UBS Group AG (USA) is Upgraded by BofA/Merrill to ” Neutral”

UBS Group AG (USA) (UBS) was Upgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. BofA/Merrill advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, UBS Group AG (USA) reported $0.25 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2017. Analyst had a consensus estimate of $. The company had revenue of $7033.00 million for the quarter, compared to analysts expectations of $6855.09 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

UBS Group AG (USA) closed down -0.08 points or -0.50% at $15.9 with 16,33,079 shares getting traded on Friday. Post opening the session at $15.83, the shares hit an intraday low of $15.8 and an intraday high of $15.94 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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