UBS Oversubscribed Swiss Governemnt Stake Sale (UBS)
UBS AG (NYSE: UBS) is trading very well this morning on reports that the Swiss government’s share sale placement of its stake in UBS was oversubscribed by more than 4-times. We are still awaiting on pricing details, but shares at 9:17 AM EST are up 4.9% at $16.20 on over 600,000 shares. UBS [...]
Swiss banks are stocks to watch on Wednesday (UBS, CS)
UBS shares (NYSE: UBS) shares are ones to watch Wednesday, as hope of a settlement in a suit that seeks to make the company identify potential U.S. tax evaders with Swiss accounts appears to be fading.
The Justice Department said in a Florida court brief that it will seek to enforce tax compliance with the “full [...]
Premarket Alert: UBS dilutive deal keeps the stock active (UBS)
UBS (NYSE: UBS) shares are down about 3% near $12.50 in active premarket trading around 8:25 a.m. Eastern, after the company warned of a second-quarter loss and sold about US$3.5 billion of shares at a 7% discount to the stock’s closing price on Thursday. The cash raising is expected to help raise the bank’s tier 1 [...]
Select financial stocks outgain the rest of the pack (UBS)
A fairly broad selection of financial stocks are moving higher in premarket trading as of 8:45 on Tuesday, even though the XLF is closely tracking the market with about a 1% gain.
UBS AG (NYSE: UBS) shares were among the most active. The Justice Department may drop a legal case that would have required UBS to [...]
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