UBS Group (NYSE:UBS) Posts Earnings Results

UBS Group (NYSE:UBS) released its quarterly earnings results on Wednesday. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15, Zacks reports. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the previous year, the firm earned ($0.24) EPS.

UBS Group Stock Up 1.4 %

UBS stock traded up $0.43 during mid-day trading on Friday, reaching $31.11. The company had a trading volume of 1,365,050 shares, compared to its average volume of 1,253,415. UBS Group has a fifty-two week low of $24.07 and a fifty-two week high of $32.90. The company has a market capitalization of $99.75 billion, a price-to-earnings ratio of 25.93 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.06 and a current ratio of 1.05. The firm has a fifty day simple moving average of $30.88 and a 200 day simple moving average of $30.21.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on UBS shares. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday. Bank of America started coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.