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    UBSG   CH0244767585

UBS GROUP AG

(UBSG)
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UBS : JPMorgan, UBS, Wells Fargo to allow U.S. employees take day off for Juneteenth

06/18/2021 | 12:46am EDT

June 17 (Reuters) - JPMorgan Chase & Co will give its U.S. employees one floating day off for the newly implemented Juneteenth federal holiday, according to an internal memo seen by Reuters.

While the holiday falls on a weekend, employees can coordinate with managers for a paid day off between July 1 and Dec. 31, the memo from Chief Executive Officer Jamie Dimon and global head of diversity and inclusion Brian Lamb said.

Wealth manager UBS also unveiled similar plans for its U.S. employees, an internal memo showed.

Wells Fargo & Co will provide an additional personal holiday in 2021 to all eligible U.S. based employees to commemorate Juneteenth, a company spokesperson said.

President Joe Biden signed a bill on Thursday to recognize June 19, or "Juneteenth", a federal holiday marking the end of legal enslavement of Black Americans.

It marks the day in 1865 when a Union general informed a group of enslaved people in Galveston, Texas that they had been made free two years earlier by President Abraham Lincoln's Emancipation Proclamation during the Civil War.

Juneteenth is the first new federal holiday created in nearly four decades. Texas officially declared Juneteenth a state holiday in 1980 and since then the holiday has been officially recognized in most U.S. states.

The U.S. Securities and Exchange Commission also said its offices would be closed on Friday. (Reporting by Niket Nishant in Bengaluru and Matt Scuffham in New York; Additional reporting by Noor Zainab Hussain and Nandakumar D in Bengaluru; Editing by Arun Koyyur and Shounak Dasgupta)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
JPMORGAN CHASE & CO. -0.80% 151.78 Delayed Quote.19.45%
UBS GROUP AG -0.40% 14.94 Delayed Quote.19.81%
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Financials
Sales 2021 31 560 M 34 852 M 34 852 M
Net income 2021 5 406 M 5 970 M 5 970 M
Net cash 2021 5 669 M 6 260 M 6 260 M
P/E ratio 2021 9,99x
Yield 2021 2,41%
Capitalization 51 940 M 57 318 M 57 357 M
EV / Sales 2021 1,47x
EV / Sales 2022 1,48x
Nbr of Employees 71 304
Free-Float 90,9%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 14,94 CHF
Average target price 17,11 CHF
Spread / Average Target 14,5%
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Managers and Directors
Ralph A. J. G. Hamers Group Chief Executive Officer
Kirt Gardner Group Chief Financial Officer
Axel A. Weber Chairman
Mike Dargan Chief Digital & Information Officer
Sabine Keller-Busse Group Chief Operating Officer
Sector and Competitors