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UBS Advisor David Schachter Named to the Forbes Best-In-State Wealth Advisors List
UBS Wealth Management USA announced today that David Schachter, a Financial Advisor in the firm's Los Angeles Market, has been named to the Forbes Best-in-State Wealth Advisors list for 2024. "I am proud to see David
UBS Group (UBS) Closes Swiss Arm & Credit Suisse (Schweiz) Merger
UBS Group AG (UBS Quick QuoteUBS - Free Report) marks an important milestone in the integration of UBS and Credit Suisse by completing the merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG.
AI Is Changing Banking, UBS Executive Says
UBS Group: Macau's gambling revenue in June roughly met market expectations, preferring Galaxy Entertainment and others.
UBS Group released a research report stating that Macau's gambling revenue in June roughly met market expectations. The total gambling revenue in June was 17.7 billion Macau patacas, an increase of about 16% year-on-year, but a decrease of about 12% month-on-month. The daily average gambling revenue was 590 million Macau patacas, a decrease of about 9% month-on-month. It is expected that the growth of tourists will be driven by the addition of 8 cities for individual travel between Hong Kong and Macau and the increase in summer flight capacity, therefore maintaining an optimistic attitude toward the Macau gambling sector, with Melco Resorts and Entertainment (MLCO.US) and Galaxy Entertainment (00027) being the top choices.
UBS Group Acquires 5.04% in APM Human Services
UBS Group AG and its related entities have emerged as substantial shareholders in APM Human Services International Limited, acquiring a 5.04% stake as of June 28, 2024.
UBS Group: Maintains neutral rating for Bank of Communications, with target price raised to HKD 5.95.
UBS Group released a research report stating that it maintains a "neutral" rating on Bank of Communications (03328) with a target price raised from HKD 4.7 to HKD 5.95. The company's first-quarter performance exceeded the bank's expectations, and the valuation has risen to a level roughly in line with that of state-owned enterprises. Although UBS has slightly adjusted its forecasts, it still maintains a cautious attitude towards the bank, but concerns about the following factors have been reduced: 1) Net interest income growth and net interest margin are more stable than the industry average; 2) With the introduction of stronger and more powerful policies, concerns about the default risk of real estate and local government financing platforms (LGFV) have eased.
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