Some units at the investment bank of UBS have seen their bonus pools rise by as much as 20% for 2025 https://t.co/b5AfXxXJHl ...

Core Viewpoint - The recent volatility in precious metal prices, particularly gold and silver, has led investment banks to increase their bullish positions on gold while cautioning against heavy investments in silver [1][4]. Group 1: Gold Market Analysis - Gold prices experienced a significant drop, falling below $4,800, after a brief rebound earlier in the week [1]. - Despite the recent sell-off, many market observers, including UBS and Goldman Sachs, maintain a bullish outlook on gold, predicting prices could reach $6,200 next month and $5,900 by year-end [2][3]. - UBS identifies that the current sell-off is a normal fluctuation within a structural uptrend, with no signs of a bull market ending [2]. - Goldman Sachs forecasts a price of $5,400 per ounce by December 2026, supported by central banks increasing gold reserves and private investors boosting gold ETF purchases [2]. Group 2: Silver Market Analysis - Silver prices have seen a dramatic decline of over 30% from recent highs, with UBS suggesting that further declines are necessary for the metal to become attractive for investment [4][5]. - UBS highlights that silver's industrial demand complicates its price dynamics, as rising prices may suppress industrial usage [5]. - Analysts from Goldman Sachs express caution regarding silver due to liquidity issues in the London market, which exacerbate price volatility [5]. - American Bank also holds a cautiously optimistic view on silver but notes potential upward resistance from declining solar panel demand [5]. Group 3: Market Volatility and Investor Sentiment - The recent volatility in precious metals has created opportunities for investors seeking returns, despite the associated risks [2]. - UBS emphasizes the need for investors to carefully assess the expected returns on highly volatile assets like silver, which currently do not meet the required return thresholds [4]. - The market remains sensitive to geopolitical tensions and monetary policy changes, which could influence precious metal prices moving forward [1][3].

Group 1 - The UBS Chief Investment Office (CIO) expects global stock markets to rise by approximately 10% by the end of this year, with the US market remaining a core component of investors' equity allocations and having further upside potential [1] - Other regions outside the largest global economy also present attractive opportunities, driven by strategic autonomy, regional fiscal expansion, and structural reforms, with a particular focus on China, Japan, and Europe [1] - The Chinese government's explicit support for domestic artificial intelligence (AI) models and chip manufacturing is expected to lay the foundation for further increases in Chinese tech stocks [1] Group 2 - In a low interest rate environment, domestic investors are pursuing yields, which is likely to benefit sectors such as finance, healthcare, consumer goods, materials, and power equipment due to structural advantages from healthcare companies expanding internationally, the rise of new consumption models, and grid modernization [1]

Shares in UBS Group ( UBS ) are down on Q4 2025 earnings, which reflect the ongoing impact of the Credit Suisse integration. The bank also unveiled an ambitious 18% return on CET1 [RoCET1] profitability targetI ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash secured puts. I appro ...

UBS' Americas wealth management unit reported $14 billion in net new asset (NNA) outflows in the fourth quarter, its worst period for flows since announcing changes to its compensation structure in November 2024. Asset losses accelerated in 2025 as ongoing cost cuts and compensation overhauls continued to drive advisor departures. Advisor headcount was little changed from the prior quarter but fell 3.3% from a year earlier, to 5,772 advisors, the firm said Wednesday. On Wednesday's earnings call, UBS C ...

