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UBS walking away from an overpay on the acquisition price.

• dsimmons 4y ago
  I was kind of wondering about this myself! Although they're putting a "positive" spin on it, surely this can't be good (for at least one party)?
  • MrMan 4y ago
    maybe people are realizing they can also write javascript
  • kibibyte 4y ago
    Considering this press release came out on a Friday afternoon shortly before the Labor Day weekend, I sensed this wasn't supposed to be good news.
    • hotpotamus 4y ago
      That's the heuristic I'm applying too and I've got a substantial amount of money in Wealthfront that I'm now debating what to do with.
• benjaminwootton 4y ago
  I imagine $1.4 billion is a rounding error on a rounding error to UBS.
  • boyka 4y ago
    It's rather ca 100% of their average yearly earnings or 3% of their current market cap/6-10% of their market cap a few years ago.
    • sealeck 4y ago
      UBS 2021 net income was US$ 7.6 billion and they have $1.12 trillion in assets under management.
      • rco8786 4y ago
        Their AUM is not really relevant. That’s not their money.
  • lotsofpulp 4y ago
    $1.4B is a rounding error to big tech companies or a big bank like Chase or BoA. For UBS, it is a decent percent of their profit. https://www.macrotrends.net/stocks/charts/UBS/ubs-group-ag/net-income https://www.macrotrends.net/stocks/charts/UBS/ubs-group-ag/n...