Report
Steven Gould

UBS Group : Caution on rates and markets

>Q3 results raise as many questions as answers - The relationship between the seasonal weakness of CIB and the recovery in profitability in wealth management might be misleading.CIB: the poor performance also revives strategic questions on these businesses.Wealth management is only somewhat reassuring. The impact of UBS’s response to low (still) rates remains difficult to assess.As a result, we are unconvinced by the prospects of a lasting recovery in p...
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
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Steven Gould

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