Key TakeawaysUBS lifted its price target on Hanesbrands, saying the apparel maker could be at an "inflection point."UBS analyst Jay Sole increased the company's price outlook to $6.50 from $5.Sole is quoted as saying Hanesbrands will likely benefit from more spending on product development and marketing, as well as the sale of its Champion brand. Shares of Hanesbrands (HBI) gained Tuesday after UBS boosted its price target on the stock to $6.50 from $5 while maintaining a "neutral" rating. CNBC reported tha ...

Perimeter Solutions to Present at UBS Global Materials ConferencePresentation scheduled for September 4, 2024August 26, 2024 5:00 PM EDT | Source: Perimeter SolutionsClayton, Missouri--(Newsfile Corp. - August 26, 2024) - Perimeter Solutions (NYSE: PRM), producers of PHOS-CHEK® long-term fire retardant and other high-quality firefighting products and specialty chemicals, announced today that the company will present at the UBS Global Materials Conference in New York City on September 4, 2024.T ...

PERRYSBURG, Ohio, Aug. 26, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) today announced the Company will participate in UBS Global Materials Conference on Wednesday, September 4, 2024. O-I Glass Chief Executive Officer Gordon Hardie and Chief Financial Officer John Haudrich will present at 3:30 p.m. ET. A live webcast of the presentation will be available at: https://event.webcasts.com/viewer/event.jsp?ei=1685068&tp_key=3c947d5317 The replay will be available through the above link within ...

After an intense weekend of negotiations in March 2023, Swiss banking giant UBS agreed to buy its embattled rival Credit Suisse.Despite the attractive purchase price of $3.2 billion, investors were concerned about whether UBS would manage to turn around Credit Suisse's investment banking business — an old source of problems. UBS had also become one the biggest banks in Europe, raising political and regulatory fears.At the time, investors were "very concerned" about the complexity of the deal and whether UBS ...

UBS Group AG’s (UBS) division — UBS Asset Management — has entered into a definitive agreement to divest the management of its Quantitative Investment Strategies (QIS) business to Manteio Partners LLC and its affiliates. The transaction is expected to close in the fourth quarter of 2024, subject to regulatory and shareholder approvals and other customary closing conditions. UBS’ QIS team currently manages approximately $1.5 billion in assets, which will be transferred to Manteio Partners. Following the comp ...

UBS Group AG (UBS) will liquidate a flagship real estate fund it acquired when it bought Credit Suisse. The move came as the latest indication of the turmoil brought on by investors withdrawing their money from slumping commercial real estate markets.The fund, which comprises offices for four-fifths of its assets, has redemption requests from investors. However, the bank stated that fulfilling those demands would need selling assets at an ‘inopportune time,’ which would affect current investors. UBS determi ...

UBS Group TodayUBSUBS Group$30.15 -0.74 (-2.40%) 52-Week Range$23.14▼$32.13Dividend Yield0.73%P/E Ratio3.28Add to WatchlistUBS Group NYSE: UBS is the 8th largest firm in the capital markets industry worldwide and the largest in Europe. The company has underperformed its sector this year, with a total return of 2%. The iShares MSCI Europe Financials ETF NASDAQ: EUFN has returned 12%.On Wednesday, Aug. 8, UBS pleased the market with its release of Q2 2024 earnings. Shares shot up nearly 6% on the day. Over a ...

UBS Group AG (UBS) reported a second-quarter 2024 net profit attributable to shareholders of $1.13 billion, which declined from $27.3 billion in the prior-year quarter. The prior-year quarter’s figure included a negative goodwill of $27.2 billion, resulting from the acquisition of Credit Suisse Group.Results were affected due to an increase in operating expenses. Nonetheless, a rise in total revenues, driven by the acquisition of Credit Suisse acted as a tailwind. The decrease in credit loss expenses was an ...

Key TakeawaysUBS shares rose Wednesday after the banking giant's second-quarter results beat estimates, with profits more than double analysts' expectations.The Swiss bank's merger with former rival Credit Suisse helped UBS cut costs and generate new business.UBS warned the second half of the year could be "clouded" with uncertainties like ongoing global conflict and the U.S. presidential election. UBS Group (UBS) shares rose Wednesday after the Swiss banking giant's second-quarter earnings beat estimates, ...

UBS Group AG (NYSE:UBS) Q2 2024 Earnings Conference Call August 14, 2024 3:00 AM ET Company Participants Sarah Mackey - Head of Investor Relations Sergio Ermotti - Group Chief Executive Officer Todd Tuckner - Group Chief Financial Officer Conference Call Participants Giulia Miotto - Morgan Stanley Andrew Coombs - Citi Jeremy Sigee - BNP Paribas Kian Abouhossein - JPMorgan Anke Reingen - RBC Chris Hallam - Goldman Sachs Amit Goel - Mediobanca Benjamin Goy - Deutsche Bank Tom Hallett - KBW Operator Ladies and ...