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UBS Italia is implementing staff cuts due to significant losses in its private banking division, which is losing 1-2 billion euros in entrusted assets annually. The bank is shifting its focus to a wealth management boutique model, targeting clients with larger assets while divesting from smaller accounts. This restructuring reflects broader challenges faced by UBS across Europe, as profitability declines in various divisions.
UBS shares fell by 4.3% to CHF 26.74 at midday, marking a decline from CHF 27.50 at the start of the trading day. The stock is currently 22.96% below its 52-week high of CHF 32.88 and 15.74% above its 52-week low of CHF 22.53. Despite a drop in revenue of 4.90% in the last quarter, earnings per share improved to CHF 0.21 from CHF -0.38 a year prior.
Deutsche Bank has proposed Kirsty Roth and Klaus Moosmayer for its supervisory board, with a vote scheduled for the annual shareholder meeting on May 22. They will replace Theodor Weimer and Dagmar Valcarcel, whose terms are expiring. Additionally, CEO Christian Sewing's contract has been extended amid a management overhaul, which will see the departure of the finance chief and another executive.
Kirsty Roth and Klaus Moosmayer have been proposed to join the Supervisory Board of Deutsche Bank. Moosmayer, who recently announced his departure from Novartis, will have his responsibilities taken over by Chief Legal Officer Karen Hale on April 14.
Three years ago, UBS shares were priced at CHF 18.15. An investment of CHF 10,000 would have resulted in 551,116 shares, now valued at CHF 15,398.18, reflecting a 53.98% increase, with the current share price at CHF 27.94 and a market capitalization of CHF 88.86 billion.
UBS has maintained a "Neutral" rating for Allianz shares, setting a target price of 320 euros, as analyst Will Hardcastle favors life insurers over non-life in Europe. Allianz shares fell 0.7% to EUR 352.80, with a 9.3% potential decline to the target price, despite a 19.2% rise since early 2025. The company is set to release its Q1 2025 balance sheet on May 15, 2025.
UBS has maintained a "Sell" rating for Zurich Insurance Group, setting a target price of 535 Swiss francs. Analyst Will Hardcastle favors life insurers over non-life insurers in Europe, highlighting Prudential, Aviva, AXA, Swiss Re, and Beazley as preferred stocks in his recent sector report.
UBS has rated Swiss Reinsurance Company as 'Buy', but the information provided is for informational purposes only and does not constitute a recommendation to buy or sell. Investing in securities carries risks, including the potential total loss of capital. No liability for the accuracy or completeness of the information is assumed.
UBS has maintained a "Neutral" rating for Munich Reinsurance Company, setting a target price of 594 euros. Analyst Will Hardcastle favors life insurers over non-life, highlighting stocks like Prudential and AXA. Munich Re shares fell 0.6% to EUR 584.00, with a 1.71% upside potential, and have risen 19.9% since the start of 2025. Key Q1 2025 figures are due on May 13, 2025.
UBS has maintained a "Neutral" rating for Hannover Re shares, setting a target price of 267 euros. Analyst Will Hardcastle favors life insurers over non-life, highlighting stocks like Prudential and AXA. As of 11:32 a.m., Hannover Re shares fell 1.0% to EUR 274.30, with a 13.6% increase since the start of 2025. The company will report Q1 2025 profit and sales figures on May 13, 2025.
CHE
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs italy announces staff cuts amid declining assets and strategic shifts
19:02 31.03.2025
ubs shares decline as investors react to latest trading results
18:02 31.03.2025
Deutsche Bank proposes Kirsty Roth and Klaus Moosmayer for supervisory board
United States Dollar
Novartis AG
Deutsche Bank Money Market PP
DEU
CHE
Friederike Heine
Kirsty Roth
Ludwig Burger
Klaus Moosmayer
Theodor Weimer
Christian Sewing
Karen Hale
Dagmar Valcarcel
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16:39 31.03.2025
deutsche bank proposes kirsty roth and klaus moosmayer for supervisory board
15:56 31.03.2025
ubs investment yields significant profit over three years
14:08 31.03.2025
ubs maintains neutral rating for allianz with target price of 320 euros
Euro
Swiss Re AG
Beazley plc
UBS AG
AXA SA
Allianz SE
Prudential plc
GBR
DEU
CHE
FRA
Will Hardcastle
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14:08 31.03.2025
ubs maintains sell rating on zurich insurance with target price of 535 francs
Swiss Franc
Swiss Re AG
Zurich Insurance Group AG
Beazley plc
AXA SA
Prudential plc
CHE
Will Hardcastle
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13:01 31.03.2025
ubs rates swiss reinsurance company as buy amid investment considerations
12:58 31.03.2025
ubs maintains neutral rating on munich reinsurance shares with target price of 594 euros
11:49 31.03.2025
ubs maintains neutral rating for hannover re shares with target price of 267 euros
11:49 31.03.2025
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