Swiss banking giant UBS AG (USA) (NYSE:UBS) is getting ready to take legal action against NASDAQ OMX Group, Inc (NASDAQ:NDAQ) regarding losses incurred from glitches in Facebook Inc (NASDAQ:FB) initial public offering, according to CNBC report on late Friday.
The CNBC reported that the Swiss bank suffered projected loss of almost $350 million. Facebook’s May 18 debut on the Nasdaq was belated by over 30 minutes with outcomes on trades of millions of shares unknown for over 2 hours.
UBS reported that it placed an order for one million shares of social networking company. However, the corporation resubmitted the order many times when it failed to get confirmation of the order.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Credit Suisse Group AG (ADR) (NYSE:CS) fell -1.22% to settle at $20.29, Deutsche Bank AG (USA) (NYSE:DB) moved up +0.45% to end at $35.99 while Morgan Stanley (NYSE:MS) jumped +2.24% to finish on Friday at $13.71.
UBS AG (USA) (NYSE:UBS) last session volume of 3.59 million shares was lower than its average volume of 4.55 million shares. The stock after opening at $11.52 hit high price of $11.73 and then closed at $11.71 by scoring -0.51%.
UBS generated revenue of 53.23 billion in the following twelve months and earned $8.52 million. The Company showed a positive 10.37% in the net profit margin and as well as in its operating margin which remained -36.15%. Company’s annual sales growth for the past five year was 2.83%.
The UBS past twelve months price to sales ratio was 0.44 and price to cash ratio remained 0.07. As far as the returns are concern, the UBS return on equity was recorded as 24.49% and its return on asset stayed at 0.56%.
The stock showed weekly upbeat performance of +4.18% which was maintained for the month at -2.17%. Likewise the negative performance for the quarter was recorded as -12.28% and for the year was -35.73% while the YTD performance remained at -0.17%.
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