Core Insights - UBS Group AG reported a fourth-quarter 2025 net profit attributable to shareholders of $1.19 billion, an increase from $770 million in the prior-year quarter, driven by strong performances in Global Wealth Management, Asset Management, and Investment Bank divisions, although a decline in total assets raised concerns [1][6] - For the full year 2025, UBS reported a net profit attributable to shareholders of $7.77 billion, up from $5.08 billion in the previous year [1] Revenues & Expenses - UBS's fourth-quarter total revenues increased by 4.4% year over year to $12.14 billion [2][6] - For 2025, total revenues rose by 1.9% year over year to $49.6 billion [2] - Operating expenses fell nearly 1% year over year to $10.29 billion [2] - Total credit loss expenses were reported at $159 million, a decline of 30.6% from the year-ago quarter [2] Business Divisions' Performances - Global Wealth Management's operating profit before tax was $1.29 billion, up from $867 million in the year-ago quarter [3] - Asset Management's operating profit before tax was $212 million, an increase of 65.6% from the year-ago quarter [3] - Personal & Corporate Banking reported an operating profit before tax of $565 million, down 5% year over year [3] - The Investment Bank unit reported an operating profit before tax of $640 million, up from $479 million in the year-ago quarter [3] Non-Core & Legacy Performance - Non-Core & Legacy incurred an operating loss before tax of $455 million, an improvement from a loss of $923 million in the year-ago quarter [4] - Group Items reported an operating loss before tax of $552 million compared to a loss of $100 million in the year-ago quarter [4] Capital Position - Total assets fell nearly 1% from the previous quarter's end to $1.62 trillion [5] - Return on Common Equity Tier 1 (CET1) capital was 6.6% as of December 31, 2025, compared to 4.2% as of December 31, 2024 [5] - Risk-weighted assets declined 1% year over year to $493.4 billion [5] - CET1 capital declined marginally year over year to $71.3 billion [5] - Invested assets were reported at $7 trillion, up 15.1% year over year [5] Capital Distribution - For 2025, the board plans to propose a dividend of $1.10 per share, subject to approval at the Annual General Meeting scheduled for April 15, 2026 [7] - The company aims for a mid-teens percentage increase in the ordinary dividend per share for 2026 [7] Share Repurchase and Integration - UBS completed $3 billion worth of share repurchases in the fourth quarter of 2025 and intends to repurchase another $3 billion in 2026 [8] - The integration of Credit Suisse is on track for substantial completion by the end of 2026 [9] Migration and Cost Savings - By the end of the fourth quarter of 2025, 85% of Swiss-booked client accounts had been migrated, with Personal & Corporate client account migrations substantially complete [10] - Cumulative gross cost savings totaled $10.7 billion at the end of 2025, with an ambition to raise annualized exit rate gross cost savings to approximately $13.5 billion by the end of 2026 [12] Risk-Weighted Assets Reduction - The non-core and legacy business division achieved a 67% reduction in risk-weighted assets since the second quarter of 2023, targeting further reductions to approximately $4 billion by the end of 2026 [13] Overall Assessment - UBS's inorganic growth efforts are expected to support its top line, with steady progress in the integration of Credit Suisse and a robust capital position [14]

UBS Shares Sink as Net New Assets Tumble - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800- 843-0008 or visit www.djreprints.com.---# UBS Shares Sink as Net New Assets Tumble## The Swiss bank says it is poised to regain momentum in its U.S. wealth business.---By [Kenneth Corbin][U ...

♪ NOW, UBS HAS ANNOUNCED A $3 BILLION BUYBACK ALONGSIDE WHAT ANALYSTS ARE DESCRIBING AS A MIX RESULTS. $1.2% BILLION BEAT EXPECTATIONS BUT IN FLOWS AT THE KEY WEALTH MANAGEMENT SLUMPED AND I’VE BEEN SPEAKING WITH THE CHIEF EXECUTIVE. >> THE MARKET IS BROADLY CONSTRUCTIVE, IF YOU LOOK AT THE ECONOMIC OUTLOOK AND LOOK AT THE INVESTMENTS GOING THROUGH THE ECONOMIES IN THE U.S. AND YEARS OF TECHNOLOGY, INFRASTRUCTURE, ENERGY, IT’S GOING TO BE QUITE CONSTRUCTIVE FOR THE ECONOMY AND THEREFORE WE SEE MARKETS, BROA ...

Core Viewpoint - UBS Group AG is positioning itself to offer tokenized services and crypto access to its clients, indicating a strategic shift towards digital assets in the financial system [1][2]. Group 1: Digital Asset Strategy - The CEO, Sergio Ermotti, emphasized a client-led approach to digital assets, focusing on building core infrastructure and exploring offerings such as crypto access for individual clients and tokenized deposit solutions for corporates [2]. - UBS plans to provide select clients in Switzerland with access to Bitcoin and Ethereum, reflecting a growing trend in the banking sector towards digital asset investment [2]. Group 2: Technological Integration - The emergence of digital assets and tokenization is seen as an opportunity to fundamentally change banking operations, with a focus on delivering a seamless technological experience for the next generation of investors [3]. - UBS is implementing AI-enabled capabilities to enhance service efficiency and productivity across its banking operations, indicating a commitment to leveraging technology for competitive advantage [4]. Group 3: Financial Performance and Market Position - UBS reported a profit of approximately $7.9 billion last year, marking a 53% increase year-over-year, and solidified its market position by acquiring Credit Suisse in 2023 [5]. - The Swiss National Bank has increased its exposure to Bitcoin, suggesting a broader institutional interest in digital assets within Switzerland [5].

瑞银集团2026年展望：预计净节约额将逐步累积，且下半年的占比会更高。 来源：滚动播报 ...