UBS Reports Full-Year Results, With Cross-Border Outflows From Asia-Pacific and Emerging Markets
UBS reported mixed fourth-quarter and full-year results, but we plan to maintain our $15/CHF 15 fair value estimate and narrow moat rating. Adjusted pretax profit for the full year decreased slightly to CHF 5.4 billion, and adjusted return on tangible equity came in at 9.2%, below our 10% target for 2016.The group was subject to substantial cross-border outflows and subdued client confidence amid an intricate geopolitical environment in the United States, the United Kingdom, and China. Wealth ...
UBS Group is a holding company. Through its subsidiary, UBS, Co. provides financial services including advisory services, underwriting, financing, market making, asset management and brokerage and retail banking. Co.'s operations are organized along five segments: Wealth Management (financial services to high net worth and ultra high net worth individuals as well as private and corporate clients); Wealth Management Americas (advice-based solutions for ultra high net worth, high net worth and core affluent individuals and families); Personal & Corporate Banking (provides financial products and services to private, corporate and institutional clients); Asset Management and Investment Bank.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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