UBS Group AG is a Swiss multinational financial services firm with four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and the Investment Bank. It serves private, corporate, institutional, and retail clients worldwide, offering wealth planning for high-net-worth individuals, Swiss banking services, a broad range of investment products, and advisory, underwriting, and trading in equities, fixed income, rates, and FX. It earns fees from wealth and asset management, interest income from lending, and trading income from investment banking. Its aim is to help clients manage and grow wealth while delivering diversified, revenue-generating financial services across regions and asset classes.
Company Size
10,001+
Company Stage
IPO
Headquarters
Zurich, Switzerland
Founded
1998
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UBS has raised its price target for Valero Energy Corporation from $355 to $450, maintaining a "Buy" rating. The revised target implies nearly 17% upside and exceeds the stock's all-time high of $393 reached earlier this month. Valero has more than doubled in value since the beginning of 2026, gaining over 133%, driven by strong global refining margins. Ongoing disruptions have curtailed refining capacity worldwide, tightening supplies of gasoline, diesel, and jet fuel. UBS believes Valero is well-positioned as refining margins remain elevated. The company's disciplined capital allocation and high shareholder returns support the outlook. Valero returned $2.6 billion to shareholders in Q2, up sharply from $695 million year-over-year. However, the stock's valuation may already reflect extraordinary market conditions, and any decline in refining margins could trigger a pullback.
UBS has named Coca-Cola its top pick in the beverage, household and personal-care sector amid market volatility driven by rising bond yields. The bank favours the company's predictable earnings and dividend despite a nearly 30% share price rally this year. Coca-Cola reported second-quarter revenue of $13.4 billion, up 7% year-on-year, with organic revenue rising 6%. Global unit-case volume increased 5%, whilst comparable earnings per share climbed 11% to $0.97. Comparable operating margin expanded to 35.6% from 34.7%. The company raised its 2026 outlook, now expecting organic revenue growth of about 5% and comparable EPS growth of 9% to 10%. It forecasts approximately $12.4 billion of free cash flow for the year. The quarterly dividend stands at $0.53 per share, yielding roughly 2.39%.
Bank of America's Merrill Lynch has recruited advisors John Vazquez and Manuel Monasterio from UBS, bringing $1.2 billion in client assets to its Santa Fe, New Mexico office. The duo, along with four support staff, were producing approximately $4.7 million in revenue. Vazquez had been with UBS since 1999, whilst Monasterio joined in 2008. The team will operate within Merrill's Desert Mountain Market under Market Executive Elaine Darnell. The move follows Merrill's earlier announcement this week of advisors managing a combined $1.8 billion joining from Morgan Stanley, Truist and Wells Fargo. Despite these wins, Merrill reportedly experienced the largest net losses among advisors this year through 13 August, losing 552 advisors according to Wolfe Research data.
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Vaudoise Assurances Holding has raised CHF 220 million through a bond issue on the Swiss bond market. The issue comprises two tranches: CHF 100 million with a four-year maturity and 0.90% coupon, and CHF 120 million with an eight-year maturity and 1.25% coupon. The bonds are listed on the SIX Swiss Exchange and will mature in 2030 and 2034, respectively. The fundraising aims to strengthen the group's financing strategy whilst maintaining an active presence in the bond market and diversifying its funding sources. UBS AG and Zürcher Kantonalbank served as joint lead managers for the transaction.