UBS Shares: Ready for Takeoff? | Oct 21, 2020 at 6:31 AM
  • It is one of the many ironies of history that UBS stock should surge right at the moment when veteran CEO Sergio Ermotti is stepping down.
  • The shares surged precisely at the moment when Ermotti presented the last quarterly figures and new Dutch CEO Ralph Hamers is about to take over from the banker who originates in the Italian-speaking part of Switzerland.
  • UBS promised to pay out the second half of the dividend promised for 2020, the half that the bank had deferred during the spring lockdown.