" and its structural advantage of utilizing its vast Business to gather information to assist investment decisions still exist. The legendary investor stated last Saturday that he intends to resign as CEO at the end of the year, handing over the reins to Greg? Abel; however, the company announced on Monday that he will continue to serve as Director. UBS Group Analysts stated, "What Buffett leaves behind is a company that has reduced its dependency on his investment capabilities, which possesses a range of strong cash flow-leading businesses." These Analysts also noted that although the stock reacted to this news.
Overview of international financial hotspots last night and this morning _ May 6, 2025 _ Financial news
For more global financial News, please visit 24/7 real-time financial news. Market Close: US stocks closed lower on Monday, ending the 9-day rise of the S&P Index. On May 5, the top 20 trading amounts of US stocks: Skechers USA is about to be (Delisted), with a stock price increase of 24%. On Monday, China Concept Stocks fluctuated; Alibaba rose by 0.64%, while Taiwan Semiconductor fell by 1.61%. US Crude Oil fell by 2%, with OPEC+ June production increase expectations putting pressure. New York gold futures rose over 3%, returning to $3340. European stock markets have seen the longest consecutive rise since 2021, with trade and economic outlook improving. Macroeconomically, US hiring slowed down in April, affected by tariff concerns, and the USA rejected a complete exemption.
UBS Group agreed to pay 0.511 billion USD to settle the tax investigation by the IRS.
UBS Group has agreed to pay 0.511 billion USD to settle the investigation by the USA regarding its acquisition of Swiss Franc, which helped wealthy Americans evade taxes. UBS Group stated on Monday that a department of Credit Suisse admitted to colluding to help its clients file false tax returns with the USA, agreeing to pay 0.372 billion USD. As part of the related settlement agreement, this department will pay an additional 0.139 billion USD in fines. This concludes the wrongdoing by Credit Suisse that had helped Americans conceal funds from the IRS through the Swiss banking secrecy law for decades. However, the bank failed to fully comply with the agreement reached in 2014 regarding the discovery and disclosure of American accounts.
UBS Advisors Mark Binder and Craig Chiate Named to Forbes Best-In-State Wealth Advisors List
Express News | Credit Suisse Service AG Announces It Resolves Tax Matter With DOJ And Will Pay $511M
This week, Brent crude oil plummeted by 8.3% and WTI crude oil fell by 7.5%.
On Friday, international oil prices fell by more than 1%. This week, Brent Crude Oil has accumulated a decline of 8.3%, and Crude Oil has dropped by 7.5%, both marking the largest weekly drop since the end of March. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) held an early meeting on production, preparing to discuss the plan to increase output in June, which has made the market sentiment tense. On Friday, the June Crude Oil contract on the New York Exchange fell by 1.6%, closing at $58.29 per barrel. The July Brent Crude Oil contract fell by 1.35%, closing at $61.29 per barrel. This week, Brent Crude Oil has declined by over 8.3%, and Crude Oil has dropped by 7.5%, both.
Goldman Sachs Maintains UBS Group(UBS.US) With Buy Rating, Cuts Target Price to $42.17
Research Alert: CFRA Keeps Buy Opinion On Adss Of Ubs Group
Microsoft executives interpret the Q3 Earnings Reports: There will still be supply shortages by the end of the year, but they maintain an optimistic attitude.
Microsoft released the Earnings Reports for the third quarter of fiscal year 2025: revenue reached 70.066 billion USD, a year-on-year increase of 13%, and a 15% increase year-on-year when excluding the impact of Exchange Rates; Net income was 25.824 billion USD, a year-on-year increase of 18%, and a 19% increase year-on-year when excluding the impact of Exchange Rates. Microsoft's revenue and EPS for the third quarter exceeded Wall Street Analysts' previous expectations, significantly boosting its after-hours stock price by over 5% (Note: Microsoft's fiscal year does not align with the calendar year). After the release of the Earnings Reports, Microsoft CEO Satya Nadella, executive vice president and
Why Is UBS Stock Trading Lower On Wednesday?