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.
UBS Group AG (symbol: UBS) is a multinational investment bank and financial services company based in Switzerland, with co-headquarters in Zürich and Basel. As the largest Swiss banking institution and the world's largest private bank, UBS maintains a robust presence in major financial centers globally.
The company excels in global wealth management, focusing on high and ultra-high-net-worth individuals. Its Swiss operations include traditional retail and commercial banking. UBS also leverages its investment bank and asset management arms to support its wealth management services, providing comprehensive solutions to third-party clients.
UBS's recent achievements include substantial investments in innovative technology ventures. Notably, UBS Next, the group's venture and innovation unit, recently invested in Synthesized Ltd, a data generation and provisioning platform. This partnership aims to enhance data management and security using advanced machine learning and automation technologies.
UBS's diversified offerings and strategic partnerships ensure cutting-edge services, catering to a broad clientele ranging from private individuals to large corporate entities. As of the fourth quarter of 2023, UBS manages an impressive USD 5.7 trillion in invested assets, further solidifying its status as a global financial powerhouse.
UBS shares are publicly traded on the SIX Swiss Exchange and the New York Stock Exchange (NYSE), reflecting the company's significant role in the international financial market.
UBS Private Wealth Management has recognized Michael Matthews as the #1 advisor in Washington State on the Forbes/SHOOK Research Best-In-State Wealth Advisors list for 2022. This marks his fifth appearance on the list and third consecutive year at the top. With over 30 years of experience, Matthews provides tailored financial advice to individuals, business owners, and families. The Forbes/SHOOK list evaluates over 6,500 advisors managing a collective $10 trillion in assets based on qualitative and quantitative criteria.
UBS Investment Bank has announced coupon payments for its ETRACS Alerian MLP Index ETN Series B (NYSE Arca: AMUB). The coupon valuation date is set for May 16, 2022, with an ex-date of May 26, 2022 and a record date of May 27, 2022. Payments will be made on June 7, 2022, amounting to $0.2246 per ETN, yielding an annualized return of 6.69%. Investors are advised to read the prospectus for details on risks associated with the investment, as past performance does not guarantee future results.
According to UBS's latest report, women are increasingly using their financial resources to make a positive impact. Of the 1,400 surveyed, 90% view money as a tool for change, with 94% having donated or volunteered in the past year. Notably, 26% of women now lead financial decisions, up from 21% in 2018. Millennial women show an even greater commitment, with 83% using finances for purposeful change. The report emphasizes the importance of women's financial engagement, as 92% believe it enhances their impact on the world.
UBS Wealth Management USA has announced that Sherry Dewane, a Financial Advisor in Los Angeles, has earned the Athletes and Entertainers Consultant (AEC) designation. With over 25 years in financial services, Dewane specializes in advising entertainers and athletes. UBS, which launched its Athletes and Entertainers Strategic Client Segment in 2019, provides tailored financial advice through trained advisors. Dewane is one of only 30 advisors in the U.S. to hold this designation, underscoring her expertise in navigating complex financial situations for high-net-worth clients.
UBS Wealth Management USA proudly announces that Financial Advisors Courtney Liddy and Matthew Megorden have been included in Barron’s Top 1,200 Financial Advisors for 2022. This recognition highlights their dedication to prioritizing clients’ needs and their philanthropic efforts. Liddy, a Managing Director, is a member of the UBS Pinnacle Recognition Council and has been acknowledged in various prestigious lists. Megorden, who specializes in advising high-net-worth technology entrepreneurs, has earned the UBS Private Wealth Advisor accreditation. The list is based on rigorous metrics including assets under management and revenue.
UBS Wealth Management USA has announced that Lauren Konstantin, a Financial Advisor in White Plains, NY, is ranked #10 on the Forbes/SHOOK Best-In-State Women Advisors list for 2022. This recognition highlights her commitment to providing expert financial advice and personal service. Konstantin, a Certified Financial Planner, has been with UBS since 2015 and has received multiple accolades for her achievements. The Forbes/SHOOK list features over 6,500 advisors managing $10 trillion in client assets, based on a rigorous ranking algorithm.
UBS Wealth Management USA announced that Financial Advisor David Schachter has been named to the Forbes/SHOOK Research Best-in-State Wealth Advisors list for 2022. Schachter leads the Endurance Artist Management team, providing investment guidance to top figures in the entertainment industry. His recognition reflects his commitment to clients. Additionally, he earned the Athletes and Entertainers Consultant designation, indicating his expertise in handling the unique financial needs of clients in these sectors. The list features over 6,500 advisors managing more than $10 trillion in client assets.
UBS reported strong financial results for 1Q22, with a profit before tax of USD 2,729 million, up 19% year-over-year. The net profit attributable to shareholders reached USD 2,136 million, a 17% increase. The firm saw significant client inflows, including USD 19 billion in Global Wealth Management. Despite challenges from geopolitical tensions and inflation, UBS maintained a robust CET1 capital ratio of 14.3%. Share repurchases of USD 1.7 billion were executed, contributing to a total of USD 5 billion planned for 2022.
UBS Private Wealth Management has announced that 23 advisors from its Northeast market have been recognized in the Forbes/SHOOK Research Best-In-State Wealth Advisors list for 2022. This recognition reflects their dedication to high-quality financial services. The list comprises over 6,500 advisors managing $10 trillion in assets, evaluated on various criteria including interviews and compliance records. This achievement underscores UBS's strong positioning in wealth management and commitment to client service.