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John Lovallo, homebuilding analyst at UBS Research, joins ‘The Exchange' to discuss how Trump's latest tariffs impact the housing market, the state of the homebuilder sector, and more.
Peloton Interactive Inc (NASDAQ: PTON) soared nearly 20% on Wednesday after a senior UBS analyst issued an ultra-bullish note in its favour. In her research note this morning, Arpine Kocharyan upgraded the connected fitness company to “buy” and raised her price target to $11 – indicating potential upside of over 80% on its previous close.
UBS posted a $2.39B Q2 profit, boosted by Wealth and Investment Bank gains, while costs fell and Credit Suisse integration advanced.
UBS (UBS) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.7 per share. This compares to earnings of $0.34 per share a year ago.
Swiss lender UBS posts a Q2 net profit beat but CEO Sergio Ermotti tells CNBC that tariff ‘fatigue' is beginning to affect client sentiment. Chinese and U.S. negotiators have failed to confirm a trade truce following 2 days of discussions in Stockholm.
UBS Chief Executive Officer Sergio Ermotti talks about the bank's performance in the second quarter as it raid net income was $2.4 billion in the three months to June, compared with estimates for $2.2 billion. He also discusses Switzerland's planned bank capital rules, and says that having a global diversified business is a strength for UBS and for Switzerland, and "shrinking is definitely not an option.
UBS said it's now achieved $9.1 billion of gross savings from its purchase of Credit Suisse as the Swiss banking giant reported stronger-than-forecast second-quarter earnings.
Group invested assets soared on the back of increases in the lender's global wealth management and corporate units.
UBS said on Wednesday that second-quarter profit more than doubled from a year earlier as market turmoil drove trading activity.
ZURICH--(BUSINESS WIRE)--Regulatory News: UBS (NYSE:UBS) (SWX:UBSN): “We sustained robust momentum during a quarter that started with extreme volatility by staying close to our clients and executing on our integration plans. We also maintained a balance sheet for all seasons while delivering on our capital return plans. We are positioning for long term success by further enhancing our global capabilities, investing in our future infrastructure and AI, while actively engaging in the debate on fu.