Report
Johann Scholtz
EUR 100.00 For Business Accounts Only

UBS 2Q 2019: Solid Consensus Beat

Narrow-moat UBS reported a net profit of $1.4 billion for second-quarter 2019, roughly the same as second-quarter 2018. UBS however comfortably beat consensus expectations, coming in about 30% higher than the $1 billion consensus had forecast for the quarter. For the full year we are 13% ahead of consensus and this solid result gives us greater comfort with our estimates. We believe there will be consensus upgrades on the back of these results. We maintain our CHF 20 fair value estimate and our ...
Underlying
UBS Group AG

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Johann Scholtz

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