UBS

UBS (NYSE: UBS) cut jobs last month at its Credit Suisse subsidiary. After trimming forces in the asset management division, UBS Asset Management is now looking forward to its first live pilot program of tokenized money market fund on Ethereum.   Find out more about tokenization and its...

Hurricane Idalia wreaked havoc along Florida’s Gulf Coast before turning into a tropical storm in Georgia and making its way into the open water of the Atlantic Ocean. Despite causing significant disruptions, its financial toll is expected to be less dire than Hurricane Ian. In 2022, Ian...

One Oracle Corp (NYSE: ORCL) analyst is turning positive as he sees the software company sharpening its edge in cloud on the back of GPU supply constraints. What Happened: UBS analyst Karl Keirstead upgraded Oracle from a Neutral rating to a Buy rating and raised...

Apple, Inc. (NASDAQ:AAPL)’s third-quarter results Thursday failed to impress Wall Street, and the stock promptly reacted with a move to the downside. Here’s what the Street has to say. The Apple Analysts: Bernstein analyst Toni Sacconaghi maintained a Market Perform rating on Apple...

UBS, a globally recognized financial services firm, has downgraded its previously bullish stance on Tesla to a "Neutral" rating, causing investors to reconsider buying. Despite the downgrade, UBS still sees potential in Tesla's future, viewing it as a long-term opportunity while...

Shares of Morgan Stanley (NYSE: MS) rose in early trading on Wednesday, after some of the biggest banks reported upbeat quarterly results. Investors look forward to an exciting earnings season ahead. Here are some key analyst takeaways from Morgan Stanley’s earnings release. UBS On Morgan...

Shares of Canadian Solar Inc (NASDAQ: CSIQ) recovered during Thursday’s premarket, reversing its downturn since the start of the week. The company is poised to benefit from its exposure to the US utility-scale solar market recovery, according to UBS. The Analyst: Jon Windham upgraded the...

UBS Group AG (NYSE:UBS) is reportedly planning to significantly reduce the workforce of the recently acquired Credit Suisse Group AG (NYSE:CS), with more than half of the employees facing potential layoffs. The planned layoffs are part of UBS’s strategy to cut back on the numbers at Credit...

Shares of Moderna Inc (NASDAQ: MRNA) rose in early trading on Monday, just days after the pharma company submitted an application to the Food and Drug Administration (FDA) for the authorization of an updated vaccine. The stock's current valuation reflects uncertainty around Covid vaccine...

Google parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) is set to become among the leaders of the fourth industrial revolution, which has already begun. Although, there is limited upside to the consensus estimates, which call for an acceleration of growth to 11% in 2024, according to UBS....

BOCI, the investment banking subsidiary of the Bank of China, has broken new ground by launching tokenized structured notes worth 200 million offshore renminbi (equivalent to $28 million) on the Ethereum (CRYPTO: ETH) blockchain. The move marks BOCI as the pioneer among Chinese financial entities...

Sports betting company DraftKings Inc (NASDAQ: DKNG) lands an updated rating and price target from an analyst, which comes after the company recently reported quarterly financial results.  The DraftKings Analyst: UBS analyst Robin Farley upgraded shares of DraftKings from Neutral to Buy...

UBS Group AG (NYSE: UBS) CEO Sergio Ermotti recently shared his thoughts on troubled Credit Suisse Group AG (NYSE: CS), saying that the latter bank has stabilized and that he did not think outflows at the embattled bank were continuing. In an interview with...

JPMorgan Chase & Co (NYSE: JPM) shares gained 2.9% Monday morning after the bank acquired the deposits and a "substantial majority of assets" from First Republic Bank (NYSE: FRC). First Republic is the latest victim of the U.S. regional banking crisis that has also taken down...

Goldman Sachs Group Inc (NYSE: GS) reported mixed results for the first quarter, amid a solid start to the earnings season by banking majors. RBC Capital Markets On Goldman Sachs Analyst Gerard Cassidy maintained a Sector Perform rating while raising the price target from $339 to $375. “...