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 (NYSE: UBS) is a global wealth manager and the leading universal bank in Switzerland, and its news flow reflects this broad financial footprint. Company news releases highlight UBS Global Wealth Management activities, including recognition of advisor teams that serve sophisticated, ultra-high-net-worth individuals, families, family offices, endowments and foundations across major US markets and other regions.
Investors following UBS news can expect regular updates on wealth management teams, market leadership appointments and organizational changes within the Group Executive Board and Board of Directors. Recent announcements have covered the appointment of new financial advisors and market executives in US offices, leadership changes in technology, operations, compliance and governance, and the nomination of senior executives to board roles.
UBS also issues regulatory and capital markets news. Filings and media releases describe cash tender offers for outstanding notes, reference yields and total consideration for debt securities, and coupon payments on exchange-traded notes such as the ETRACS Alerian MLP Index ETN Series B. These items are relevant for investors tracking UBS’s funding profile and capital structure.
In addition, UBS communicates on regulatory developments in Switzerland, including consultations on amendments to the Banking Act and Capital Adequacy Ordinance and their potential impact on capital requirements for foreign subsidiaries and other balance sheet items. The firm also reports on integration progress following the acquisition of Credit Suisse, including client migrations and reductions in Non-core and Legacy risk-weighted assets.
Because UBS operates in more than 50 markets and combines wealth management, universal banking, asset management and investment banking, its news covers a wide spectrum of topics. Readers who monitor this page can review official UBS announcements, regulatory disclosures and corporate developments that may influence their understanding of the UBS stock and its strategic direction.
UBS AG has announced the redemption of all outstanding securities for two ETNs: BDCY and LMLB. Redemption notices will be sent to the holders, with the Call Settlement Date set for December 10, 2020. UBS has also suspended future sales from inventory for these securities, waiving the minimum redemption size requirement. The market value of these ETNs may be affected, potentially leading to trading at a premium. Investors are advised to consider the intraday indicative value before buying or selling. UBS has filed a Registration Statement with the SEC for these securities.
UBS AG has announced the redemption of all outstanding securities in eleven Series A ETNs, including various ETRACS linked to indices like the Alerian MLP Index and Bloomberg Commodity Index. Redemption notices will be sent to holders, with specific call settlement dates ranging from November 23 to December 10, 2020. Additionally, UBS has suspended further sales from inventory for these ETNs and waived the minimum early redemption size requirement. The announcement includes caution that market values may be affected by the suspension, potentially leading to financial losses for investors who pay a premium over the redemption amounts.
UBS Wealth Management USA announces Roger Vierra as a Financial Times (FT) 401 Top Retirement Advisor for the fifth consecutive year. As a Senior Vice President—Investments in the South Shore office, Vierra's selection highlights his expertise in guiding clients through retirement planning. His extensive experience spans over thirty years, focusing on fiduciary consulting services and asset management for retirement plans. The FT list recognizes top advisors based on defined contribution assets under management, industry certifications, and compliance. For more details, visit the FT report.
Kalyn Maher Walker, Vice President at UBS Wealth Management in San Diego, has been recognized in the 2020 Working Mother/SHOOK Research Top Wealth Advisor Moms List, highlighting her success in the financial services industry. With over a decade of experience, Walker previously ranked within the top 100 of the 2019 list and was also recognized in the Forbes Top Next-Gen Wealth Advisors. The recognition underscores her commitment to serving families and clients, focusing on comprehensive wealth management solutions.
UBS Wealth Management USA has announced that Jessica Guo, a Managing Director and Financial Advisor at The Guo Group, has been named to the 2020 list of Top Wealth Advisor Moms by Working Mother and SHOOK Research. With over 28 years of experience, Jessica is recognized for her dedication to clients and community. She holds multiple financial designations and is fluent in Mandarin and Cantonese. The ranking considers qualitative and quantitative measures, including assets under management and revenue generation, and reflects the opinions of SHOOK Research, not guaranteed future performance.
UBS Group AG (NYSE:UBS) announces the second instalment of its 2019 dividend, scheduled for payment on 27 November 2020, pending shareholder approval at an Extraordinary General Meeting (EGM) on 19 November 2020. This follows a split decision made during the 29 April 2020 Annual General Meeting to distribute the dividend in two equal parts of USD 0.365 per share due to COVID-19 impact. The second distribution will derive equally from capital contribution reserves and retained earnings.
UBS reported a significant increase in its third quarter 2020 results, with profit before tax (PBT) rising 92% year-over-year to USD 2,578 million, and net profit attributable to shareholders increasing 99% to USD 2,093 million. The firm's diversified business model and strong client activity contributed to this performance, notably in Global Wealth Management, which achieved a PBT of USD 1,057 million, up 18% YoY. The CET1 capital ratio stood at 13.5%. UBS also aimed to return excess capital to shareholders, with plans for share repurchases in 2021. However, uncertainties from COVID-19 and geopolitical tensions could impact future growth.
UBS Private Wealth Management has welcomed Robert Stoker as a Managing Director and Private Wealth Advisor in San Francisco. Stoker brings over 23 years of experience from Bernstein Private Wealth Management, where he was a Principal. His expertise covers complex lending, pre-transaction planning, and advanced estate and trust planning. UBS aims to leverage Stoker's skills to enhance their wealth management services, creating a boutique family office within their global framework. Todd Locicero, West Coast Market Head, expressed enthusiasm for Stoker's addition to their team.
FAQ
What is the current stock price of UBS Group (UBS)?
What is the market cap of UBS Group (UBS)?
