UBS Group AG
UBS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$66.30 | Bmflyr | Xswpjpld |
UBS Earnings: Net Client Inflows in Legacy Credit Suisse Operations
UBS has managed to stem client outflows earlier than we anticipated. A significant positive development was the $22 billion of net new client inflows the consolidated wealth management business booked for the quarter—$3 billion of these inflows came from the legacy Credit Suisse wealth management business, and this comes after Credit Suisse lost $183 billion of its client assets over the previous four quarters.