Saudi cuts can include voluntary cuts The biggest reduction since the pandemic Oil drops due to high Fed rates and weak economy DUBAI (Reuters) – OPEC+ will consider cutting oil production by more than 1 million barrels per day next week, OPEC sources said on Sunday, in what would be the biggest move so far since the spread of the COVID-19 pandemic. Addressing the weakness of the oil market. The meeting will take place on the fifth of October against the backdrop of falling oil prices and months of severe market volatility, which prompted Saudi Arabia, the largest producer in OPEC +, to say that the organization may reduce production. OPEC+, which includes OPEC countries and allies such as Russia, has refused to increase production to lower oil prices despite pressure from major consumers, including the United States, to help the global economy. Register now to get free unlimited access to Reuters.com Register However, prices fell sharply in the last month due to concerns about the global economy and the strengthening of the US dollar after the Federal Reserve raised interest rates.
When the probability of a recession increases, high-quality stocks tend to outperform in the following 12-month period.
UBS Wealth Management USA today announced that Matthew Tashjian and Jason Farkas have joined the firm as Financial Advisors in Hartford, Connecticut. The team is responsible for managing a combined $428 million in client assets for high net worth individuals and families. Matthew and Jason join the firm’s Central New England New York State Market, managed by William Cholawa, and are also joined
UBS Wealth Management USA announced today that Michael Nazarian has joined UBS as a Financial Advisor and Managing Director in Sherman Oaks, California. “We continue to be very focused on recruiting and retaining talented advisors, and we’re thrilled to welcome Michael to the firm,” said Jim Kottoor, Greater Los Angeles Market Head at UBS Wealth Management USA. “Michael’s expertise
Evercore ISI Group boosted First Solar, Inc. (NASDAQ: FSLR ) price target from $88 to $150. First Solar shares rose 1.7% to $138.49 in pre-market trading. B of A Securities cut Apple Inc. (NASDAQ: AAPL ) price target from $185 to $160. Apple shares fell 2.1% to $146.72 on Wednesday. UBS cut HUYA Inc. (NYSE: HUYA ) price target from $27 to $2.9. HUYA shares fell 4.5% to $2.33 in pre-market trading. RBC Capital lowered the price target on Lear Corporation (NYSE: LEA ) from … Full story available on Benzinga.com
Clients can open an account on a smartphone and invest in funds.
UBS Wealth Management USA announced today that five Financial Advisors managing $1.3 billion in client assets have joined in the firm’s Northern NJ and New York City Central Wealth Management Markets. The advisors are Gregory J. Amerkanian, Michael C. Gogliormella, Peter E. Murray, David W. Peeler and Andrew V. DiPaola. “On behalf of UBS, we are incredibly excited to welcome Greg, Mike, Peter,
The U.S. Securities and Exchange Commission on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.1 billion over failing to maintain and preserve electronic communications. The sweeping industry probe, which was first reported by Reuters last year and had since been disclosed […]
The involved firms include some of the biggest names in the financial services and wealth management space, including BoA, Citigroup, Morgan Stanley and UBS.
(Reuters) – The U.S. Securities and Exchange Commission on Tuesday fined 15 broker-dealers and one investment adviser, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.1 billion over failing to maintain and preserve electronic communications.
The U.S. Securities and Exchange Commission on Tuesday fined 15 broker-dealers and one investment adviser, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.1 billion over failing to maintain and preserve electronic communications.
UBS analysts see limited upside in shares of Lyft Inc (NASDAQ: LYFT ) as the company faces structural headwinds relative to its competition. What Happened: UBS analyst Lloyd Walmsley downgraded Lyft from Buy to Neutral and slashed the price target $50 to $16, which sent shares tumbling Monday morning. "We see Lyft benefitting from a continued recovery coming out of COVID in the near term but we are on the sidelines for the stock as we think that the company''s LT growth algo is structurally lower in the core ridesharing business than the Street is modeling," Walmsley said in a note. UBS expects Lyft to grow its revenue 18% per year over the next two years, which is below average estimates for 20% growth. On the other hand, UBS expects Uber Technologies Inc (NYSE: UBER ) to grow around … Full story available on Benzinga.com
Ocean Capital LLC, a shareholder in a number of Puerto Rico closed-end bond funds that are managed or co-managed by an affiliate of UBS Financial Services of Puerto Rico (UBS), has…
WESCO International found using ticker (WCC) now have 9 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 200 and 148 with a mean TP of 173.67. Given that the stocks previous close was at 120.81 this is indicating there is a potential upside of 43.8%. The 50 day MA is 129.64 and the 200 day moving average is 124.86. The market cap for the company is $5,889m. Company Website: https://www.wesco.com [stock_market_widget type="chart" template="basic" color="green" assets="WCC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $8,465m based on the market concensus. WESCO International provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).
