Volume Spike Investor » UBS

UBS Oversubscribed Swiss Governemnt Stake Sale (UBS)

247admin — Thu, 20 Aug 2009 13:19:13 +0000

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 is not usually one of the more active pre-market financial stocks and the 52-week high is $22.61. Average volume is over 4 million shares per day. -JON OGG

Swiss banks are stocks to watch on Wednesday (UBS, CS)

247admin — Wed, 01 Jul 2009 11:50:34 +0000

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 weight’ of the law.

In related news this morning, rival Swiss bank Credit Suisse (NYSE: CS) said it will provide names of clients holding French securities to French authorities, to comply with a treaty signed earlier this month between France and Switzerland. — Mike Tarsala

Premarket Alert: UBS dilutive deal keeps the stock active (UBS)

247admin — Fri, 26 Jun 2009 12:28:59 +0000

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 capital ratio to 11.9 percent, near the 12 percent minimum required by regulators. — Mike Tarsala

Select financial stocks outgain the rest of the pack (UBS)

247admin — Tue, 23 Jun 2009 12:58:56 +0000

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 name names among its wealthy American clients suspected of tax evasion, according to the New York Times. Now it appears that a deal might be reached, and the case could be dropped before July 3.

The Bank of Ireland (NYSE: IRE) and Allied Irish Banks, plc (NYSE: AIB), are strong in the early going, both up more than 6%. They appear to be gaining as speculators bet tht the government will rescue Irish lenders in deals that are favorable to existing stockholders.

Other banking names showing early strength include Sallie Mae, up 3%, (NYSE: SLM), Huntington Bancshares, up 2% (Nasdaq: HBAN) and Bank of America, up more than 1% (NYSE: BAC). — Mike Tarsala