UBS - UBS Group AG
8.90 0.00 (0.00%)
After hours: 4:17PM EDT
| Previous close | 9.26 |
| Open | 8.96 |
| Bid | 8.85 x 900 |
| Ask | 8.88 x 4000 |
| Day's range | 8.85 - 9.05 |
| 52-week range | 7.48 - 13.55 |
| Volume | 3,328,965 |
| Avg. volume | 4,609,708 |
| Market cap | 32.225B |
| Beta (5Y monthly) | 1.28 |
| PE ratio (TTM) | 7.81 |
| EPS (TTM) | 1.14 |
| Earnings date | N/A |
| Forward dividend & yield | 0.73 (7.88%) |
| Ex-dividend date | 04 May 2020 |
| 1y target est | 12.50 |
- Zacks
UBS Group to Pay 2019 Dividend Despite FINMA's Plea to Freeze
UBS Group (UBS) to continue with the 2019 dividend payout despite several lingering concerns related to the coronavirus outbreak.
- Business Wire
Five UBS Advisors in Greater New England Named to Barron's Top 1200 State by State Advisors List
UBS announced today that five Financial Advisors in the firm's Greater New England market, have been named to Barron's Top 1200 State by State Advisors list for 2020:
- Business Wire
UBS YES INVESTOR NOTICE: Zamansky LLC Files Claims to Potentially Recover UBS Yield Enhancement Losses Due to the SPX Market Crash
UBS YES Investors: Zamansky LLC Files Claims to Potentially Recover Losses Suffered from SPX Crash
- Business Wire
UBS Publishes Agenda for the Annual General Meeting of UBS Group AG on 29 April 2020
Regulatory News:
- Bloomberg
UBS CEO Ermotti Pinpoints Credit as Best Opportunity in Market
(Bloomberg) -- UBS Group AG Chief Executive Officer Sergio Ermotti said investors are starting to take advantage of opportunities in the credit markets and beyond after recent volatility due to the coronavirus outbreak.“Cash holdings were very high,” Ermotti said during a Bloomberg TV interview. “Having a large pool of cash available during this major correction has helped the investors manage and we do see people taking advantage of new opportunities.”Ermotti said clients had been prudent before this month’s crash, and even now, they remain disciplined and are sticking to their long term asset allocation.The CEO said the Swiss lender is preparing to exploit opportunities in credit, certain stocks, and sectors that have been hit by measures to contain the coronavirus. “There are not many times in history where credit has been priced so attractively,” he said.The market turmoil caused by the coronavirus is prompting some wealthy clients to deleverage and that may reverse some of UBS’s lending growth earlier this year. UBS has seen margin calls across the industry on loans to wealthy clients and institutions. So far, there have been few losses on Lombard loans, which are secured by deposits or other assets.Supportive ActionsCentral banks and governments are acting very efficiently at this stage, Ermotti said, and UBS is actively working with governments and agencies worldwide in an effort to be part of a solution.“I am glad, for once, that at least at this stage banks are not part of the problem,” Ermotti said. “Banks are stronger in this cycle, but we need to make sure we don’t infect the banking system with problems that will need to be resolved in the future.”UBS is making several billion Swiss francs available to small and mid-sized companies as it backs Switzerland’s measures to help businesses hit by the pandemic.“We don’t want to make a single cent of profit,” Ermotti said. “We are there to function as a mechanism for policy makers to transmit the liquidity.”Ermotti, who is due to leave UBS later this year, stopped short of supporting the scrapping of dividends. Europe’s top banking lobby, lead by UniCredit SpA’s Jean Pierre Mustier, is trying to find common ground on whether to scrap dividends to conserve capital.“At this time it is difficult to manage the process because of the stigma you may or may not create around any actions around this topic,” he said. “It is a delicate case.”Rival Credit Suisse Group AG froze its plan to buy back as much as 1.5 billion francs ($1.52 billion) of shares this year. The Swiss regulator Finma has also called on banks and insurers to reconsider dividend payouts.(Adds more details on market opportunities and UBS stance from fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
UBS Elects Not to Exercise Its Acceleration Option for ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B Due November 10, 2048
UBS Investment Bank today announced that, following the occurrence of an Indicative Value Optional Acceleration Trigger, as a result of the indicative value of the 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B due November 10, 2048 (Ticker: SMHB) (the "Securities") falling below $2.00 on March 18, 2020, UBS elected not to exercise its Acceleration Option.