Economists from SBI, UBS, Goldman Sachs, Barclays and Bank of Baroda in a rare unanimous call see the RBI-led monetary policy committee delivering a 50 bps hike on September 30.
Citigroup Inc. is targeting India as one of its top markets to expand in globally as risks mount in China and other regions, the bank’s global co-head of investment banking said.India presents “very clear” opportunities, said Manolo Falco, the global co-head of Banking, Capital markets and Advisory, in an interview in Mumbai. The New York-based lender expects initial public offerings in India to pick up next year as well as inbound deals in renewable energy and infrastructure, he said.The world’s second-most populous country is gaining traction among Wall Street dealmakers in part as growing political tension casts a pall over major plans to expand in China and as tensions mount in Europe and the US. India’s main stock gauge has gained this year, in contrast to mostly steep declines seen in major global markets. The nation saw a record $82 billion in merger and acquisition deals in the second quarter, defying a slump elsewhere.“India looks very steady and it has a government that seems to know exactly what they have to do,” Falco said. “The political situation in other parts of the world, and that includes Europe and probably the US and China, is a bit different I would say.”After two years of expansion in China, global banks are now facing stronger headwinds as economic growth slows and political tension with the US has dented dealmaking.
Financial market coverage by the UBS CIO House View. Equities fell and the US yield curve inversion deepened after the Federal Reserve raised rates by 75bps and pointed to further large rate hikes … Read Full Story at source (may require registration) The post Equities fall as Fed maintains hawkish stance appeared first on ForexTV .
UBS Group (SWX: UBSG), a global financial provider, upgraded Eli Lilly (NYSE: LLY) to buy from neutral on Tuesday, September… Continue reading The post UBS upgrades Eli Lilly declaring LLY is working on ‘the biggest drug ever’ appeared first on Finbold .
ZURICH (Reuters) – UBS Group will eliminate from Oct. 1 the fee it charged on accounts by private and corporate clients to offset negative interest rates after the Swiss National Bank raised its policy rate into positive territory on Thursday, the bank said.
Swiss bank UBS Group''s (UBS) wealth division is seeing positive flows of client funds this quarter, rebounding from a slowdown in Q2, Iqbal Khan, co-head of UBS''s wealth management…
Futures Slide As Hawkish Rikshock Sends Dollar, Yields Higher Again Ahead Of Fed Market sentiment was quite cheerful heading into the overnight session, with futures hitting a third-day high of 3,936 thanks to yesterday'' late day delta squeeze (plunge in VIX as both calls and especially puts were sold) but then it quickly soured after first German PPI came in at a mindblowing 45.8% (vs expectations of 37.1%) the highest on record since World War II… ...but what really spooked futures was the record hike by the Swedish central bank, the Riksbank, which pushed the repo rate higher by a more than expected 100bps to 1.75%, and even though the central bank eased back on terminal rate expectations, the market still saw the Riksbank surprise as potentially indicative of what the BOE and Fed may do in the coming hours. As such, European stocks fell with US equity futures, giving up early gains, as traders braced for another supersized US rate hike amid rising anxiety the Federal Reserve could overtighten and raise the odds of a hard landing.
New Jersey, USA -- ( SBWIRE ) -- 09/19/2022 -- The latest study released on the Global Merchant Banking Service Market by AMA Research evaluates market size, trend, and forecast to 2027. The Merchant Banking Service market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Download Sample Report PDF (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/169064-global-merchant-banking-service-market#utm_source=SBWire/Javin Key Players in This Report Include: UBS Group (Switzerland), Bank of America Corporation, Deutsche Bank AG (Germany), Morgan Stanley (United States), Citigroup Inc. (United States), Wells Fargo & Company, DBS Bank (Singapore), JPMorgan Chase & Co. (United States), Goldman Sachs Group, Inc. (United States), Credit Suisse Group (Switzerland) Definition: The rise in business expansion across the globe will help to boost the global demand of the Merchant Banking Service market in the forecasted period.
