|Bid||18.48 x 4000|
|Ask||18.49 x 2900|
|Day's range||18.46 - 18.70|
|52-week range||13.80 - 21.49|
|Beta (5Y monthly)||1.14|
|PE ratio (TTM)||8.71|
|Forward dividend & yield||0.50 (2.74%)|
|Ex-dividend date||12 Apr 2022|
|1y target est||18.85|
UBS chair Colm Kelleher has ruled out further acquisitions in the US after walking away from a $1.4bn deal two months ago, saying that shareholders need a clear picture of how the Swiss bank will grow in a market it has earmarked as a top priority. The Swiss bank in September ditched plans to buy US digital advisory start-up Wealthfront, a deal that had been championed by chief executive Ralph Hamers, but proved unpopular with investors.
ZURICH (Reuters) -UBS is not actively benefiting from the crisis at rival Credit Suisse, UBS Chairman Colm Kelleher told a Financial Times banking conference on Wednesday. Credit Suisse has reported sharp outflows as wealthy clients turn their back on the embattled Swiss bank. "But clearly we are also in a world of clients moving money around so where clients proactively approach us we either let the money come to us or we let it go to our American competitors and on that basis we do what we can," Kelleher said.
Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up to expand their retirement offerings, as the country officially unveiled a private pension system last week. China on Friday launched its first private pension scheme in 36 cities as it grapples with a rapidly ageing population, allowing individuals to open retirement accounts at banks to buy pension products ranging from deposits to mutual funds. The move marked the official launch of China's version of IRA, or Individual Retirement Accounts in the United States, a private pension scheme that offers tax advantages for individuals saving for retirement.