thamerpic UBS (NYSE:UBS) is the last big Swiss bank standing. It made headlines last year when it bought Credit Suisse (CS), its main rival, for $3 billion to alleviate concerns that CS was on a death spiral. If you didn't follow the news at the time, I'd recommend the following SA articles that also helped me make my mind to be long UBS at the time: by IP Banking Research, Daniel Jones and Cavenagh Research. After this recent price movement to almost $30 per share I started thinking more about how much ...

FABRICE COFFRINI/AFP via Getty Images Thesis In the aftermath of my previous article on UBS Group AG (NYSE:UBS), the stock has surged by an impressive 37.67%. In this piece, I aim to elucidate why, despite lingering concerns about underperformance, UBS represents a compelling opportunity. Furthermore, I have crafted two Residual Earning Models, with the most optimistic one pointing to a fair price of $53.40. Essentially, this suggests that UBS is catching with the market valuation of the American reta ...

PLANO, Texas--(BUSINESS WIRE)--UBS Wealth Management USA announced today that Highbridge Wealth Management, an advisor team in the firm’s Plano, Texas office, has been named to the Forbes Best-In-State Wealth Management Teams list for 2024. The team is led by Financial Advisors Mark Kever, Mark Hagan, Shawn Nicholas, Megan Portacci and Byron Brooks. “It is extremely gratifying to see this team recognized again among the state’s top advisors,” said Tommy Stacy, Texas Market Director at UBS Private Wealth ...

LOS ANGELES--(BUSINESS WIRE)--UBS Wealth Management USA announced today that Endurance Artist Management, an advisor team in the firm’s Los Angeles, California office has been named to the Forbes Best-In-State Wealth Management Teams list for 2024. This is the second consecutive year the team has been named to the list. “I’m incredibly proud to see this talented team recognized once again, and I want to congratulate each of them on this terrific achievement,” said Lauren Gorsche, UBS Los Angeles Market E ...

NORTHBROOK, Ill.--(BUSINESS WIRE)--UBS Private Wealth Management announced today that an eight-person financial advisor team, Hammond Fay Bush & Associates, has joined the firm in Northbrook, Illinois. The team, led by Financial Advisors Jack Hammond, Susan Bush and Brian Fay, manages approximately $1.6 billion in client assets for ultra-high net worth individuals and families. “We’re excited to welcome Jack, Susan, Brian and their team to UBS,” said Michael Gatewood, Chicago Market Executive at UBS Priv ...

UBS chief Sergio Ermotti has warned against over-enthusiastic predictions about the pace at which the world is likely to be changed by developments in artificial intelligence, despite acknowledging the technology will likely change the world faster than any rival innovation in history. Speaking at the World Economic Forum in Davos, the Swiss CEO cautioned that the changes brought about by AI will likely be slower than the most optimistic forecast might suggest, as he argued shifts are likely to be gradual d ...

NEW YORK--(BUSINESS WIRE)--UBS Wealth Management USA today announced that Financial Advisors Joseph J. Guarneri, Steven Kabot, Stefani Bollag, Daniel Russo and Conor Heine will be joining the firm in New York City. Together, their team, GKB & Associates, manages nearly $2 billion in client assets for high-net-worth individuals and families. They will be based in the firm’s office at 1285 Avenue of the Americas, managed by Market Director Kellie Brady. “We’re extremely proud to welcome Joe, Steve, Stefani ...

DENVER--(BUSINESS WIRE)--UBS Private Wealth Management announced today that Montage Financial Group, an advisor team based in the firm’s Denver, Las Vegas and Lincoln offices, has been named to the Forbes America’s Top Wealth Management Teams Private Wealth list for 2023, ranking #37 in the nation. “I am incredibly proud to see this team recognized again as one of the top private wealth teams in the country,” said Michael Gatewood, Market Executive, Chicago Wealth Management and Midwest Private Wealth Ma ...

IRVINE, Calif.--(BUSINESS WIRE)--UBS Wealth Management USA today announced that Financial Advisor Steve Nassau and Senior Registered Client Associate Kristin Landis have joined the firm. The team will be located in the firm’s Orange County/Irvine office, which is part of the UBS Pacific Desert Market. “On behalf of UBS, it is my pleasure to welcome Steve and Kristin to the firm,” said Howard Woo, Irvine Market Director at UBS Wealth Management. “This team brings extensive experience working with high-net ...

A view of the Credit Suisse office in Singapore. Photo: CAROLINE CHIA/REUTERSSingapore imposed a penalty of 3.9 million Singapore dollars (US$3.0 million) on Credit Suisse for failing to prevent or detect misconduct by its relationship managers.Credit Suisse bankers in Singapore had provided customers with inaccurate or incomplete post-trade disclosures, which led to clients being charged spreads above bilaterally agreed rates for 39 over-the-counter bond transactions, the Monetary Authority of Singapore sa ...