UBS Group’s first quarter earnings rose, exceeding analysts’ expectations. The Swiss bank announced quarterly profits of $ 2.14 billion, up from $ 1.82 billion a year ago and analysts’ estimates of $ 1.79 billion. Operating profit stood at $ 9.36 billion, up 8% year-on-year. Analysts expected $ 8.83 billion in operating profit. The bank said […]
Tag: UBS
UBS: Central banks are too slow to tackle inflation
Central banks have not acted quickly enough to deal with rising inflation, said Axel Weber, the outgoing chairman of UBS Group AG, adding that he expects Europe and Switzerland to eventually raise their historically low interest rates. “I have been talking about unpleasantly high inflation rates for over a year now,” Weber told the Neue […]
UBS: The three market scenarios and the top three strategies
Her Eleftherias Kourtali Markets face significant geopolitical and economic uncertainty, with the war in Ukraine escalating and sparking a growing humanitarian crisis, UBS said in a report today, adding that sanctions have disrupted commodity flows and created commodity flows. instability in some markets. In this context, the Swiss bank identifies three possible scenarios for the […]
UBS: At 2% of eurozone GDP the effects of the war in Ukraine
The additional expenses of the eurozone governments due to the Russian invasion of Ukraine will amount to a cumulative 2% of annual production by the end of next year, according to the UBS Group. This includes additional expenditure of 1.5% of GDP in 2022 and an additional 0.5% over the next 12 months. While the […]
Investors are measuring the impact of the war on banks
The coordinator, Eugenia George and Christian Kopf, George Katsikas and George Elekidis The opportunities, but also the challenges that the future holds, in the shadow of the pandemic and the war in Ukraine, were mentioned by executives of the investment world, in the context of the Moneyreview Banking Summit. THE Christian Kopf, Head of Fixed […]
UBS: Why Eurozone Shares a Great Investment Opportunity – Short-Term Impact of War
Her Eleftherias Kourtali Eurozone shares were among the assets hardest hit by the war in Ukraine, UBS said in a report today. Since February 17, when tensions began to escalate before the Russian invasion of Ukraine, the MSCI index of the Eurozone has underperformed significantly. The combination of falling German bond yields, rising oil prices […]
UBS: Bullish for the Greek economy and banks – Raises estimates for growth, what is the impact of the war
Her Eleftherias Kourtali UBS raises its forecasts for Greek GDP for 2021 and 2022 to 8.5% and 5.5%, stressing that Greece recorded an impressive economic recovery from the pandemic, with GDP exceeding the level before pandemic since the third quarter of 2021. The economy grew by 2.7% in the third quarter (13.4% per year) after […]
UBS: Bullish for Greek economy and banks – Raises growth estimates, what is the impact of war
Her Eleftherias Kourtali UBS raises its forecasts for Greek GDP for 2021 and 2022 to 8.5% and 5.5%, stressing that Greece recorded an impressive economic recovery from the pandemic, with GDP exceeding the level before pandemic since the third quarter of 2021. The economy grew by 2.7% in the third quarter (13.4% per year) after […]
UBS: Bullish for Greek economy and banks – What is the impact of the war
Her Eleftherias Kourtali UBS raises its forecasts for Greek GDP for 2021 and 2022 to 8.5% and 5.5%, stressing that Greece recorded an impressive economic recovery from the pandemic, with GDP exceeding the level before pandemic since the third quarter of 2021. The economy grew by 2.7% in the third quarter (13.4% per year) after […]
UBS: How the war in Ukraine affects GDP and energy prices – Why eurozone stocks remain an attractive story
Her Eleftherias Kourtali The war in Ukraine has raised investor concerns about the economic outlook, with the eurozone’s dependence on Russia for oil and gas being the focus, UBS said in a report today. In its baseline scenario, it does not expect energy supplies to fall, but prices are likely to remain high until tensions […]