- Business Wire
UBS Suspends Further Sales of VelocityShares™ 1X Daily Inverse VSTOXX Futures ETN due May 3, 2047
UBS AG today announced that it has suspended further sales from inventory of its outstanding VelocityShares™ 1X Daily Inverse VSTOXX Futures ETN linked to the VSTOXX Short-Term Futures Inverse Investable Index due May 3, 2047 (Ticker: EXIV) (the "Securities"). As previously announced, the Securities will be redeemed by UBS on April 9, 2020 (the "Call Settlement Date"), and on such date, holders of the Securities will receive the Call Settlement Amount which, as described in the prospectus supplement relating to the Securities, will equal the Closing Indicative Value of the Securities on April 6, 2020. This suspension of further sales will remain in effect until the redemption of the Securities on the Call Settlement Date. UBS does not intend to make future sales of previously issued but unsold Securities or Securities that UBS Securities LLC may acquire in the future.
- Business Wire
UBS Suspends Further Sales of ETRACS ProShares Daily 3x Long Crude ETN Linked to the Bloomberg WTI Crude Oil Subindex ER due January 4, 2047
UBS AG today announced that it has suspended further sales from inventory of its outstanding ProShares Daily 3x Long Crude ETN Linked to the Bloomberg WTI Crude Oil Subindex ER due January 4, 2047 (Ticker: WTIU) (the "Securities"). As previously announced, the Securities will be redeemed by UBS on April 9, 2020 (the "Call Settlement Date"), and on such date, holders of the Securities will receive the Call Settlement Amount which, as described in the prospectus supplement relating to the Securities, will equal the Current Principal Amount of the Securities on April 6, 2020, being the last Valuation Date in the five consecutive Index Business Days commencing March 31, 2020 and ending on April 6, 2020. This suspension of further sales will remain in effect until the redemption of the Securities on the Call Settlement Date. UBS does not intend to make future sales of previously issued but unsold Securities or Securities that UBS Securities LLC may acquire in the future.
- Business Wire
UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN Due May 22, 2042
UBS Investment Bank today announced that all outstanding notes of the Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN due May 22, 2042 (Ticker: DVYL) (the "Securities") will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 23, 2020 (the "Acceleration Date"), triggered as a result of the intraday indicative value of the Securities on the Acceleration Date decreasing by more than 60% in value from the closing indicative value of the Securities on the previous Monthly Valuation Date.
- Business Wire
INVESTOR UPDATE: UBS YES Investors May Potentially Recover the "Double Whammy" Losses Suffered in the COVID-19 SPX Market Crash
Zamansky LLC counsels UBS YES investors on potential FINRA claims to recover their losses
- Financial Times
Former UBS wealth management executive Jürg Zeltner dies
Jürg Zeltner, the former president of UBS’s wealth management unit, has died. Mr Zeltner, who last year became chief executive of the Qatari-backed Quintet group of European private banks, passed away on Sunday, according to a statement from his employer on Monday. “We are enormously grateful to Jürg for his visionary leadership,” said Jan Maarten de Jong, Quintet’s chairman.
- Business Wire
UBS Announces Redemption of ETRACS - ProShares Daily 3x Inverse Crude ETN Linked to the Bloomberg WTI Crude Oil Subindex ER Due January 4, 2047
UBS Investment Bank today announced that, following the occurrence of a Stop Loss Termination Event with respect to the ETRACS ProShares Daily 3x Inverse Crude ETN linked to the Bloomberg WTI Crude Oil Subindex ER due January 4, 2047 (the "Securities", Ticker: WTID, CUSIP: 90274E125), UBS has elected to exercise its Acceleration Option with respect to the Securities.
- Business Wire
UBS Announces Redemption of Three ETNs
UBS Investment Bank today announced that it will redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the "Affected Securities"):
- Zacks
UBS Group (UBS) to Brave Coronavirus Impacts with Low Losses
UBS Group (UBS) expects to deliver lower losses despite facing woes from the coronavirus outbreak.
- Bloomberg
UBS to Redeem Two Leveraged Mortgage ETNs After 95% Plunge
(Bloomberg) -- UBS Group AG is mandatorily redeeming two leveraged exchange-traded notes tied to mortgage real-estate investment trusts, according to a March 17 statement from the bank.The firm will redeem two series of the ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN, tickers MORL and MRRL, after the notes fell below a $5 minimum share value Monday, according to the statement. Combined, the notes had a market capitalization of about $30 million on Wednesday.The ETNs made leveraged bets on an index of mortgage REITs, and each had lost more than 95% of their value over the past month.A Bloomberg index of 37 mortgage REITs plunged almost 24% Wednesday, with some, like New Residential Investment Corp. falling more than 40% as investors grew more concerned about the prospect of a global recession stemming from the coronavirus.Mortgage REITs are essentially leveraged bond or loan funds that invest primarily in real estate debt, making them more similar to fixed-income funds than to standard REITs, which own properties such as shopping malls, office towers and apartment buildings.Mortgage REITs use short-term financing to buy commercial and residential mortgage securities, then add borrowed money -- typically about three to nine times the amount of their own capital -- to boost returns. Like other REITs, they must pay out at least 90% of their taxable earnings to shareholders as dividends and, in exchange, don’t have to pay federal income taxes on those earnings.(Updates to show UBS statement is from March 17 in first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN Due December 10, 2043 and ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN Series B Due December 10, 2043
UBS Investment Bank today announced that all outstanding notes of the ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN due December 10, 2043 (Ticker: CEFL) (the "Series A Securities") and the ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN Series B due December 10, 2043 (Ticker: CEFZ) (the "Series B Securities", and together with the Series A Securities, "the Securities") will be mandatorily redeemed in accordance with the terms of the respective Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 18, 2020 (the "Acceleration Date"), triggered as a result of the respective indicative values of the Securities being less than $5.00 on the Acceleration Date.
