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UBS Group (NYSE:UBS) Announces Quarterly Earnings Results, Beats Estimates By $0.15 EPS

UBS Group logo with Finance background

UBS Group (NYSE:UBS - Get Free Report) released its quarterly earnings data on Wednesday. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.15, Zacks reports. The firm had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period last year, the business earned ($0.24) earnings per share.

UBS Group Trading Up 1.4 %

NYSE UBS traded up $0.43 on Friday, reaching $31.11. The stock had a trading volume of 1,365,050 shares, compared to its average volume of 1,253,415. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The stock has a fifty day moving average price of $30.88 and a two-hundred day moving average price of $30.22. UBS Group has a 12-month low of $24.07 and a 12-month high of $32.90. The firm has a market capitalization of $99.75 billion, a price-to-earnings ratio of 25.93 and a beta of 1.15.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Bank of America assumed coverage on UBS Group in a report on Thursday, September 19th. They issued a "neutral" rating on the stock. StockNews.com raised UBS Group from a "hold" rating to a "buy" rating in a research note on Friday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Check Out Our Latest Stock Analysis on UBS

About UBS Group

(Get Free Report)

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.

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Earnings History for UBS Group (NYSE:UBS)

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