RBC Capital Downgrades UBS Group AG (USA) to Underperform

Brokerage firm RBC Capital Downgrades its rating on UBS Group AG (USA)(NYSE:UBS). The shares have been rated Underperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by RBC Capital was issued on Jun 28, 2016.

In a different note, 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) made into the market gainers list on Fridays trading session with the shares advancing 1.62% or 0.21 points. Due to strong positive momentum, the stock ended at $13.17, which is also near the day’s high of $13.25. The stock began the session at $13.17 and the volume stood at 24,09,317 shares. The 52-week high of the shares is $23.19 and the 52 week low is $12.45. The company has a current market capitalization of $48,999 M and it has 3,72,04,64,200 shares in outstanding.

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.

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