UBS Group (UBS) to Cut Jobs for $10 Billion Cost Reduction [Yahoo! Finance]
BlackRock, Inc. (BLK)
Last blackrock, inc. earnings: 4/16 06:02 am
Check Earnings Report
US:NYSE Investor Relations:
ir.blackrock.com
Company Research
Source: Yahoo! Finance
In August 2023, UBS announced its plan to lay off around one in 12 employees in Switzerland to reduce costs by more than $10 billion by 2026. In total, 50-60% of former Credit Suisse employees are likely to be made redundant. The news was reported by Reuters, which cited the SonntagsZeitung newspaper. UBS' plan to reduce costs will mainly result from cutting its workforce. According to the source, 30,000 and 35,000 jobs are expected to be eliminated globally. Approximately 25% to 30% of former Credit Suisse staff could be laid off in the first wave of job cuts in June. The later waves are set to take place in the months of August, September, October and November. In June 2023, UBS Group completed the acquisition of Credit Suisse (a regulatory-assisted deal). The company is on track to complete the integration process by the end of 2026. This move is expected to enhance capabilities in wealth and asset management, as well as aid in growing its capital-light businesses. However,
Show less
Read more
Impact Snapshot
Event Time:
BLK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BLK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BLK alerts
High impacting BlackRock, Inc. news events
Weekly update
A roundup of the hottest topics
BLK
News
- Barclays Is the Latest Firm to Face Anti-ESG Wrath in Oklahoma [Yahoo! Finance]Yahoo! Finance
- Barclays Is the Latest Firm to Face Anti-ESG Wrath in Oklahoma [BNN Bloomberg (Canada)]BNN Bloomberg
- BlackRock's IBIT Has 1st Outflows as Crypto Fervor Dips [Yahoo! Finance]Yahoo! Finance
- BlackRock (BLK) Could Be a Great Choice [Yahoo! Finance]Yahoo! Finance
- 3 Stocks to Watch as Bitcoin Spot ETFs Witness Large Outflows [Yahoo! Finance]Yahoo! Finance
BLK
Earnings
- 4/12/24 - Beat
BLK
Sec Filings
- 5/3/24 - Form DEFA14A
- 5/1/24 - Form PX14A6G
- 4/30/24 - Form PX14A6G
- BLK's page on the SEC website