# Sitting on a Cash Pile 14.0? Bullish on Global Wealth Management Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/sitting-on-a-cash-pile-14-0-bullish-on-global-wealth-management Last modified: 2021-06-01 --- By Paul Ebeling ยท 2021-06-01 Tags: Shayne Heffernan on Investments, buy, resistance, cash, support, Bullish, bank, UBS, Paul Ebeling, bulish, Todays Trade Ideas Signed: no (published before platform launch). Nothing in this article is investment advice. #cash #bulish #buy [$UBS](https://finance.yahoo.com/quote/UBS?p=UBS&.tsrc=fin-srch) UBS Group AG ([NYSE:UBS](NYSE:UBS)) broke out on 21 May at 15.87 and confirmed on 28 May at 16.87. Thus Garnering a LTN Cash Pile Buy rating with a 1yr price target at 20.52. The shares are trading in a 52-wk range of 10.39 - 16.31 and have a 17.91 consensus price target. Shares closed Friday in NY at 16.37 and are tradin premarket Tuesday at 16.45 in NY. Our overall technical analysis for UBS is Very Bullish long term as all of my technical indicators are flashings Very Bullish, the support is deep and there is now overhead resistance in here. ![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg) UBS Group AG, together with its subsidiaries, provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through 4 divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, as well as lending solutions, to ultra high net worth and high net worth clients. This segment also provides wealth planning, investing, philanthropy, corporate and banking services, and family advisory services, as well as mortgage, securities-based, and structured lending solutions. The Personal & Corporate Banking division provides banking products and services, such as deposits, cards, and online and mobile banking, as well as lending, investments, and retirement services. The Asset Management division offers equities, fixed income, hedge funds, real estate and private markets, indexed and alternative beta strategies, asset allocation and currency investment strategies, customized multi-asset solutions, advisory and fiduciary services, and multi-manager hedge fund solutions and advisory services. The Investment Bank division advises clients on strategic business opportunities and helps them raise capital to fund their activities; enables its clients to buy, sell, and finance securities on capital markets and to manage their risks and liquidity; and offers clients differentiated content on major financial markets and securities. This division serves institutional, corporate, and wealth management clients. The company was formerly known as UBS AG and changed its name to UBS Group AG in December 2014. UBS Group AG was founded in Y 1862 and is HQ'd in Zurich, Switzerland. Have a healthy week, Keep the Faith! --- This Markdown mirrors https://www.livetradingnews.com/sitting-on-a-cash-pile-14-0-bullish-on-global-wealth-management. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt