Bernstein Initiates Coverage on UBS Group AG (USA) to Underperform

Bernstein Initiates Coverage on UBS Group AG (USA)(NYSE:UBS). The shares have been rated Underperform. The rating by Bernstein was issued on Jul 12, 2016.

In a different note, 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. On Jun 9, 2016, Barclays said it Upgrades its rating on UBS Group AG (USA). The shares have been rated ‘Overweight’ by the firm. On May 13, 2016, Societe Generale said it Downgrades its rating on UBS Group AG (USA). The shares have been rated ‘Hold’ by the firm. On May 3, 2016, Morgan Stanley said it Downgrades its rating on UBS Group AG (USA). The shares have been rated ‘Equal-weight’ by the firm.

UBS Group AG (USA) (UBS) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.38% at a volume of 20,09,060. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.3. The peak price level was also seen at $13.3 while the days lowest was $13.11. Finally the shares closed at $13.17. The 52-week high of the shares is $23.19 while the 52-week low is $11.93. According to the latest information available, the market cap of the company is $48,999 M.

UBS Group AG (USA)(UBS) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $5.26B. Analysts had an estimated revenue of $7.18B. Earnings per share were $0.19. Analysts had estimated an EPS of $0.29.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

UBS Group AG (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on UBS Group AG (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.