UBS
UBS Group AG (NYSE: UBS) has removed several hundred roles across Europe, Middle East, and Africa in the...
Article Summary
HOLD- UBS Group AG (NYSE: UBS) has removed several hundred roles across Europe, Middle East, and Africa in the latest round of job cuts linked to its Credit Suisse acquisition, with reductions concentrated in support areas, though some front-office bankers were also affected, according to Bloomberg.
- The Swiss bank has been working to reduce headcounts since the merger in 2023 increased headcount by about 45,000, taking total headcount to nearly 120,000 after selling certain businesses and removing overlapping roles, with further reductions expected in the second half of the year.
- UBS spokesperson said the lender would keep integration-related job losses as low as possible in Switzerland and worldwide, with natural attrition, early retirement, internal mobility, and internalisation of outsourced work returning work handled by external providers returning inside the group.
Free users see 3 BUY signals per day. Premium unlocks all of them, plus instant email alerts.
See Plans
Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -5.0% | 25% | 0.0 ptsDeclining (-5.0%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 19.0% | 25% | 50.0 ptsMeets Minimum (19.0%) - Passes screener |
| Target Price Upside ? | 5.0% | 20% | 20.0 ptsMinimal Upside (5.0%) - Target: $49.35 vs Current: $47.01 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -3.5% | 15% | 20.0 ptsBarely a Dip (-3.5%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About UBS
- UBS Group AG operates as a wealth manager and bank worldwide.
- It operates through five segments: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-Core and Legacy.
- The Global Wealth Management segment offers financial services, advice, and solutions; investment management, estate planning, and corporate advice services; and wealth management and banking products and services to private wealth and institutional customers.
- Its Personal & Corporate Banking segment provides banking, retirement, financing, investments, and strategic transactions to private, corporate, and institutional customers through its branch network and digital channels in Switzerland.
- The Asset Management segment offers diversified asset management services.
- Its Investment Bank segment provides equities, foreign exchange, precious metals, research, advisory, and capital markets services to institutional, corporate, financial sponsor, and Global Wealth Management customers, as well as focused rates and credit platform.
- The company also offers lending products, such as securities-based lending, mortgages, structured products, and tailored solutions; collateralized lending residential and commercial real estate, primarily against securities, residential and commercial real estate, other real assets (such as ships and aircraft), private market and hedge fund interest; and unsecured lending.
- The company was formerly known as UBS AG and changed its name to UBS Group AG in December 2014.
- UBS Group AG was founded in 1862 and is headquartered in Zurich, Switzerland.