(Reuters) – Swiss bank UBS is hiring a team of ‘content reviewers’ to make sure that Chinese research publications by its analysts are free from any “sensitivities”, the Financial Times reported on Saturday.
Swiss bank UBS is hiring a team of ''content reviewers'' to make sure that Chinese research publications by its analysts are free from any "sensitivities", the Financial Times reported on Saturday.
UBS is hiring a team of “content reviewers” to ensure that Chinese research publications by its analysts are free from “sensitivities”, in a move that one rival said amounted to self-censorship. The recruitment drive comes three years after the Swiss bank’s top economist was suspended, in a dispute over comments about pigs in China. A […] UBS hires Chinese ‘content reviewers’ to vet research reports
A new Wall Street research note shows Amazon''s e-commerce sales are holding up.
Equity Methods has the highest loyalty rating for the tenth year in a row, and a 100% favorable overall satisfaction rating. Among equity plan administration providers, UBS received the highest loyalty and overall satisfaction rating for the third year in a row. NOVATO, Calif., Sept. 15,…
The executives from HSBC, Standard Chartered, Citigroup, UBS and others, are expected to endorse Hong Kong as an international financial centre.
After breaking off the deal with US robo-advisor Wealthfront, UBS will take a different approach to attract its next generation of wealth management clients. Now that the $1.4 billion deal between UBS and US online wealth manager Wealthfront was terminated earlier this month, Switzerland''s largest bank is to take an «organic» approach in bringing the next generation of wealth management clients into the UBS fold. «We are back to our organic plans,» UBS Group chief financial officer (CFO) Sarah M. Youngwood told an audience at the Barclays Global Financial Services Conference , according to a report on the « advisorhub » portal. HENRYs Instead, UBS is will work on creating proprietary wealth management tools, offering advice from the chief investment office to go after clients in a market with $6 to $8 trillion in assets known as HENRYs. «What we think we want to do there is address HENRYs, High Earners Not Reached Yet,» Youngwood said, according to the report. Even without Wealthfront, which has about $27 billion in assets and 470,000 clients, UBS is not without its own robo-advisory product and can offer clients its UBS Advice Advantage which is aimed at clients starting at $10,000.
UBS''s only downside factor is the global recession resulting from the higher interest rates. Read why I''m bullish on UBS stock.
RBC Capital Markets and UBS had retail brokers working the phones on Wednesday afternoon, to line up support at Atlas Arteria.
The Swiss bank''s cancelled $1.4 billion acquisition of the robo-advisor means extra money for shareholders.
On Tuesday, when the Swiss bank announced a projected 10 per cent rise in its annual dividend, shares of UBS Group AG (SIX:UBSG) increased.If shareholders approve the change, UBS stated that it would change its ordinary dividend for 2022 to $0.55 per share from $0.51.The business also anticipates share repurchases… The post UBS Shares Rise Following Proposed Dividend Increase in 2022 appeared first on Equitypandit .
ZURICH (Reuters) – UBS will continue to have a progressive dividend and share buyback policy next year, Chief Financial Officer Sarah Youngwood said on Tuesday, despite the Swiss bank’s expecting a slowdown in the global economy.
UBS Group AG has been selected to arrange the Swiss share sales of two Chinese companies, people familiar with the matter said, as a flurry of firms are capitalising on an expanded link between stock exchanges in China and Europe.
Blink Charging (BLNK) announced Thursday that it has signed a mutual service agreement with UBS Asset Management’s Real Estate & Private Markets business (UBS). The parties have…
Miami Fla., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink”) a leading owner, operator and provider of electric vehicle (EV) charging equipment and services and UBS Asset Management’s Real Estate & Private Markets business today announced a mutual service agreement for the deployment of Blink charging stations and related services to UBS-owned properties throughout the United States.
