Investors might want to bet on UBS (UBS) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a changi ...

A Swiss court has given fresh hope to Credit Suisse bondholders who sought damages after their investments were wiped out when UBS Group AG rescued the bank in a government-brokered deal over two years ago.The complainants, some 3,000 investors, had argued that the March 2023 decree to write down 16.5 billion Swiss francs ($20.5 billion) of the additional-tier 1 bonds was unlawful and should be revoked, and the write-down be reversed. The Swiss Federal Administrative Court ruled on Oct. 1 on one of those as ...

I I think everybody's antennas went up when we heard Jamie Diamond say there could be some other ones out there. I really want to kind of dig into this. So, one of the issues here, at least when it came to First Brands, it seems to be offbalance sheet financing.In this case, selling receivables. How common is that. And does that have the potential for contagion.>> A good question. It's it's relatively common practice. Um we we think about complex and opaque when we think the situation here with first brands ...

In a new survey from Deote, 57% of consumers said that they expect the economy to weaken in the year ahead and 77% said that they expect higher prices on holiday items. On average, consumers plan to spend 10% less than last year during the holidays. And joining us right now to talk retail is Michael Lasser.He's UBS equity research analyst. And Michael, again, what you ask people and what they do are not always one and the same. But the idea that people think they're going to spend 10% less and that the pric ...

A UK court has dismissed a $440 million lawsuit against Japan's SoftBank group filed by Credit Suisse over losses from the collapse of Greensill Capital. Judge Robert Miles of London's High Court foun... ...

Credit Suisse on Wednesday lost its $440 million London lawsuit against Japan's SoftBank Group Corp over losses linked to collapsed finance firm Greensill Capital. ...

Swiss market regulator FINMA said on Wednesday it would appeal a ruling by a Swiss court that revoked a decree by the financial watchdog ordering the write-off of Credit Suisse debt during the bank's ... ...

watching the banks helping us to break down what we've gotten so far this morning is Erica Nagarian UBS largecap bank and consumer finance analyst joins us this morning Erica thanks for the help today busy day >> very busy day >> I I wonder if you can help us some of the qualitative stuff coming out of of JP Morgan almost even a split between Diamond's view and the CFO's view about the future for employment and hence credit quality are you surprised by anything we've gotten today >> I'm not really surprised ...

RT Custom Content from WSJ (@WSJCustom)Paid program with @UBS: How do companies prepare for a successful IPO? Raakhee Mirchandani speaks with Gregor Feige of UBS and Mike DeSantis of Insight Partners Public Equities to explore the steps and strategies that count.https://t.co/4Nu5VwnW2C https://t.co/6OIYCSl77g ...

The Swiss government and the country's financial market regulator on Tuesday both said they would analyse a court's partial decision that the write-off of Credit Suisse AT1 debt as part of the bank's ... ...