UBS Group AG
Swiss giant UBS beats expectations with $1.69 billion profit in first quarter
The three keys USB logo is seen outside the London office of Swiss bank UBS in central London, on March 20, 2023. Daniel Leal | AFP | Getty Images Swiss giant UBS on Wednesday beat bottom line expectations amid sharp returns in investment banking, as the lender seeks to rein in steep share declines that have cost […]
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UBS loses crown as continental Europe’s most valuable bank to Santander amid U.S. tariffs
Key Points UBS had a market cap of 79.5 Swiss francs ($97.23 billion) as of the Wednesday close, according to FactSet data, with Banco Santander at 91.3 billion euros ($103.78 billion). Santander and UBS’ shares have diverged over recent months, with the Swiss lender shedding 17.2% in the year to date, while Santander has gained […]
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CNBC Daily Open: Consumers are worried over the economy. The White House insists it’ll be fine
People shop at a grocery store in Manhattan on April 01, 2025, in New York City. Spencer Platt | Getty Images A day without major tariff developments from U.S. President Donald Trump’s administration is, for markets, a day of cautious optimism (or at least what passes as “optimism” in such unusual times). There was breathing […]
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‘Buy the dip in gold’: Morgan Stanley, UBS and Deutsche Bank turn bullish on the shiny metal
Wall Street strategists have turned bullish on gold after a pullback in the precious metal’s price since U.S. President Donald Trump unveiled “reciprocal” tariffs on most countries worldwide. Morgan Stanley said gold was its “top pick” among commodities, while UBS strategists urged investors to “buy the dip in gold” and the price action in the […]
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Apple’s highest-end iPhone could see $350 price hike in U.S. on Trump tariffs, analyst predicts
A customer checks Apple’s latest iPhone 16 Plus (right) and Apple’s latest iPhone 16 Pro Max (left) series displayed for sale at Master Arts Shop in Srinagar, Jammu and Kashmir, on September 26, 2024. Firdous Nazir | Nurphoto | Getty Images President Trump’s reciprocal tariffs could lead Apple to raise the price of the iPhone […]
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Europe’s banks battered as Trump tariffs put U.S. recession on the horizon
Reading, UK – JULY 5, 2021: British High Street Banks stopping account holders buying using or processing crypto related transactions as traditional banking industry declares war on crypto currencies Craig Hastings | Moment | Getty Images European banks have been battered in the wake of U.S. President Donald Trump’s sweeping and more-aggressive-than-anticipated tariffs. The European […]
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‘Most interesting and important sector’: Asia’s family offices are putting their money in AI
Artificial intelligence has become an increasingly popular theme among family offices in Singapore and the wider Asia region, LH Koh, managing director and head of global family and institutional wealth at UBS said at CNBC’s CONVERGE LIVE event in Singapore last month. “Our family office clients are focusing on this as perhaps the most interesting and important […]
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Stocks making the biggest moves premarket: General Motors, GameStop, Nvidia, Jefferies and more
Check out the companies making headlines in premarket trading: Auto stocks — Shares of major automakers dropped after President Donald Trump announced a 25% tariff on all cars not made in the U.S. that will go into effect next week. General Motors slid more than 6%, while Stellantis lost 1%. GameStop — The video game […]
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CNBC Daily Open: Trump hints at softer tariffs, rallying markets
U.S. President Donald Trump greets members of the audience after signing a proclamation during a Greek Independence Day celebration at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty Images U.S. President Donald Trump’s tariffs have so far taken the shape of country-specific, sweepingly reciprocal, targeted at sectors and applicable […]
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South Korea fines JPMorgan, Nomura, UBS and Morgan Stanley for short selling breaches
Morgan Stanley’s office in Canary Wharf financial district on Jan. 30, 2025 in London, UK. Mike Kemp | In Pictures | Getty Images South Korea’s market watchdog has imposed fines on JPMorgan, Morgan Stanley, Nomura and UBS for violating short-selling rules in the domestic stock market, officials at the country’s Financial Supervisory Service (FSS) said on Thursday. “We have concluded administrative sanctions, meaning imposing fines,” an official […]
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