UBS Expects Positive Net New Asset Flows In Wealth And Asset Management Franchises, And Higher Asset Valuations
Portfolio Pulse from Benzinga Newsdesk
UBS Group CEO, Sergio P. Ermotti, announced that the company expects positive net new asset flows in its wealth and asset management franchises, and higher asset valuations. The decision on Credit Suisse (Schweiz) AG follows a thorough evaluation, with full integration deemed the best outcome for UBS, stakeholders, and the Swiss economy. The company will maintain its sponsorship of civic, sporting, and cultural activities in Switzerland until at least the end of 2025.
August 31, 2023 | 7:09 am
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UBS expects positive net new asset flows and higher asset valuations, indicating a positive outlook for the company. The integration with Credit Suisse (Schweiz) AG is expected to strengthen the company's position.
The announcement of positive net new asset flows and higher asset valuations indicates a positive financial outlook for UBS. The integration with Credit Suisse (Schweiz) AG is expected to further strengthen the company's position, potentially leading to a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100