[ad_1] UBS named a raft of U.S. and global stocks it says are set to beat a major index in 2023, which it described as a year of “inflection points.” The stock picks are its “highest conviction” names, and the list is aimed at beating the MSCI All Countries World Index, the Swiss bank said … Read more
[ad_1] UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion. Fabrice Coffrini | Afp | Getty Images UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant … Read more
[ad_1] Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023. Arnd Wiegmann | Afp | Getty Images UBS will hold its annual general meeting on Wednesday morning against a fraught political backdrop, following its takeover of fallen rival Credit Suisse last … Read more
[ad_1] Dividend stocks may be the way to go for investors as a recession becomes more likely, according to UBS. Dividend stocks on average outperformed the market by 4.5% during the 2001, 2008 and 2020 recessions, the bank said. U.S. equity product manager Joseph Parkhill noted that these stocks can provide a cushion for investor … Read more
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) on February 14, 2023 in New York City. Spencer Platt | Getty Images Stock futures edged higher Sunday evening as Wall Street came off a winning week and investors continued to follow the troubling bank sector. Futures tied to the Dow Jones … Read more
[ad_1] First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California, United States. Tayfun Coskun | Anadolu Agency | Getty Images The surge of deposits moving from smaller banks to big institutions including JPMorgan Chase and Wells Fargo amid fears over the stability of regional lenders has slowed to a trickle … Read more