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UBS Group AG (UBS)
After hours:
| Previous close | 27.49 |
| Open | 27.25 |
| Bid | 27.00 x 2200 |
| Ask | 27.70 x 3200 |
| Day's range | 27.16 - 27.49 |
| 52-week range | 18.71 - 32.13 |
| Volume | |
| Avg. volume | 2,872,869 |
| Market cap | 87.858B |
| Beta (5Y monthly) | 1.01 |
| PE ratio (TTM) | 3.24 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.35 (1.27%) |
| Ex-dividend date | 30 Apr 2024 |
| 1y target est | N/A |
- CNN Business
Switzerland says UBS may need more cash. The bank is fuming
A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses. Now, the giant Swiss lender is hitting back, saying its finances are robust.
- Reuters
UBS flags 'serious' concern about new Swiss capital requirements
UBS executives on Wednesday told shareholders that the bank has major concerns about the Swiss government's recently announced plan to hit the country's largest lender with tougher capital requirements. The government laid out plans two weeks ago for how to police banks deemed "too big to fail" to shield the country from a repeat of the collapse of Credit Suisse, which UBS acquired in a rescue arranged by the authorities and backed by the state. "We are seriously concerned about some of the discussions related to additional capital requirements," UBS Chairman Colm Kelleher said at the bank's annual general meeting in Basel.
- Reuters
UBS gets backing for capital plan, Ermotti pay from Norway wealth fund
LONDON (Reuters) -Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) bonds, a form of debt, more appealing to investors by protecting them from a wipeout, and also signed off on UBS CEO Sergio Ermotti's pay package. The vote from the Norwegian fund, UBS' second-largest shareholder, at the bank's annual general meeting this week is a boost for UBS, which is seeking to prop up its capital buffers to satisfy Swiss regulators' demands as it integrates its former rival Credit Suisse. The bonds can be converted into equity or written off.
