UBS abandons its plan to buy Wealthfront for $1.4 billion.







FILE PHOTO: Logo of Swiss bank UBS is seen in Zurich

Swiss bank UBS and automated wealth management service provider Wealthfront said on Friday they had mutually agreed to end their $1.4 billion deal, under which Wealthfront was to be acquired by UBS Americas Inc.


Marketzone with Reuters 2022

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Financial data

2022 turnover 33,571M
34,253M
34,143M
2022 net result 7,081M
7,225M
7,202M
Net debt 2022

PER 20227.49x
2022 return3.24%
Capitalization 50,799M
51,831M
51,665M
capi. / CA 20221.51x
capi. / CA 20231.51x
Number of employees71,294
Floating92.4%


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Evolution of the Income Statement

Sale

Purchase

Average recommendationACCUMULATE
Number of Analysts21
Last Closing PriceCHF15.60
Average price targetCHF19.52
Deviation / Average Target25.2%

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