FOSTER CITY, Calif., May 17, 2024 (GLOBE NEWSWIRE) -- Terns Pharmaceuticals, Inc. (“Terns” or the “Company”) (Nasdaq: TERN), a clinical-stage biopharmaceutical company developing a portfolio of small molecule product candidates to address serious diseases, including oncology and obesity, today announced that members of senior management will be participating in a virtual fireside chat at UBS Obesity Therapeutics Day on Thursday, May 23, 2024 at 1:00 p.m. ET. A live webcast of the fireside chat will be avail ...

Swiss Bank UBS Group (UBS) is back above the 10-week moving average as it forms a cup base. Bank stocks have rallied since April after some big institutions reported strong earnings and interest rates remain high.X Zurich-based UBS Group provides wealth and asset management services and banking services to institutional, corporate and private clients. UBS took over failed Credit Suisse in March 2023. One year later, Swiss authorities are revisiting its capital requirements. Recent reports say regulators wan ...

Traders work on the floor of the New York Stock Exchange during morning trading on April 29, 2024 in New York City. Michael M. Santiago | Getty ImagesEuropean stocks are now more attractive than their U.S. counterparts, according to Swiss Bank UBS, with factors such as economic data, interest rates and earnings playing a key role.In a note entitled: "A U-Turn: Favouring Europe over US equities," the bank's strategists said European stocks excluding the U.K. now outrank the U.S. on its "regional scorecard." ...

UBS (UBS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often find it hard ...

公司业绩 - UBS集团在2024年第一季度取得了出色的业绩，整合瑞士信贷的进展顺利，收入增长4%，费用下降12%[1] - 公司在财报中详细列出了税前利润和基础税前利润的比较，展示了本季度约2.5亿美元的净差额[2] - 所有业务板块都在良好增长，尤其是全球财富管理和资产管理，尽管在瑞士信贷合并后可能存在一些客户流失，但增长依然强劲[3] - 公司在降低费用和资产负债表方面取得了显著进展，RoCET1达到9.6%，虽然仍低于公司目标，但在不断改善[4]

文章核心观点 - UBS集团2024年第一季度净利润同比增长70.6%,达到17.5亿美元 [1] - 收入增加推动了业绩改善,但运营成本和信贷损失费用的上升是短期关注点 [2] - 资产管理、个人及企业银行和投资银行业务表现出色,但财富管理、非核心及遗留业务和集团项目表现不佳 [3] 收入和成本分析 - UBS集团总收入同比增长45.7%至127.4亿美元 [4] - 运营成本同比增加42.3%至102.6亿美元 [4] - 信贷损失费用从上年同期的3800万美元大幅增加至1.06亿美元 [5] 业务部门表现 - 财富管理部门营业利润同比下降9.1%至11亿美元,主要由于运营成本上升 [6] - 资产管理部门营业利润同比增长16.8%至1.11亿美元,主要由于并购Credit Suisse带来的收入增加 [7] - 个人及企业银行部门营业利润同比增长43.6%至8.59亿美元,主要由于收入增加 [7] - 投资银行部门营业利润同比增长12.8%至5.55亿美元,主要由于全球银行业务收入增加 [8] - 非核心及遗留业务部门营业亏损从上年同期的6.76亿美元收窄至4600万美元 [9] - 集团项目部门营业亏损从上年同期的2.25亿美元扩大至3.2亿美元 [10] 资本状况改善 - 总资产从上季度末增加52.6%至1.61万亿美元,主要由于并购Credit Suisse [11] - 普通股权一级资本充足率从上年同期的9.1%下降至9% [12] - 风险加权资产同比增长63.7%至5264亿美元 [12] - 普通股权一级资本同比增长75.3%至781亿美元 [13] - 管理资产同比增长39.8%至5.85万亿美元 [13]

