U.S. election won't be an 'uneventful event' for global markets, UBS chief says [MSNBC.com]
First Citizens BancShares, Inc. - Class A (FCNCA)
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Source: MSNBC.com
Sergio Ermotti, chief executive officer of UBS GroupStefan Wermuth | Bloomberg | Getty ImagesThe outcome of upcoming elections in the world's leading economy is set to ripple into global markets no matter who clinches leadership of the , UBS head Sergio Ermotti told CNBC on Wednesday."The outlook for the fourth quarter is clearly still somehow influenced by the uncertainties we see on the macroeconomic and geopolitical front, we have the upcoming elections in the U.S., which of course is not going to be an uneventful event," he told CNBC's Annette Weisbach, as the Swiss bank's third-quarter profit printcrushed analyst forecastsUnder UBS' geographic breakdown, the U.S. is filed under the key Americas region, which has emerged as critical to the bank's global wealth management performance, netting in $2.84 billion revenues in the third quarter. Already, electoral jitters and expectations of further interest rate cuts from the U.S. Federal Reserve have steered investors to retreat to gol
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FCNCA
Earnings
- 10/24/24 - Miss
FCNCA
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 144
- FCNCA's page on the SEC website