- Business Wire
UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN Due May 5, 2045
UBS Investment Bank today announced that all outstanding notes of the Monthly Pay 2xLeveraged MSCI US REIT Index due May 5, 2045 (Ticker: LRET) (the "Securities") will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 18, 2020 (the "Acceleration Date"), triggered as a result of the intraday indicative value of the Securities on the Acceleration Date decreasing by more than 60% in value from the closing indicative value of the Securities on the previous Monthly Valuation Date.
- Business Wire
UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged Diversified High Income ETN due November 12, 2043
UBS Investment Bank today announced that all outstanding notes of the Monthly Pay 2xLeveraged Diversified High Income ETN due November 12, 2043 (Ticker: DVHL) (the "Securities") will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 17, 2020 (the "Acceleration Date"), triggered as a result of the intraday indicative value of the Securities on the Acceleration Date decreasing by more than 60% in value from the closing indicative value of the Securities on the previous Monthly Valuation Date.
- Business Wire
UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Due June 24, 2044
UBS Investment Bank today announced that all outstanding notes of the Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN due June 24, 2044 (Ticker: LMLP) (the "Securities") will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 16, 2020 (the "Acceleration Date"), triggered as a result of the intraday indicative value of the Securities on the Acceleration Date decreasing by more than 60% in value from the closing indicative value of the Securities on the previous Monthly Valuation Date.
- Business Wire
UBS Announces Mandatory Redemption of 2xLeveraged Long ETRACS Linked to the Wells Fargo® Business Development Company Index Due May 24, 2041 and 2xLeveraged Long ETRACS Wells Fargo® Business Development Company Index ETN Series B Due May 24, 2041
UBS Investment Bank today announced that all outstanding notes of the 2×Leveraged Long ETRACS Linked to the Wells Fargo® Business Development Company Index due May 24, 2041 (Ticker: BDCL) (the "Series A Securities") and the 2×Leveraged Long ETRACS Wells Fargo® Business Development Company Index ETN Series B due May 24, 2041 (Ticker: LBDC) (the "Series B Securities", and together with the Series A Securities, "the Securities") will be mandatorily redeemed in accordance with the terms of the respective Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 16, 2020 (the "Acceleration Date"), triggered as a result of the respective indicative values of the Securities being less than $5.00 on the Acceleration Date.
- Business Wire
UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Due October 16, 2042 and ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B Due October 16, 2042
UBS Investment Bank today announced that all outstanding notes of the Monthly Pay 2xLeveraged Mortgage REIT ETN due October 16, 2042 (Ticker: MORL) (the "Series A Securities") and the Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 (Ticker: MRRL) (the "Series B Securities", and together with the Series A Securities, "the Securities") will be mandatorily redeemed in accordance with the terms of the respective Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 16, 2020 (the "Acceleration Date"), triggered as a result of the respective indicative values of the Securities being less than $5.00 on the Acceleration Date.
- Business Wire
UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Due September 30, 2044
UBS Investment Bank today announced that all outstanding notes of the Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN due September 30, 2044 (Ticker: HDLV) (the "Securities") will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 16, 2020 (the "Acceleration Date"), triggered as a result of the indicative value of the Securities on the Acceleration Date being less than $5.00.
- Business Wire
INVESTOR ALERT: UBS Yield Enhancement Strategy (YES) Update on COVID-19 SPX Market Crash
Zamansky LLC continues to file FINRA claims to recover losses suffered by UBS YES investors due to the COVID-19 crisis and S&P 500 crash
- Business Wire
UBS Announces Mandatory Redemption of ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN Due March 13, 2045
UBS Investment Bank today announced that all outstanding notes of the Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN due March 13, 2045 (Ticker: HOML) (the "Securities") will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 12, 2020 (the "Acceleration Date"), triggered as a result of the intraday indicative value of the Securities on the Acceleration Date decreasing by more than 60% in value from the closing indicative value of the Securities on the previous Monthly Valuation Date.
