PHOENIX--(BUSINESS WIRE)--UBS Wealth Management USA announced today that seven of the firm’s financial advisor teams in Arizona have been named to the Forbes Best-In-State Wealth Management Teams list for 2024. Four of the teams are based in Phoenix, two are in Tucson, and one is in Scottsdale. “Our advisor teams develop comprehensive financial plans and tailored financial solutions to meet clients’ individual needs and goals, leading to strong, lasting relationships,” said Shawn Bernhard, Arizona Market ...

There was a lot to unpack in UBS Group AG (NYSE:UBS)’s full-year results published on Tuesday, chiefly the Swiss bank’s absorption of former Swiss competitor Credit Suisse. As earlier reported by Proactive, this Swiss state-backed takeover resulted in a $29 billion accounting gain, which comprised some 96% of UBS’s before-tax profit. A stunning coup for UBS, even if integration costs resulted in a fourth-quarter loss of $279 million. But this near-hit bottom-line hit pales in comparison to the cost-cutting ...

UBS Group AG (NYSE:UBS) has reported its fourth-quarter and full-year results for 2023, confirming financial targets and announcing plans for a 27% year-on-year increase in its dividend to $0.70 per share. The bank also intends to reinstate share repurchases in the second half of 2024. Reported pre-tax losses in the fourth quarter came to -$751 million due to operating expenses related to the integration of Credit Suisse. Revenues were also impacted by UBS’s $500 million investment in SIX Group. For the ful ...

ALBANY, N.Y.--(BUSINESS WIRE)--UBS Wealth Management USA today announced that a four-person advisor team, The Hart Group, has joined the firm. The team is led by Financial Advisors James Hart, Emily Hoag, Natalie Squillace, and Nolan Hart, and includes Registered Client Service Associate Lynda O Von Jaeger. Together, they manage approximately $1.3 billion in client assets for high-net-worth individuals and families, specializing in the Athletes and Entertainers segment. The Hart Group joins the UBS Great ...

U.S. small-cap stocks have had a rocky start to 2024 following a stellar fourth quarter. But a growing number of Wall Street analysts believe these stocks, which make up just 6% of the U.S. equity market by valuation, are poised to gain as the Federal Reserve prepares to start cutting interest rates later this year. On Tuesday, a team of market strategists at UBS Group became the latest to recommend that clients consider adding exposure to small caps on the expectation that the torrid rally seen by the Russ ...

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 ...