Welcome to our dedicated page for UBS Group news (Ticker: $UBS), a resource for investors and traders seeking the latest updates and insights on UBS Group stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect UBS Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of UBS Group's position in the market.
UBS AG has issued a reminder about the upcoming maturity of its UBS AG FI Enhanced Large Cap Growth ETNs, originally scheduled for June 19, 2024, but adjusted to June 20, 2024, due to a non-trading day. The ETNs are to a maximum of 245,000 outstanding units. The final trading day will be June 18, 2024, with a final measurement period from June 10 to June 14, 2024. Investors will receive the Payment at Maturity as calculated in the prospectus supplements. UBS cautions that the suspension of new issuances could impact market value and liquidity, potentially causing ETNs to trade at a premium, which may lead to financial losses for investors paying above the indicative value. The announcement does not change the terms of the ETNs or the redemption rights of holders.
UBS Wealth Management USA announced that 33 financial advisors from Southern California and Hawaii were named to the 2024 Forbes Best-In-State Wealth Advisors list. The advisors are spread across San Diego (14 advisors), Orange County (16 advisors), Inland Empire (1 advisor), and Hawaii (2 advisors). This recognition highlights the advisors' commitment to strategic financial planning and personalized guidance. The Forbes/SHOOK Best-in-State Wealth Advisors list ranks 8,507 advisors managing nearly $13.5 trillion in client assets, based on quantitative and qualitative data.
UBS announced that 16 of its financial advisors in Arizona made the Forbes Best-in-State Wealth Advisors list for 2024. In particular, Steven Schultz was ranked #1 in Arizona and #85 nationally. The list includes advisors from Phoenix and Tucson, managing nearly $13.5 trillion in client assets. The rankings are based on quantitative and qualitative data compiled by SHOOK Research.
UBS reported a strong 1Q24 performance with a net profit of USD 1.8bn and underlying PBT of USD 2.6bn. The company showed significant positive operating leverage with revenue growth of 15% QoQ and operating expenses reduction of 5% QoQ. UBS achieved net new assets of USD 27bn in Global Wealth Management and reduced non-core and legacy RWA by USD 16bn. The company named top employer for business students in Switzerland. Integration plans with Credit Suisse on track with merger expected on 31 May 2024.
Stockton Schultz, a financial advisor at UBS Wealth Management USA in Phoenix, has been named to the Financial Planning Top 40 Brokers Under 40 list for 2024 and earned the Athletes and Entertainers Consultant designation at UBS. With over 15 years of experience, Stockton Schultz provides tailored wealth management strategies to high-net-worth families, athletes, and entertainers. The Top 40 Brokers Under 40 generate $207 million in annual revenue and oversee $53 billion in client assets.
Three UBS Financial Advisors in Arizona, Susan Bailey, Jennifer Loson Luckovich, and Jennifer Pope, have been named to the Forbes Top Women Wealth Advisors Best-In-State list for 2024. The advisors excel in providing personalized wealth management services and advice to both women and men. Susan Bailey is the lead financial advisor of Bailey Wealth Management at UBS, focusing on income planning, insurance protection, and generational wealth transfer. Jennifer Loson Luckovich is a Certified Financial Planner helping women navigate financial changes. Jennifer Pope has over 20 years of experience and is recognized for her community involvement. The Forbes/SHOOK Top Women Wealth Advisors Best-In-State list features 1,991 women managing assets totaling over $2.8 trillion.
