UBS Group : Share buybacks: sign of confidence in the face of uncertainties
>Share buybacks – sign of confidence - UBS bought back around $ 0.3bn in Q2 2019. The 2019 target is re-affirmed “up to $ 1.0bnâ€. This implies maintaining the same share buyback pace over the second half. Apart from the return to shareholders (around 1.5%), we think that this is also a sign of confidence in the face of operating uncertainties. Granted, UBS’ capacity to generate surplus capital should enable it in the space of a few years to build up a buffer in the ev...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.
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.
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