Credit Suisse Initiates Coverage on UBS Group AG (USA) to Neutral

Credit Suisse Initiates Coverage on UBS Group AG (USA)(NYSE:UBS). The shares have been rated Neutral. The rating by Credit Suisse was issued on Sep 19, 2016.

In a different note, Bernstein said it Initiates Coverage on UBS Group AG (USA), according to a research note issued on Jul 12, 2016. The shares have been rated ‘Underperform’ by the firm. On Jun 28, 2016, RBC Capital said it Downgrades its rating on UBS Group AG (USA). The shares have been rated ‘Underperform’ by the firm.

UBS Group AG (USA) (UBS) made into the market gainers list on Thursdays trading session with the shares advancing 1.01% or 0.14 points. Due to strong positive momentum, the stock ended at $13.97, which is also near the day’s high of $14.06. The stock began the session at $14.01 and the volume stood at 16,56,541 shares. The 52-week high of the shares is $20.6999 and the 52 week low is $11.93. The company has a current market capitalization of $51,780 M and it has 3,70,65,19,100 shares in outstanding.

UBS Group AG (USA)(UBS) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.41B. Analysts had an estimated revenue of $6.98B. Earnings per share were $0.28.

UBS Group AG is a holding company of the UBS Group. The Company’s businesses are organized globally into five business segments: Wealth Management Wealth Management Americas Retail & Corporate Global Asset Management and the Investment Bank. The Company provides private institutional and corporate customers around the world as well as retail customers in Switzerland with financial advice and solutions. Corporate Center includes Core Functions and Non-core and Legacy Portfolio. Core Functions include Group-wide control functions such as finance including treasury services such as liquidity funding balance sheet and capital management; risk control including compliance and legal. In addition Core Functions provide all logistics and support services. Non-core and Legacy Portfolios consists of the non-core businesses and legacy positions.

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