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A comment on UBS, Wealthfront Cancel $1.4B Deal. Parent comment

Re:UBS, Wealthfront Cancel $1.4B Deal by benjaminwootton on Saturday September 03, 2022 @02:08AM (#32699217)
I imagine $1.4 billion is a rounding error on a rounding error to UBS.
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Re:UBS, Wealthfront Cancel $1.4B Deal by boyka on Saturday September 03, 2022 @02:52AM (#32699415)
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.
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Re:UBS, Wealthfront Cancel $1.4B Deal by sealeck on Saturday September 03, 2022 @06:04AM (#32700353)
UBS 2021 net income was US$ 7.6 billion and they have $1.12 trillion in assets under management.
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Re:UBS, Wealthfront Cancel $1.4B Deal by rco8786 on Saturday September 03, 2022 @07:10AM (#32700680)
Their AUM is not really relevant. That’s not their money.
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Re:UBS, Wealthfront Cancel $1.4B Deal by lotsofpulp on Saturday September 03, 2022 @07:49AM (#32700920)
$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/n...

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