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UBS.N

ISIN: CH0024899483
SEDOL: B17MV57

Rating:

HOLD

Target Price:

9.23 USD

Investment Horizon:

6 to 12 months
26th Jun 2009 View Report   Download

Company News Alert

On 25 June 2009, UBS AG (UBS) announced that that it has raised around CHF3.8 bn through a fresh share offering to a small number of institutional shareholders, which was aimed at enhancing its tier-1 capital base and shoring up investor confidence. Meanwhile, UBS expects to incur losses in 2Q 09 as a result of restructuring charges and accounting treatment of its own debt. Going forward, although the company's exposure to risky assets has been trimmed…

5th May 2009 View Report   Download

1Q 09 News Alert

UBS AG (UBS) has reported another net loss for 1Q 09, although results were much improved y-o-y due to a fall in trading losses and growth in Net Interest Income (NII), which reinforced operating revenues. Meanwhile, although the company’s exposure to risky assets has been trimmed, we remain concerned about prospects for further writedowns against outstanding exposure to leveraged finance and monoline insurers (especially if the macroeconomic scenario worsens)....

20th Apr 2009 View Report   Download

Company News Alert

On 20 April 2009, UBS AG (UBS) announced that it has agreed to sell its Brazilian financial services business, UBS Pactual, for approximately CHF2.8 bn. While we believe that the sale of assets is a necessary move to boost the bank’s capital position in the short term, the loss of a strong position in a market with long term growth potential is a disappointment....

15th Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

The onset of the global economic downturn has adversely impacted Swiss exports, and the country officially entered a recession in 4Q 08. According to the Secretariat for Economic Affairs (SECO), the Swiss economy will contract by 2.2% in 2009, with growth of 0.1% in 2010 (although the risks are to the downside). Meanwhile, the SNB forecasts a fall of 2.5%-3.0% in 2009 GDP. According to…

24th Mar 2009 View Report   Download

Company News Alert

On 23 March 2009, UBS AG’s (UBS) brokerage arm in the US, UBS Financial Services Inc., entered into a deal with Stifel Financial Corp. to sell up to 55 of its wealth management branches located in the US for an upfront cash payment of up to US$27 mn and performance-based compensation payments in a move to raise funds and focus on its core operations. We believe that this strategy is prudent. Going forward, despite the reduction in exposure to risky assets…