UBS Group AG (USA) (UBS) is Downgraded by JP Morgan to Underweight

UBS Group AG (USA) (UBS) was Downgraded by JP Morgan to ” Underweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Jun 27, 2016.

Many Wall Street Analysts have commented on UBS Group AG (USA). UBS Group AG (USA) was Downgraded by Societe Generale to ” Hold” on May 13, 2016.

On the company’s financial health, UBS Group AG (USA) reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 27, 2015. Analyst had a consensus of $0.37.Analysts expectations of $ 7509.65.During the same quarter in the previous year, the company posted $0.23 EPS.

UBS Group AG (USA) closed down -2.15 points or -13.35% at $13.95 with 69,33,857 shares getting traded on Friday. Post opening the session at $14.08, the shares hit an intraday low of $13.9201 and an intraday high of $14.285 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

UBS Group AG is a holding company of the UBS Group. The Company’s businesses are organized globally into five business segments: Wealth Management Wealth Management Americas Retail & Corporate Global Asset Management and the Investment Bank. The Company provides private institutional and corporate customers around the world as well as retail customers in Switzerland with financial advice and solutions. Corporate Center includes Core Functions and Non-core and Legacy Portfolio. Core Functions include Group-wide control functions such as finance including treasury services such as liquidity funding balance sheet and capital management; risk control including compliance and legal. In addition Core Functions provide all logistics and support services. Non-core and Legacy Portfolios consists of the non-core businesses and legacy positions.

UBS Group AG (USA)

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