Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

UBS-Banco do Brasil Partner for Investment Banking Services

researchsnappy by researchsnappy
November 18, 2019
in Investment Research
0
UBS-Banco do Brasil Partner for Investment Banking Services
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

UBS Group AG UBS and Banco do Brasil have inked a deal to provide investment banking services and institutional securities brokerage in Brazil and some countries in South America.

Per the terms, UBS will hold the controlling stake with 50.01% ownership interest. Also, the investment bank will be fully incorporated into UBS’ Global Banking and Global Markets platforms.

The partnership seeks to provide clients with M&A and advisory capabilities, debt and equity capital markets, a broad network of corporates and investors as well as institutional securities brokerage and research.

The combined investment bank will consist of UBS’ operational investment banking platform in Brazil and Argentina, as well as its institutional brokerage business in Brazil. Banco do Brasil will offer the exclusive access rights to its corporate clients.

Both the companies will appoint three board members. Banco do Brasil will select the Chairperson, whereas UBS will appoint the Vice Chairperson and CEO. Banco do Brasil will also appoint an Officer whose many responsibilities will include managing the relationship among Banco do Brasil’s customer base, corporate bankers and the newly formed investment bank.

Sergio P. Ermotti, CEO at UBS said, “This transaction captures a unique opportunity to combine two strong partners with complementary strengths,”. Further, Sylvia Coutinho, UBS Country Head in Brazil, commented, “This endeavor is a clear demonstration of UBS’s commitment to expanding our business in South America with a bank that has a strong track record partnering with financial services firms.”

With this deal, UBS seeks to benefit from Banco do Brasil’s strong client relationships and local corporate and investment banking expertise. Also, the proven track record of Brazilian ECM, project finance and M&A advisory transactions impressed UBS. Notably, the partnership will strengthen UBS’ position in the region with support from Banco do Brasil’s capital markets distribution platform.

Though the company is focused on building capital levels, global expansion and executing restructuring initiatives, its net interest income remains under pressure due to negative interest rates in the domestic economy. Also, involvement in several lawsuits and regulatory probes is likely to keep costs elevated.

The stock has lost 12.6% over the past year compared with 1.4% decline of the industry it belongs to.

Currently, UBS carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some better-ranked stocks in the finance space are First Horizon National Corporation FHN, Bank of Montreal BMO and Carolina Financial Corporation CARO. All these stocks carry a Zacks Rank #2 (Buy).

The Zacks Consensus Estimate for First Horizon has been raised 1.3% for the current year in the past 30 days. The company’s share price has gained 30.5% so far this year.

Bank of Montreal has witnessed slight upward revision in earnings estimates for 2019 in the past 30 days. Its share price has risen 15.4% year to date.

Carolina Financial’s shares have gained 29.4% year to date. Its earnings estimates for 2019 have moved up 3.2% in the past 30 days.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Previous Post

Jewelry: Women Will Buy It For Themselves, Thank You Very Much

Next Post

Edited Transcript of INSM earnings conference call or presentation 30-Oct-19 12:30pm GMT

Next Post

Edited Transcript of INSM earnings conference call or presentation 30-Oct-19 12:30pm GMT

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News
  • Top Company News

Top 10 Market Research Companies in the world

Market Research 101: How to Make Data Your Superpower

The Role of Artificial Intelligence in Transforming Market Research

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2023 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2023 researchsnappy.com