UBS Group AG (UBS - Free Report) is scheduled to report third-quarter 2016 results on Oct 28.
The Swiss banking giant’s second-quarter 2016 net profit attributable to shareholders declined 14% year over year. The results were impacted by lower net interest income and net fee and commission income, partially offset by higher net trading income.
The company witnessed reduced profitability in its Investment Bank and Wealth Management units. However, it recorded improved profitability in the Wealth Management Americas, Personal & Corporate banking and Asset Management wings.
Notably, year to date, UBS has lost more than 25% on the NYSE, reflecting investors’ concern amid a challenging operating environment with low sometimes even negative rate scenario and global economic slowdown. Management had warned that the persistent market volatility and underlying macroeconomic uncertainties, aggravated by the Brexit vote, will result in continued client risk aversion and low transaction volumes.
UBS GROUP AG Price
Among other foreign banks, Deutsche Bank AG (DB - Free Report) , The Royal Bank of Scotland Group plc and Itau Unibanco Holding S.A. (ITUB - Free Report) are scheduled to report results on Oct 27, Oct 28 and Oct 31, respectively.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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UBS Group AG (UBS - Free Report) is scheduled to report third-quarter 2016 results on Oct 28.
The Swiss banking giant’s second-quarter 2016 net profit attributable to shareholders declined 14% year over year. The results were impacted by lower net interest income and net fee and commission income, partially offset by higher net trading income.
The company witnessed reduced profitability in its Investment Bank and Wealth Management units. However, it recorded improved profitability in the Wealth Management Americas, Personal & Corporate banking and Asset Management wings.
Notably, year to date, UBS has lost more than 25% on the NYSE, reflecting investors’ concern amid a challenging operating environment with low sometimes even negative rate scenario and global economic slowdown. Management had warned that the persistent market volatility and underlying macroeconomic uncertainties, aggravated by the Brexit vote, will result in continued client risk aversion and low transaction volumes.
UBS GROUP AG Price
Among other foreign banks, Deutsche Bank AG (DB - Free Report) , The Royal Bank of Scotland Group plc and Itau Unibanco Holding S.A. (ITUB - Free Report) are scheduled to report results on Oct 27, Oct 28 and Oct 31, respectively.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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