Hi. I''m Aaron Weinman . Wall Street banks — both US and European — are quite literally turning off the spigots to preserve energy across their European offices, which are preparing for a chilling winter. Firms like JPMorgan and Deutsche Bank are shutting off hot water and water fountains to mitigate the impact of the Russian government''s decision to stop the flow of gas to Europe via the Nord Stream 1 pipeline. Russia — which was hit with sanctions after President Vladimir Putin chose to invade Ukraine — said Nord Stream 1 wouldn''t reopen until those sanctions were lifted. JPMorgan''s European offices have carried out power outage simulations , tests which help the bank prepare for a loss of power. The Russian government''s decision to stem the flow of gas to European countries — which are heavily reliant on energy from Russia — is having a knock-on effect to various parts of the global economy from utilities bills to foreign exchange volatility (stock up on your USD!). Let''s dig into it.
It disrupts the bank''s plans for digital expansion, growth in the US, and drive for a younger customer base.
Truist Financial Corp. hired Hayes Smith, a veteran of Credit Suisse Group AG, to help oversee its investment-banking arm’s coverage of private equity firms, according to people with knowledge of the matter.
UBS and Wealthfront have mutually terminated a $1.4 billion acquisition announced earlier this year. Despite the call-off, UBS has given Wealthfront $69.7 million in financing at a $1.4 billion valuation. The termination of the deal comes after a significant decline in fintech valuations. No matter the circumstances, breakups are always hard. Just ask financial services Read more… The post UBS is Ditching Wealthfront After Agreeing to a $1.4 Billion Acquisition appeared first on Finovate .
The proposed acquisition was to be the centerpiece of CEO Ralph Hamers'' plans to broaden the focus of UBS beyond its traditional customer base.
Divesting from ESG Over the past two decades, the financial community has largely come to accept that environmental, social and governance (ESG) factors may influence a company’s profitability and stock performance. In the past year, however, some governors have politicized ESG investing, dubbing it “woke” and banning this investment style from their state pension funds. It seems the culture wars are coming to investing. Why the Sudden ESG Backlash? The U.S. economy is on the path to a major transformation, powered less by fossil fuels and more by climate-friendly energy sources like wind and solar. The fossil fuel industry may publicly acknowledge the need to decrease greenhouse gas emissions to mitigate climate change, but the industry remains resistant behind the scenes. As a result, ESG investors have pushed the industry to disclose more hard data on how it will manage this transformation. This effort culminated in draft requirements for public companies to report more broadly on their greenhouse gas emissions with the Securities and Exchange Commission.
UBS has pulled the plug on its $1.4 billion acquisition of robo-advisor Wealthfront but says it is still committed to its growth plans in the US and strengthening its digital offering.
WESCO International found using ticker (WCC) have now 9 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 200 and 148 with the average target price sitting at 172.56. With the stocks previous close at 131.47 this is indicating there is a potential upside of 31.3%. There is a 50 day moving average of 122.51 while the 200 day moving average is 124.78. The company has a market cap of $6,699m. Visit the company website at:https://www.wesco.com [stock_market_widget type="chart" template="basic" color="green" assets="WCC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $8,792m based on the market concensus. WESCO International provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).
Wealthfront was an early robo-adviser using algorithms to help users manage money
(Bloomberg) --
The CFP Board reversed Joseph Whitney''s interim suspension after New Jersey prosecutors dismissed criminal charges of conspiracy against him.
Banking stocks such as HSBC Holdings (GB:HSBA) and NatWest Group (GB:NWG) have shown stable growth post-pandemic - and one highly rated analysts believe the two banks are well-placed to weather the coming economic storm. Four-star-rated analyst Jason Napier from UBS has a Buy rating on these stocks and feels they are attractively valued. He has high success rates on both stocks. Napier believes the banks will be able to manage their costs well during the inflationary environment in the near term, leading to better margins and lending growth. Napier is the Head of European Banks Research at UBS and is mainly responsible for covering the UK banks.
UBS Group AG (NYSE:UBS) concluded the trading at $15.41 on Thursday, September 01 with a fall of -2.78% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $15.85 and 5Y monthly beta was reading 1.21 with its price kept floating in the … UBS Group AG (UBS) Is Worth A Look Now, Despite -27.29% Loss From High Read More »