News Formal

A ‘historic' result but still a ‘construction site': Analysts react to blowout UBS earnings

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

UBS shares rallied to 15-year highs on the back of what analysts branded a “historic” earnings report, though Deutsche Bank said the lender may remain a “construction site” for some time.

Verstraete suggested that severing any financial dependence on the Swiss government and central bank had freed up UBS to take the decision on absorbing Credit Suisse's domestic banking unit without being subject to any political pressure. The prospect of further mass layoffs may be unpopular among some portions of the political and public sphere in Switzerland.

UBS on Thursday announced plans to further wind down non-core units of Credit Suisse's ailing investment bank, wealth management and asset management divisions, which it said are"not aligned with our strategy and policies."

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 288. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

European markets open higher following UBS earnings; UBS up 6%European markets opened higher as investors assess UBS earnings.
Bron: CNBC - 🏆 12. / 72 Lees verder »

European markets open higher following UBS earnings; UBS up 5%European markets opened higher as investors assess UBS earnings.
Bron: NBCLA - 🏆 319. / 59 Lees verder »

'Pain trade': UBS CIO warns of bear trap as Chinese stocks riseAdrian Zuercher, a chief investment officer at UBS, also said there could be a 'tactical trade' in the coming weeks.
Bron: CNBC - 🏆 12. / 72 Lees verder »

UBS Earnings Could Reveal Key Details about Credit Suisse AcquisitionInvestors will be looking for more transparency around how UBS is managing the integration of Credit Suisse, the former rival it acquired at a fire sale...
Bron: MarketWatch - 🏆 3. / 97 Lees verder »