Last $17.18 USD
Change Today +0.01 / 0.06%
Volume 3.4M
As of 8:04 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

ubs ag-reg (UBS) Snapshot

Open
$17.07
Previous Close
$17.17
Day High
$17.28
Day Low
$17.03
52 Week High
10/22/13 - $21.31
52 Week Low
08/1/14 - $17.03
Market Cap
66.0B
Average Volume 10 Days
2.6M
EPS TTM
--
Shares Outstanding
3.8B
EX-Date
05/12/14
P/E TM
--
Dividend
$0.28
Dividend Yield
1.64%
Current Stock Chart for UBS AG-REG (UBS)

ubs ag-reg (UBS) Details

UBS AG, a financial services firm, provides retail, wealth management, corporate and institutional banking, asset management, and investment banking products and services worldwide. The company’s Wealth Management division provides financial services to high net worth individuals. This division offers investment management, estate planning, and corporate finance advice, as well as specific wealth management products and services. Its Wealth Management Americas division provides advice-based solutions through financial advisors to ultra high net worth and high net worth individuals and families. This division operates domestic U.S. business, the domestic Canadian business, and international business booked in the United States. The company’s Retail & Corporate division offers financial products and services to retail, corporate, and institutional clients. UBS AG’s Global Asset Management division offers investment solutions to various asset classes comprising equities, fixed income, currencies, hedge funds, real estate, infrastructure, and private equity. This division also provides professional services, including fund set-up, accounting, and reporting for traditional investment funds and alternative funds. The company’s Investment Bank division offers products and services in equities, fixed income, foreign exchange, and metals to corporate, institutional, and wealth management clients. This division is engaged in the sales, trading, and market-making activities across a range of securities; and provides advisory services and access in capital markets. UBS AG also provides treasury services. The company was founded in 1862 and is headquartered in Zurich, Switzerland.

60,087 Employees
Last Reported Date: 07/29/14
Founded in 1862

ubs ag-reg (UBS) Top Compensated Officers

Group Chief Executive Officer, Member of Grou...
Total Annual Compensation: SFr.3.5M
Member of Group Executive Board and Chief Exe...
Total Annual Compensation: SFr.2.5M
Compensation as of Fiscal Year 2013.

ubs ag-reg (UBS) Key Developments

UBS Announces Resignation of Mark Yallop as Chief Executive Officer, Effective from September 2014

UBS announced that Mark Yallop will leave the company as Chief Executive Officer in September 2014. Mark Yallop was appointed chief executive officer in February 2013 to restructure the bank's capital to meet new rules, and to rebuild the bank's relationship with UK regulators after it was fined for attempted Libor rigging.

UBS AG Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

UBS AG announced earnings results for the second quarter and six months ended June 30, 2014. For the period, the company reported a 15% jump in net profit compared to a year ago, driven by strong results from its core wealth management and trimmed-down investment banking franchises despite a tough market environment. The bank said its net profit for the period rose to CHF 792 million, up from CHF 690 million in the comparable period from 2013. Which includes CHF 254 million related to provisions for litigation, regulatory and similar matters. Earnings per share were CHF 0.21, 17% higher than CHF 0.18 last year. Profit before tax climbed 19% year-over-year to CHF 1.22 billion. Net interest income advanced 3% to CHF 1.242 billion from CHF 1.208 billion last year. Total operating income slipped 3% to CHF 7.147 billion from CHF 7.389 billion. Interest income also dropped 6% to CHF 3.34 billion. Return on equity was 6.4% compared to 5.9% a year ago. Return on assets, gross was 9% compared to 2.5% a year ago. Return on tangible equity was 7.5% compared to 7.0% a year ago. Return on risk-weighted assets, gross was 12.5% compared to 11.7% a year ago. Net interest income was CHF 1,242 million compared to CHF 1,208 million a year ago. Adjusted pretax profit of $246 million was affected by litigation charges mostly related to Puerto Rico. For the six months, the company reported operating income of CHF 14.405 billion compared to CHF 15.164 billion a year ago. Operating profit before tax was CHF 2.611 billion compared to CHF 2.467 billion a year ago. Net profit attributable to the company shareholders was CHF 1.846 billion or CHF 0.48 per diluted share compared to CHF 1.678 billion or CHF 0.44 per diluted share a year ago. Return on equity was 7.6% compared to 7.2% a year ago. Return on assets, gross was 2.9% compared to 2.5% a year ago. Return on tangible equity was 8.8% compared to 8.5% a year ago. Return on risk-weighted assets, gross was 12.5% compared to 11.8% a year ago. Total book value per share was CHF 13.20 compared to CHF 12.49 a year ago. Tangible book value per share was CHF 11.54 compared to CHF 10.73 a year ago. Net interest income was CHF 2,814 million compared to CHF 2,689 million a year ago.

Decura IM Investments Files a Lawsuit Against UBS

Decura IM Investments has reportedly filed a lawsuit against UBS alleging the Swiss bank's 2012 restructuring badly damaged a joint venture between the two. The restructuring, dubbed Project Accelerate and launched in October 2012, resulted in UBS's investment bank exiting several business lines and slash its headcount by 10,000. Under the JV agreement, Decura IM Investments received mandate to offer managed accounts and "algorithmic strategies" for some of UBS's investment banking clients. In the lawsuit, Decura alleged that UBS's "radical transformation" materially reduced the Swiss bank's ability to market these services. Between August 1, 2013 and January 31, 2014, UBS generated just £230,000 from algorithmic-strategies business and provided no information as to revenues from managed accounts, Decura claims. Decura further alleged that it received only five enquiries from UBS for its algorithmic-strategies products between June 7, 2013 and February 28, 2014, yet was restricted by an exclusivity agreement from partnering with other groups. The asset manager has pleaded the court to terminate the contract, triggering a buyout process that would force UBS to buy the relevant part of Decura's business, valued at USD 100 million.

 

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Industry Analysis

UBS

Industry Average

Valuation UBS Industry Range
Price/Earnings 17.6x
Price/Sales 2.1x
Price/Book 1.2x
Price/Cash Flow 17.0x
TEV/Sales NM Not Meaningful
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