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
(
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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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