Union Bank of Switzerland (UBS) holds a significant position in global finance. This firm is known for its investment banking, wealth management, and asset management services that influence capital allocation across markets. In recent UBS news, the firm raised its S&P 500 target as trade tensions show signs of easing.
At the same time, UBS confirmed the sale of its O’Connor business to Cantor Fitzgerald and released its Q1 2025 earnings, outlining its current financial position and priorities going forward.
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Latest UBS News: S&P 500 Target Raised to 6,200 as Trade Tensions Ease
In this UBS news, UBS Global Wealth Management has revised its S&P 500 year-end target to 6,200, up from 6,000.
UBS Global Wealth Management raised its year-end target for the S&P 500 index to 6,200 from its prior forecast of 6,000, banking on softening trade tensions and expectations of resilient quarterly earnings. https://t.co/hSL7TLBe0i
— Reuters Legal (@ReutersLegal) June 27, 2025
The firm attributed the change to reduced trade friction and stronger-than-expected corporate earnings.
Investor sentiment has shifted following policy adjustments that rolled back tariffs, particularly those affecting trade with China.
Markets had previously reacted to the initial tariffs with a sharp sell-off in March and April.
UBS, along with other firms like Citigroup and Barclays, also raised their targets for the index this June.
The firm also updated its annual EPS estimate for the S&P 500 to $265, citing expected earnings stability and possible support from the budget reconciliation bill.
In addition, UBS maintained a neutral stance on U.S. equities.
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UBS News: UBS to Sell Its O’Connor Unit to Cantor Fitzgerald
In other UBS news, UBS Asset Management has signed an agreement to sell its O’Connor hedge fund platform to Cantor Fitzgerald.
Today we announced that we have entered into a definitive agreement to acquire O’Connor, @UBS‘s hedge fund investment platform, with approximately $11 billion in invested assets. This acquisition will significantly bolster Cantor Fitzgerald Asset Management’s capabilities and… pic.twitter.com/VMlnD8tWC2
— Cantor (@Official_Cantor) May 28, 2025
The transaction includes O’Connor’s six investment strategies, which currently manage approximately $11 billion in assets. Closing is expected in the fourth quarter of 2025, pending regulatory approval.
As part of the deal, O’Connor’s investment and support teams will move to Cantor Fitzgerald’s asset management division.
UBS and Cantor Fitzgerald plan to coordinate closely throughout the transition to maintain client continuity. The arrangement also includes a long-term commercial agreement between the two firms.
Furthermore, the firm will retain its broader alternatives platform, which includes over $440 billion in assets under management across real assets, credit, and multi-strategy investments.
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UBS News: UBS Delivers Strong Q1 Results With $6.2 Trillion in Invested Assets
On April 30, UBS reported a net profit of $1.7 billion for the first quarter of 2025, supported by $6.2 trillion in invested assets across its businesses.
Moreover, pre-tax profit reached $2.1 billion, while underlying pre-tax profit totaled $2.6 billion. Return on CET1 capital stood at 9.6%, with the underlying figure at 11.3%.
On the other hand, client inflows remained strong. Global Wealth Management brought in $32 billion in net new assets, while Asset Management added another $7 billion.
In Switzerland, UBS issued or renewed loans totaling CHF 40 billion. Transaction-based income within wealth management rose 15% year-over-year, and global markets revenue reached a new high of 32%.
Technology investment continued, including the widespread adoption of GenAI tools. UBS has now rolled out Microsoft Copilot to 50,000 employees and increased its overall cloud usage to approximately 75%.
The firm also entered a strategic partnership with 360 ONE to expand wealth management services in India and select international markets.
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Conclusion
UBS is restructuring parts of its business while maintaining steady inflows and capital strength.
Its profitability remains intact, but the scale of integration and selectivity in asset management will continue influencing investor sentiment.
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