UBS AG's market strategists in the United States have become bearish on the stock market rally. In a new report, “Past the Sweet Spot,” the firm said that equity markets are “unlikely to match the above-normal returns posted during the first quarter ...
UBS analyst Jonathan Golub and his team are out with note Thursday saying that the market’s consensus expectations for first-quarter earnings are too conservative vesus the strength of the economic recovery in the U.S. “As a result, we believe that the ...
Aug 27 (Reuters) - UBS added Nucor Corp (NUE.N) to its strategic stock selections, saying the company stands to benefit from a continued global infrastructure demand. The brokerage, which removed Proctor & Gamble (PG.N) from the strategic stock selections ...
Reuters · 9y
In an almost unheard-of action for a Wall Street investment banking firm, UBS downgraded Tesla Motors Inc. (TSLA-$267.39) to a “sell”, driving the price of the shares down 5.5 percent, or -15.49. Such action in favor of the customer’s interest is ...
(CNN)-- A rogue trader has cost UBS an estimated $2 billion ... Shares in UBS were down 11% on the U.S. stock exchange at midday trading, though, even as European markets closed higher Thursday. Police arrested a man on suspicion of fraud in an early ...
CNN · 6y
UBS has agreed to pay $14.5 million to settle accusations by the Securities and Exchange Commission that a subsidiary violated federal securities laws in its operation of a private stock trading system known as a dark pool. The UBS subsidiary ran afoul of ...
Deal Book · 3y
UBS' hedge fund unit will lay off more than one-third of its equity long/short team. UBS O'Connor plans to slash 16 positions from the fundamental long/short team, which currently employs 46 of its 80 employees. Most of the layoffs will be in the U.S., and ...
UBS Asset Management, a business division of UBS, is a large-scale asset manager with well-diversified businesses across regions, capabilities and distribution channels. It offers investment capabilities and investment styles across all major traditional ...
4-Traders · 2y
will give clients access to more liquidity in interlisted stocks as well as better price settlement options through UBS’s vast foreign exchange network, the bank said. Traders will also have the ability to track stock volumes on Canadian and U.S. markets ...
Reuters · 7y
NEW YORK (Reuters) - The former chief executive of American International Group Inc, Maurice “Hank” Greenberg, reached a deal to sell most of the shares he holds in the insurer to a unit of Swiss bank UBS. Greenberg’s investment vehicle, Starr ...
Reuters · 8y