财务数据和关键指标变化 - 报告净利润为18亿美元,基础税前利润为26亿美元,普通股权一级资本回报率为9.6% [6] - 资本充足率为14.8%,较上季度提高40个基点 [57] 各条业务线数据和关键指标变化 - 财富管理业务税前利润增加一倍至13亿美元,净新资产27亿美元 [36][38] - 个人和企业银行业务税前利润增加11%至7.74亿瑞士法郎,收入增加4% [43][44] - 资产管理业务税前利润下降2%至1.82亿美元,净新资金21亿美元 [47] - 投资银行业务实现税前利润4.04亿美元,收入增加4% [49][50] 各个市场数据和关键指标变化 - 财富管理业务在美洲、瑞士和亚太地区均有强劲表现 [36] - 投资银行业务在美国市场表现出色,收入增长29% [49] 公司战略和发展方向及行业竞争 - 正在执行整合计划,预计到2026年将非核心和遗留资产降至集团风险加权资产的5%以下 [13] - 正在简化法律实体结构,预计到2024年底完成母公司银行合并和美国中间控股公司过渡 [7][8] - 将继续保持资本回报,计划2024年增加中单位数百分比的股息,并在母公司银行合并后恢复最高10亿美元的股票回购 [14] - 对瑞士监管机构提出的进一步加强"太大而不能倒"监管制度持建设性态度,将积极参与讨论 [15][16][22] 管理层对经营环境和未来前景的评论 - 宏观经济和地缘政治不确定性持续,但客户风险偏好和活动有所改善 [11] - 预计2024年下半年及2025年以后将实现更多整合带来的成本、资本、资金和税收效益 [8] - 对2024年全年财富管理业务净息差保持乐观,预计仅略有下降 [39][44] 问答环节重要的提问和回答 问题1 **Alastair Ryan 提问** 询问非核心业务的表现和未来走向 [64] **Todd Tuckner 回答** 非核心业务的成本和资产减少并不是线性关系,而是根据具体情况而定。公司将继续以最优化价值的方式加快资产退出 [69][70] 问题2 **Chris Hallam 提问** 询问成本节约进度对净成本节约目标的影响,以及对资本回报率路径的影响 [73][74] **Todd Tuckner 回答** 成本节约进度良好,但公司仍将保持投资以支持业务增长,因此不会改变此前给出的资本回报率目标 [75][76] 问题3 **Kian Abouhossein 提问** 询问公司在收购Credit Suisse时是否有特殊条款,以及未来监管变化的应对措施 [82][83] **Sergio Ermotti 回答** 在收购过程中确实有一些特殊条款,但公司现在无法对未来监管变化做出具体预测和回应,将保持专注执行既定战略 [84][85]

UBS Group AG, the Swiss multinational investment bank and financial services firm, released its quarterly earnings report for Q1 of FY24 on 7 May 2024.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The company reported a net profit of $1.8 billion and an underlying PBT of $2.6 billion, with 15% growth Q1 in underlying revenues, and a 5% quarter-on-quarter reduction in underlying operating expenses, resulting in significant positive operating leverage ...

UBS Group AG (UBS) , following its acquisition of Credit Suisse, plans to cut jobs in five separate waves, starting this June. In August 2023, UBS announced its plan to lay off around one in 12 employees in Switzerland to reduce costs by more than $10 billion by 2026. In total, 50-60% of former Credit Suisse employees are likely to be made redundant. The news was reported by Reuters, which cited the SonntagsZeitung newspaper.UBS' plan to reduce costs will mainly result from cutting its workforce. According ...

UBS Group AG (UBS) is considering attaining the complete ownership of its operations in China. In order to do so, UBS will swap its holding in Credit Suisse’s (“CS”) onshore securities business with a Beijing government investment fund. This news was reported by Bloomberg, citing people familiar with the matter.Particularly, UBS Group will acquire 33% stake held in its joint venture with Beijing State-Owned Assets Management Co., UBS Securities Co. In return, UBS is willing to sell part of or its entire 51% ...