While the wealth management unit clearly was a positivesurprise, we had expected better results from the investmentbank in view of the outperforming U.S. investment banks,Teresa Nielsen, a Zurich-based analyst at Vontobel with a holdrating on Credit Suisse, said in a note.
tanley of its EMEA wealth management business as well as the recent sale of Merrill Lynch of its wealth management business outside the US indicates that the wealth management players worldwide are refocusing their business geographically to focus on their core business or add scale," said Teresa Nielsen
At first look, results seem to be in line with ourexpectations, Teresa Nielsen, an analyst at Vontobel HoldingAG, wrote in a report. However, taking out the large positiveprovisions, the cost base increased above our expectations. Thegross margin is clearly under pressure as we expected.
Date: Feb 04, 2013
Category: Business
Source: Google
UBS Wealth Management Money Inflows Top Estimates, Shares Rise
"The improved net new money inflows especially from Switzerland and emerging markets show that confidence has returned to the bank and profitability is improving," Teresa Nielsen, an analyst at Vontobel Holding AG, said in a note. "The bank is well capitalized to withstand potential economic shocks.
Date: May 02, 2012
Category: Business
Source: Google
Credit Suisse Told to Disclose Some U.S. Client Data
The U.S. tax matter and data handover is advancing fasterthan expected, which we believe is positive for Credit Suisse,Teresa Nielsen, a Zurich-based analyst at Vontobel Holding AG,wrote in a note to clients today.
Date: Nov 08, 2011
Category: Business
Source: Google
UBS Reports 39% Drop in Quarterly Profit After Trading Loss
We see the third-quarter results as being positive in a difficult quarter, Teresa Nielsen, an analyst at Vontobel with a buy rating on UBS, said in a note, adding that shareholders equity increased in the quarter. UBSs Tier 1 capital ratio increased to 18.4 percent from 18.1 percent at the end
"We expect Sergio Ermotti to accelerate the implementation of the investment bank's client-centric strategy, focusing on capital efficiency and a quick improvement of better risk systems," Vontobel analyst Teresa Nielsen said. "We expect this to lead to improved risk adjusted returns for shareholder
Date: Sep 26, 2011
Category: Business
Source: Google
Credit Suisse Is a Target of US Private-Banking Tax Probe
Currently it is difficult to say whether this will lead to a legal case and a fine against Credit Suisse, Teresa Nielsen, an analyst at Vontobel with a hold rating said in a note. We expect Switzerland and the U.S. to continue negotiations.