Bonds backed by commercial property loans, previously one of the hardest-hit parts of the credit market, have stopped being a major bargain, according to UBS Global Wealth Management.
Year over year headline CPI - aka the "Inflation Rate" - came in 10 bps lower than expected to +2.9%.
UBS Group's (UBS) second-quarter results reflect growth in asset management, personal & corporate banking and investment bank division. However, a rising expense base is a concern.

CPI Came In Line WIth Expectations

12:00pm, Wednesday, 14'th Aug 2024
Immediately following the biggest economic print of the week — the July Consumer Price Index (CPI) report — pre-market futures got pretty noisy. So did bond yields.
UBS Group (UBS) shares rose Wednesday after the Swiss banking giant's second-quarter earnings beat estimates, thanks to growth in its wealth management divisions and savings created as it merges opera
UBS (UBS) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $1.88 per share a year ago.
UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession. Global equities saw sharp sel
UBS on Tuesday agreed to sell Credit Suisse's U.S. mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said on Wednesday.
UBS Group AG (NYSE:UBS) shares opened 1.4% higher on Wednesday following the bank's stronger-than-expected second-quarter results, reporting a net profit of $1.1 billion - double analysts' forecasts.

UBS posts top and bottom line Q2 beat

02:41am, Wednesday, 14'th Aug 2024
Swiss banking giant UBS posts a second-quarter beat on both the top and bottom line with a net profit of $1.1bn. The lender's global wealth management arm also notched $27bn of net new assets.
UBS CEO Sergio Ermotti discusses second-quarter earnings, market volatility and the outlook for Federal Reserve interest rates. He spoke with Francine Lacqua in Zurich after the Swiss lender posted
UBS reported on Wednesday a net profit of $1.14 billion for the April-June period, the first results since the completion of the bank's formal legal merger with its one-time rival Credit Suisse.
Analysts expected revenue of $11.5 billion, according to an LSEG poll.
UBS Group on Wednesday reported a net profit of $1.14 billion attributable to shareholders in the second quarter, which compared with the $528 million forecast by analysts in a company-provided poll.
ZURICH--(BUSINESS WIRE)--Regulatory News: UBS (NYSE:UBS) (SWX:UBSN): Key highlights 2Q24 PBT of USD 1.5bn and underlying1 PBT of USD 2.1bn reflecting client franchise strength and disciplined executio
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